CaixaBank Hotels & Tourism, the bank’s dedicated unit for the tourism industry, provided €1.75 billion in loans to hotels and tourist accommodations during the first half of 2024. This represents a 43% increase in loan volume compared to the same period last year, with a total of 1,900 loans granted across Spain.
The funding was primarily allocated to projects aimed at renovating tourist facilities, acquiring hotels, and implementing innovations and sustainability initiatives. It also supported the daily operations of businesses through working capital products. The Balearic Islands, Catalonia, the Canary Islands, Andalusia, and the Community of Madrid were the top recipients of CaixaBank’s credit in the sector.
With a loan portfolio of €8.4 billion and over 12,000 clients, CaixaBank Hotels & Tourism is a leading player in this market segment. Last year, the bank set a record by granting €2.85 billion in loans to the sector, marking its highest annual allocation for tourist accommodation financing.
These results underscore CaixaBank’s strong commitment to the tourism sector, demonstrating confidence in its recovery and growth. The bank not only finances projects but also addresses the sector’s specific operational needs and supports strategic priorities, including green transition efforts.
Specializing in the tourism industry, CaixaBank Hotels & Tourism is adept at quickly identifying and responding to the needs of hotel businesses. The bank offers tailored services through a team of over 30 hotel market specialists and more than 2,200 business consultancy experts.
The unit also focuses on sustainable projects, including energy efficiency, accessibility improvements, and waste management. Initiatives like the “ReUtilízame” (ReUseMe) program facilitate the donation of surplus materials to social organizations.
CaixaBank Hotels & Tourism maintains partnerships with over 40 hospitality federations and associations and participates in major international tourism events such as Fitur, WTM, and ITB. It is also a member of UN Tourism, which promotes responsible and sustainable tourism.
