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The worst thing that could happen for consumers is that competition between 4- and 5-star properties push prices down across the board or force some of them to retrofit for middle-class shoppers.
With property prices low and visitor figures relatively high in Barcelona amid the broader euro crisis, global hotel brands see this as the perfect moment to develop and invest in the stable international tourist destination.
Figures from the Barcelona Hotel Association for the first quarter of 2012 show a year-on-year hike in roomnights of nearly 3% (from 3,004,285 to 3,092,263), while the number of visitors rose by 2.4% from 1,510,150 to 1,546,688.
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Tags: barcelona, debt crisis
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