Although Spain was unable to escape the economic and financial crisis in 2013, the first results for 2014 are encouraging and herald a future recovery. Tourism and the hotel industry are thus positioned as the undeniable growth engines, while the sector’s results recently shifted back into the green. The trend is all the more evident in the Canary Islands, since growth in tourism figures in the archipelago are among the best recorded recently in Spain’s autonomous regions. The renewed arrivals in the Canaries are strengthened by other economic and institutional factors that are favorable to launching new hotels in the destination.
Key figures: Population: 2,025,951 Area: 7,492 km² Number of hotels: 625 (including 196 corporate chains) Number de rooms: 241,052 Tourist arrivals: 12 million tourists in 2013 (10.5 million foreigners; 1.5 million Spanish) Primary supply markets: United Kingdom (30.4%), Germany (21.5%), Nordic...
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