On 30 June 2010 there were 437 hotels in Madrid, representing an increase of some 5.3 % compared with the number of hotels that were operating in the capital of Spain in the first half of 2009.
When we take into consideration the full range of accommodation available in Madrid including hostels, B&Bs, apartments and camping sites, then the total number of establishments where visitors can stay when visiting this city in Spain rises to 1,712. This figure is 2.33% higher than a year ago. According to the Minister of Economy and Finance, Antonio Beteta “This shows that tourism entrepreneurs still consider Madrid a good location for investment”.
Beteta made the remarks during a conference in which he presented an analysis of the tourist figures for this area of Spain for the first six months of 2010. In this conference, the director of tourism for the Madrid area, Antonio Nieto, added that they currently have no data available on the number of hotel projects currently under development in the capital of Spain, but they are aware of the fact that some hotels still continue to open in the region of Madrid, “although some projects have been slowed or stopped due to the current economic crisis, others are going ahead according to the initial plans and…Click to read more about Madrid Hotels