Overseas property news - Holiday bargains on spain's costas

Holiday bargains on spain's costas

Hotels slash rates in desperate bid to boost business as Brits start to look outside the Eurozone for their holidays...

Tourists to Spain this summer are set to benefit as hotels cut their rates by up to a third to counter the Pound's fall against the Euro.

According to reports in the Daily Express, Spanish tourism chiefs are worried that Brits will choose resorts outside the Eurozone this summer such as Turkey and Egypt.

Mid-range hotels in Benidorm, one of Spain's largest resorts are offering rooms with full board in July for just £45 per night.

The British market is key for Spain, but with the poor value of the Pound against the Euro and the current economic climate the tourist industry fears people may drop the Costas in favour of other locations this year if attractive deals aren't offered.

Alicante is one region which is heavily dependent on tourism and one million Britons flock there every year, making up 50 per cent of all overseas tourists.

The Costa Blanca Tourist Board has revealed that tourist numbers were down 300,000 last year compared with 2007, and hotels registered a 20 per cent drop in guests. They now fear this year could be even worse.

Also in the Canary Islands, which are famous for their winter sun, there has been a fall in the number of visitors so far this winter by 15 per cent, while in the Costa del Sol winter tourists are down by 17 per cent.

According to figures from the foreign office around 12 million British tourists visit Spain every year - accounting for almost one in three tourists to Spain.

In order to ensure visitor numbers don't drop further there are a lot of competitive deals in Spain at the moment as it is still the number one choice for British holidaymakers. However, for those who want to take advantage of these offers the message is to get in quick.

Owners of holiday homes in Spain may also need to bear in mind these attractive hotel deals when setting their rates for summer 2009, and may also need to give special offers if they want their property occupied throughout the summer months.

Source: Homes Worldwide

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