Visitors to Lanzarote surged during the winter months of January and February – up by 11% compared to last year with a 16.7% increase in British visitors.
All this despite the current financial climate caused by the so-called “credit crunch” – the reduction in the availability of loans or their increased cost caused by the subprime mortgage financial crisis – meaning less money to go around and thus causing worries amongst the property market that this may have meant a downturn in visitors or even buyers.
Thankfully, this is not the case – as the leading island property portal, Lanzarote Guidebook, reported. With these two months normally being the quietest of the year, the hoteliers association (ASOLAN) were pleased to see record occupancy of some accommodation types.
And if it’s good for the tourists, then it’s going to be good for the investors…
