The price and employment of 4 and 5 star hotels in Barcelona will fall to 26%

As an effect of the recession of the touristic activities in big cities all over the world, the price and employment of the 4 and 5 star hotels in Barcelona will fall about 26% on average, according to Jones Lang, consultant of the LaSalle Hotels. The negative trend of the year 2008 will intensify even more and the hotel market will have to absorb about 3.600 rooms in the Catalan capital, of which 47% will be 5 star establishments.