Tuesday, 01 March 2016 08:38

Hotel Building Spree Could Create 100,000 Canary Islands Jobs

Rate this item
(0 votes)
New hotels New hotels www.photosgrancanaria.com

If the Canary Islands lift the self-imposed moratorium on building new hotels and tourist accommodation, they could generate up to 100,000 stable jobs within 10 years, according to a study by local think tank CATPE.

 The study suggests that the islands could add 70,000 new beds over the next decade and generate 100,000 jobs plus another 10,000 jobs during construction. Enough, it says, to put the Canarian economy back on an even keel.

The CATPE report is unlikely to sway people opposed to new development. These are divided between environmentalists who say that the Canaries have already sacrificed enough of the environment, and people who favour regenerating existing resorts rather than building new ones.

CATPE, an unashamedly business-friendly organisation, estimates that new hotel beds would account for around half of the new jobs, with others coming from new theme parks, shopping centres and other tourist related businesses.  

It is currently illegal to build any new hotels or tourist accommodation in the Canary Islands that isn't 5-Star or above. 

However, there is little doubt that the moratorium has affected Gran Canaria as its hotels are full and it cannot match the demand for 4-Star accommodation.

Pressure to remove the moratorium is building fast as the islands are effectively full and unemployment is high. Environmentalists are sharpening their barricades in preparation for an epic tussle, arguing that the island should focus on sustainability and regeneration rather than new concrete.

So what are they going to build, and where?

There are around 20 projects at different stages of planning. They include the new water park at El Veril, a vast all-inclusive resort by El Berriel, an artificial windsurf lake, the redevelopment of Faro II shopping centre, and the eventual redevelopment of the Arguineguín cement factory into a luxury resort.

Developers are also eyeing the area between Pasito Blanco marina and Arguineguin town. 

A lot of the plans that were in place before the moratorium took effect 15 years ago are at the bottom of this 157-page PDF document that contains San Bartolome's Plan For Modernisation, Improvement & Increased Competitiveness. It's a fun read, honest. 

Read 13476 times Last modified on Tuesday, 01 March 2016 10:39
Published in News
Login to post comments

Join the Gran Canaria Info newsletter list

endanlfifrdeisitnoplptruessv

 

 

Follow us on Facebook

Tip of the day

  • Tip Of The Day: Avoid Bank Card Charges By Paying In Euros
    Tip Of The Day: Avoid Bank Card Charges By Paying In Euros

    Save money and avoid rip-off bank charges while in Gran Canaria by paying in euros when using your credit or debit card.

    Many bars and restaurants in Gran Canaria, and in almost all European holiday destinations, give you the option of paying in euros or in your home currency. Opting for your own currency, while it may seem like the safer option, can add as much as 5% to the bill as it triggers dynamic currency conversion. 

    DCC basically means that the exchange rate is calculated at point of sale rather than by your bank. It allows you to see the total cost of the transaction in your own currency but adds up to 5% to the total because it uses a terrible exchange rate. 

    Since the extra money is shared between your bank and the merchant, some places will automatically bill you in your own currency and hope you don't notice. You have the legal right to refuse and void the transaction should this happen. 

    ATMs too

    The same applies when taking money out of ATM machines in Gran Canaria (and anywhere in Europe); Always choose the local currency option to avoid losing money to poor exchange rates.

    If you opt for the local currency option, using bank ATMs is often the cheapest and safest way of getting euros in Gran Canaria. It's far safer than having a big pile of euros hidden in your room or tucked into your shorts.

    More details in this Daily Telegraph article.

Latest articles

Who's Online

We have 4509 guests and no members online

Login / Register

Take this website to the max, login or create an account now! By clicking on any Social Media platform logo, you can login with just one click.