The number of hotels for sale in Spain was up by 19% in October against March, according to property portal Idealista said on Friday.
In the Balearic Islands, the number of hotels on sale rose by 84% over the period, while for Andalusia the increase was 45%. Overall, 557 hotels were on sale in the country as of October, 101 of them in Catalonia, Idealista said.
Almost a third of Spanish hotels were closed in October, according to data from Spain’s National Statistics Institute.
Overnight stays in hotel establishments decrease by 83.3% in October compared to the same month in 2019.