Spanish and Portuguese hotel operators hope that recovery will be faster in holiday destinations
Cushman & Wakefield recently surveyed 50 international and Spanish and Portuguese hoteliers, who are active/interested in the Iberia market and with an offering of close to 200.000 rooms.
- 52% of the operators indicate that at least half or more of their projects are on hold
- 71% of operators are still offering leases, albeit some only in selected markets
- 59% of delayed/canceled projects are either due to commercial terms becoming unviable or issues with debt funding
Find out the full results and the future outlook through the hotel operator's lens by downloading the report.