HOT BUSINESS IN SPAIN

HOT BUSINESS IN SPAIN

Spain , officially the Kingdom of Spain (Spanish: Reino de España), is a country in Southwestern Europe with some pockets of territory across the Strait of Gibraltar and the Atlantic Ocean.

What businesses or industries are hot in Spain ?

if you are interested in Spain or their businesses and industries , please keep reading !

Tourism Industry

Spain is known as one of the most favorite countries for tourism in the world. A major part of its economy depends on this industry. The annual revenue generated by this reaches 154,487 million euros by 2019. Tourism contributes to the country’s GDP up to 12.4%. The most attractive factor fetching tourists to Spain is its weather. The weather in Spain is much pleasant in comparison to the other European countries. People enjoy the sun even in the winter seasons while others are stuck in the piles of snow everywhere. There are floods of tourists in the summer season heading towards Spain, and particularly the Barcelona region. The places specifically having coastal lines are the most frequent recipients of the tourists.

There are other streams affiliated with the tourism industry. Approximately 2.72 million jobs have been created which is 12.9% of the total employment in the country. Spain ranks second in generating the highest revenue from tourism. The services related to this industry include travel guides, airlines, fairy tours, hotels, local tourist transports, taxis, air-fare services, restaurants, and seasonal rental services. All of these contribute a lot to the economy of Spain.

Another reason why people love visiting Spain is the year-round festivals. It would not be wrong if one calls Spain ‘a country of festivals’. A huge traffic head towards the areas associated with different festivities.

Hotels and Hospitality

The hotel business is one of the most dominant ones that compliment the tourism industry in Spain. Although this is a seasonal business, shutting down for a couple of months in the off-season doesn’t get much burden on the overall performance of the business. People with more investment opt for the hotel business. There are several employees associated with one unit which helps generate employment opportunities. Foreigners with multiple language skills are highly preferred in this kind of business as the customers range from all over the world. They have the choice to customized preferences while choosing a hotel in their selected area.

Bars and Restaurants

Bars and restaurants are the second dominant business in Spain. People with lesser capital investment as compared to the hotel industry opt for this line of business. This also relates to the bigger industries such as tourism and hotels. People coming from all around the world to celebrate their holidays in a pleasant atmosphere enjoy refreshments and meals in the bars and restaurants. Considering variations in the tastes, the majority of the restaurants offer a great variety of foods to their customers. Turkish food which is also known as ‘Doner Kebab’ is also common in that region. Although everyone likes that food the Muslims, in particular, go for this category to have halal food.

Superstores or Alimentaciones

There are two types of superstores in Spain; the first is brands or Marcas and the other one is private or individual. The former type establishes a chain of units with one identity. This is a growing business as it requires limited resources and capital for investment at the initial level. The Asian people are more likely to be involved in the second type of business. You can find a mini superstore in every single street of the populous areas.

Chinese Bazar

Another hot business trending high in Spain is Chinese shops which are commonly known as Chino basar. Where superstores are specialized in food items, the Chinese stores offer a huge range of daily life utility things such as home, kitchen, garden, tools, plastic and fabric material, and much more. Why is this business known as specified by this name? This is because of the dominancy of the Chinese over this category from the warehouses and suppliers who import these goods from China to the retailers with individual units. The Spanish people trust and prefer seeing a Chinese face selling in a Chinese Bazar. This is a profitable business with good margins as the Chinese are exempted from the sales tax for the first five years of doing business in Spain. The seasonal and year-round goods do not let this business go down in any of the time slots during the whole year.

Home delivery services

It has been witnessed that during the last year since the pandemic situation affecting the whole world, Spain is no exception. But still, there are a few businesses that flourish during these hard times. The home delivery services are one of those. The demand for these services has been increased tremendously. A great number of employment opportunities have been generated in this service sector. The preventive measures hold people to stay inside homes and get everything on their doorsteps on a single call or online order, whether it is a food item or other household necessity good.

English Language schools

The Spanish people have realized the importance of the English language as the need of the hour. The English language is now considered one of the most powerful communication tools to merge into the mainstream and gain success in the world. This has led to the trend of learning the English language. Now, you can observe numerous academies running in every town in Spain. Flexible hours, facilitating every age group, attractive packages, and mentorship of the natives help grow this business.

Hot Businesses and Pandemic Situation

There is the worst impact of the pandemic on the hot business in Spain. As I have mentioned earlier, Spain is a tourist country. It relies mostly on this industry for its economic stability. Due to Covid-19, the tourism industry has been damaged badly. Restricted travel movement, lockdowns, limited import-export, and controlled mobility of people have resulted in complete shut down of the businesses or very limited functionality. The small businesses are packed up and unemployment is at its peak.

Still there are a few businesses that are going on to the next level due to the same scenario. One of them is the home delivery services. The food supplies such as Pizza deliveries and other goods supplies such as Amazon shipments are the most common examples.