https://www.express.co.uk/news/world/10 ... spain-news
Tourist crackdown backfires: Barcelona hotels in crisis as income plummets 20 PERCENT
Hotel groups are horrified that the turnover of hotels in the city fell by a huge 20 per cent during August, with the luxury establishments being the worse hit.
It seems that crime in Barcelona is getting out of control. La Vanguardia (one of the main newspapers in the region) reported today that violent crimes in the Old City increased +50% YoY
https://www.lavanguardia.com/local/barc ... robos.html
Los robos violentos aumentan más de un 50% en Ciutat Vella
Thousands of companies have left Catalonia, most of them moving to Madrid. This seems quite similar to the Montréal - Toronto saga. This article is from December, but this has continued to this date. The only major company returning to Barcelona is Agbar (Aguas de Barcelona) which had previously moved to Madrid.
https://www.businessinsider.com/firms-q ... 17-12?IR=T
More than 3,000 firms have quit Catalonia amid its political upheaval
MADRID — Caixabank, Gas Natural and Banco Sabadell made headlines during the Catalonian political crisis when they announced they would move their registered offices out of the northeastern region of Spain that voted for independence in October.
But the three firms were not alone in deciding to move. Far from it. A total of 3,023 companies moved their registered offices out of Catalonia between October 2nd to December 13th, according to the data gathered by the Spanish Association of Registrars.
So after a year, is already Barcelona the new Québec? The Montréal effect seems to be in full swing.
https://www.bloomberg.com/gadfly/articl ... e-montreal
Catalonia and the Montreal Effect
Independence or not, capital may still take flight.
Will T1 in BCN become the new Mirabel Airport?