In the midst of the financial crisis, the news about Spain is bailouts, debt crisis, risk Premium and the banking crisis. Despite this situation, energetic new companies with exciting new products are appearing at a daily rate.
In the last 10 years, the trade deficit has been drastically reduced, Spanish companies are pivotal in the development of the Panama Canal, the first high-speed train between Mecca and Medina, off shore wind farms in Scotland, the number 1 flight booking site in the world and even the weather station for the Curiosity Mars Rover. Ironically during the banking crisis, Santander bank was voted number 1 bank in the world. Spain also is the number 1 country with installed solar energy and 4 with installed wind power.
Of course Spain is most famous for the sun and its golden beaches and the tourism industry is at an all-time high. Spain became the 2nd most visited country in the World with 82 million visitors in a country with a population of only 46 million. Tourism revenue were €74 billion.
For the past 5 years, Spain has shown a continued growth on high category hotels. Since 2015, the 4 star category has been the one that has increased the most, 10,9%. On the other hand, the 5 star category hotels increased 2,2%, overcoming the 300 assets.
It is for these reasons that BUIC capital management has chosen to focus on the growing Spanish market and help to develop investment portfolios with its team of experienced experts.