Tag: price cut
Spanish hotels cut short prices to withstand competition
Barcelo Resorts (Photo Courtesy: Bookings.com) Spanish hotels are cutting prices on summer holiday packages as tourists return to destinations like Turkey and resorts in North Africa, while visitor numbers to Spain continue to be increasing for the past four years. Tourism is one of major revenue earner of Spain, accounting for around 11 per cent of Spain’s total revenue. Last year around 82 million tourists visited Spain, making it the world’s second most visited country after France. Spain’s hotels have exploited the country’s popularity as a sought after tourist destination and increased prices on average by 21.4 per cent over ... Read more