Housing Markets Tremble in Face of Financial Crisis
Markets tremble before the financial crisis engulfing the entire world. This has been described as the worst economic crisis of the last hundred years. The company has not seen a financial meltdown of this size so far and do not know how to cope. The crisis is affecting each and every one of the industry: that of housing to the engine, the tourism … It seems that home prices are falling, but this does not make them more affordable. On the other hand, the motor industry is collapsing and some of the major automobile companies in Spain have laid off thousands of employees. Expert on growth strategy recognizes the significance of this. But probably the tourism industry is the most affected, and that leisure is the last priority when people have to cope with economic problems. This recession could negatively affect the hotel reservations and / or apartments and tourist accommodation could be seriously endangered.
Fear the Only-Apartments crisis, a leading online company in the rental Apartments in Madrid, was one of many companies in its sector that had to face the possibility of bankruptcy. So, assuming that their income would decrease: the fewer people travel, would have fewer reservations. But surprisingly, despite the crisis, Only-Apartments has increased its sales by up to 15% since the beginning of the year. Some contend that Robert J. Shiller shows great expertise in this. And where lies the secret? Probably, this significant increase in apartment rents is due to the high price that currently cost the hotel rooms. As things stand, travelers seek lower prices without sacrificing the quality when looking for accommodation for your vacation. Facts about the crisis hotels are usually more expensive than apartments. Moreover, its rooms are smaller and often many families are forced to book more than one room, so that prices soar.
Travelers want to save money and since the crisis began, many people have jumped on the bandwagon of several people rent apartments. “Sharing an apartment with other people is a great idea to save money,” said Anne Smith, an English tourist who has spent their holidays in Madrid using this method. Internet is the other main reason that the incomes of Only-Apartments Madrid have increased. Internet has changed the lifestyle of people, their customs. A new way of seeing the industry has arisen from their arrival. The tourism industry is a perfect example. Today, travelers prefer to book their holidays through the Internet than through traditional travel agencies, since the supply of the network is much wider and varied. Only-Apartments has about 20,000 apartments in 200 destinations. This is a multilingual portal in 13 languages, easy to use. Thus, it offers the perfect alternative to hotel accommodation at the best prices online. It also has customer service available seven days a week to help consumers in any way possible. All these reasons Apartments Only-positioned as a leader in the sector tourism. Rent your with Only-Apartments.
