Wyndham’s Super 8 expansion into the Iberian Peninsula highlights the growing focus on branded budget hotels as Europe’s middle-class travel market heats up.
The Spanish coastal town won't issue permits for any more short-term rentals for a couple of years to preserve housing supply for locals. Officials worry about a housing crisis.
Raising taxes on short-term rentals in Spain may not slow down the enormous demand for those properties. But it is a sign that the government is listening to those angry about the sector's perceived role in making housing unaffordable.