Spain Papers Review - Wednesday December 3 2008
The new bad unemployment numbers dominate most of the front pages in Spain this morning.





Spain Business Brief - Wednesday December 3 2008
Consumer confidence falls in November in Spain.

Spain News : Costa Blanca

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British tourists save the winter season on the Costa Blanca
By h.b. - Oct 15, 2008 - 7:51 AM

Tourists on a Benidorm beach - Archive Photo EFE

Many of the British bookings for this winter were made before the credit crunch broke.

Información newspaper reports today that it is British tourism which is saving the winter season on the Costa Blanca. The paper says that 65% of hotel places have already been reserved by British tourists, with many of the reserves being made before the financial crisis arrived in London.

However as the credit crunch and financial crisis continues, local tourism chiefs have decided to launch next summer’s prices at the same level as this year, anticipating a fall in demand.

That said a 3% price increase was imposed by local hoteliers with British tour companies for next summer, and there is considerable concern at how the financial crisis will affect the domestic market which traditionally decides on holiday bookings at the very last minute.

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