Friday, 9 November 2012

Are the Paradores headed for privatization?

Parador at León, in the old
Monastery of San Marcos
Paradores, one of the jewels of Spanish tourism
MADRID The Minister for Industry, Energy and Tourism, José Manuel Soria, confirmed earlier this week that 'logically' the Paradores that under renovation or construction would be finished. But at the same time he said that the Government was 'not contemplating any new building work'. He even said that, given the 'delicate' situation they are going through, privatization has not been eliminated. The Minister, interviewed at the World Travel Market fair in London, added that there are 'restrictions' surrounding privatization, as some of the Paradores are within buildings that are not owned by the State. "We'd have to look into it on a case by case basis, but nothing has been discarded.">>>

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