Hotel changes and Chinese investment after the great crisis in Spain: The GPRO Valparaiso Hotel case study (Mallorca)

Abstract

[eng] The Spanish hospitality sector has suffered a lot during the great economic crisis in 2008 while Chinese investments have played an exceptional role worldwide and have been paramount at that time. This study monitors the evolution of the Spanish hospitality sector after crisis and the internationalization of Chinese foreign investment using Geographic Information Systems. The investigation focuses on the changes in the Spanish hospitality sector and the role of Chinese capital in those changes. Then, Hotel Valparaiso case study, acquired by Chinese capital in 2014, is chosen for in-depth investigation, which combines the analysis of inner data of the hotel and interviews among different shareholders. It can be concluded that the outbreak of economic crisis did help Chinese investors to get into the Spanish hospitality sector to some extend and it is an essential sector for the beginning of Chinese overseas investment.