Source: Horwath

2016 is on track to be another record-beating year for Madrid hotel market as tourism continues to be a key driver of the recovery of the Spanish economy. Madrid's consolidation as a high quality, popular tourist destination for leisure and business continues its upward trend during this year, and is expected to follow the same path throughout 2017. This enables domestic and international demand to consolidate its increase, resulting in substantially improved hotel KPI's. All signs indicate strong momentum for Madrid's hotel market, with more growth ahead.

In response to this situation, there has been a significant increase in the number of new hotel projects and transactions in the last year. Madrid's current hotel development pipeline is significant not only for the relatively large number of rooms but also for the nature of some of the planned properties, in particular international branded operators such as Mandarin Oriental, Four Seasons and W, which are expected to boost the city's RevPAR during the following years.

About Horwath HTL

Horwath HTL is focused one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate investment, tourism, and leisure development. Our clients choose Horwath HTL because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each client project is unique, and they rely on us to utilize the experience we have gained throughout our 100-year history to assist them in achieving their goals. Being a global firm with 52 offices in 40 countries, we have successfully carried out over 40,000 assignments for both public and private clients. As part of the Crowe Global network, a top-ten accounting, and financial services network, Horwath HTL is the number one choice for companies and financial institutions looking to invest and develop in the industry.

For more information, please visit www.horwathhtl.com.

Sophie Rayner
Global Marketing Manager
Horwath

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