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More Spanish Companies investing in Caribbean Hotels

The Spanish Barcelo Group is remaining optimistic about the future of Caribbean holidays despite the economic downturn causing a decrease in tourism numbers. The hotel chain continues to grow with expansion of more Caribbean hotels.

More Spanish Companies investing in Caribbean Hotels

Spanish hotel companies are remaining positive about new ventures in the Americas despite a decrease in tourism numbers.

Leading Spanish hotel company, Barcelo Group, have Caribbean hotels across the region and have been in business in the Americas since 1985 after opening the first hotel in the Dominican Republic and leading the way forward for other Spanish hotels to make their investment in this region. The travel company now have 187 four and five star Barcelo hotels across the world, of which 67 are in the U.S and 37 are scattered across the Caribbean and Latin America.

Barcelo's investment in the Americas continues to grow with the expansion of more Costa Rica hotels and Caribbean hotels in the pipeline with the economic crisis hitting Spain hard in 2009, the decline in tourism income fell by 13.3 percent during the first few months of the year. Spanish hotel companies are hoping that their revenue from their investment in the Americas will be a little more positive this year.

However, for some, the ongoing economic crisis will force a downfall in these investments. Sol Melia is the biggest resort group in the country with 61 hotels in 12 Latin American countries. The company are looking to reduce investments tied up in various resorts and Sol Melia hotels in Brazil and Mexico in an attempt to avoid any further falling profits.

Communications Chief of Sol Melia, Laura del Amo, said:

"The economic crisis is having a fundamental impact, seen in a decline of the number of clients. In light of this, the business is betting on commercial ventures to increase revenues, sustain financial solidity and control risks."

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