Search
The Caterer

Spanish state-run luxury hotel firm cuts spending to survive

07 January 2013 by
Spanish state-run luxury hotel firm cuts spending to survive

Spain's state-run luxury hotel chain Paradores de Turismo has been hit by the recession, with the Government announcing cuts in its services to ensure its survival.

Paradores has 94 luxury hotels in its portfolio, including monasteries and and palaces such as a restored 15th century convent within the walls of the Alhambra Palace in Granada.

The chain, which has been running since 1928, suffered a lost of £81m in 2012 alone, according to the Daily Telegraph.

Now it is laying off 350 staff and closing some properties at less profitable times of the year.

The Parador in Puerto Lumbreras in Murcia region of southern Spain will be closed permanently. Another 30 will be closed for between two and four months each year outside the busy seasons. In addition, at least 15 of the chain's restaurants will be closed.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.