Madrid - Market Snapshot, 2014
Even though it is the economic, cultural and administrative capital of Spain, Madrid has long remained in the shadow of Barcelona in terms of tourism. However, over the last decade, the city managed to renew itself and has made major investments to improve its image as well as its infrastructures. The Spanish capital has thus returned as a real challenger to the Catalan city.
Madrid is one of the primary destinations for hotel investors and operators in Europe. Historically, the lack of available prime locations for luxury properties combined with high real estate prices for redevelopment have created high barriers to entry.
Our Madrid Hotel Market Snapshot will give you an insight of the recent trends and developments that the Spanish capital has to offer.