topics
tools
Expatica countries
editor's choice

NS fears empty trains

40.000 signatures to prevent early release of Fortuyns killer

Dutch unemployment up sharply

Listing of international schools in the Netherlands

Guide to public transport in the Netherlands

Index Last Var.(%)
BEL 20 2117.66 -0.08
DAX 6323.19 -0.26
IBEX 30 6401.2 -2.17
CAC 40 3042.97 -0.16
FTSE 100 5356.34 0.09
AEX 292.76 0.00
DJIA 12454.83 -0.60
Nasdaq 2837.53 -0.07
FTSE MIB 13057.26 -0.74
TSX Composite 11566.15 -0.09
ASX 4136.7 0.40
Hang seng 18828.28 0.15
Straits Times 2788.61 0.05
ISEQ 20 501.76 0.16
You are here: Home Leisure Travel & Tourism Financial crisis tests Spain's love of fiesta

Travel & Tourism

archive
Enlarge font Decrease font Text size


07/10/2009Financial crisis tests Spain's love of fiesta

Financial crisis tests Spain's love of fiesta In Spain, where late-night eating and drinking is so much a part of the culture, the wining and dining sector has been hit badly albeit less than others.

It's 11:00 pm in the Biotza bar and restaurant in Madrid's upscale Salamanca district and the place is bustling with dozens of office workers, couples and groups of friends kicking off the four-day Easter weekend in an exuberant mood.

Customers munch on tapas, tasty Spanish appetizers such as Iberico ham with mozzarella, fried squid, anchovies with goat cheese and green peppers or fried aubergines with honey -- all washed down with wine or beer.

But where a few months ago it might have been standing room only, tonight there is still space at the bar and only a few of the 29 tables in the restaurant area are occupied.

"There are about 60 people here tonight, which is about 20 percent down on what we would expect on a night like this," complained Manuel de la Calle, head waiter at the smart modern eatery, located near some of central Madrid's designer boutiques.

The restaurant's profits have fallen about 10 to 15 percent in the past 8 months, he said, since the global crisis began to pummel the Spanish economy, already weakened by the collapse of the once-booming property market.

Today, the Biotza has cut prices to keep its clientele. "We also started offering tapas in the restaurant area as well, instead of just at the bar," de la Calle added.

Biotza is not the only establishment facing hard times.


According to figures from the National Statistics Institute, sales in the food and beverage sector began falling last year. They were down 8.2 percent in December and 5.2 percent in January from a year earlier.

A poll published in the ABC newspaper Sunday found 48 percent of people had cut spending on entertainment since the crisis. Roughly half those surveyed said they were spending less on food.

But in Spain, where late-night eating and drinking is so much a part of the culture -- lunch can last until 5:00 pm and dinner often does not get underway until at least 10:00 pm, and can run into the early morning hours -- the sector may be less badly hit than others.

"Going out is part of life in Spain, rather like in France," said Raul, a 38-year-old lawyer, having tapas at the Biotza with his wife, Susanne.

"So if you compare it to other ways of spending money, bars and restaurants are less affected. But where they used to have profits in double figures, now they are in single digits."

Susanne, a 34-year-old university lecturer, agreed.

"People here think, 'OK, so I don't have money, but what I have I can spend in a bar,'" she said.

Luis Adiego, the co-owner of La Cueva del Bolero, a cellar music club also in the Salamanca district, said the drop-off was more evident between Monday and Thursday.

"Before the crisis, people would go out every day,” he said. “Now, they focus on the weekend."

Biotza's de la Calle agreed, and said many of his customers were also switching from wine to beer, which is cheaper.

Cinema attendance is also suffering. Last year, 14.3 million people went to cinemas, down 1.4 million from 2007, according to the culture ministry.

A few bright spots

Still, winners are emerging from the new spirit of frugality.

As bars and restaurants see their sales decline, fast-food establishments and takeaways are profiting as people opt for less expensive options.

That includes McDonald's, which reported its sales climbed almost 7 percent last year in Spain -- where it opened 17 new restaurants. Another American fast-food chain, BBQ Chicken, announced plans last month to open 30 eateries in the country.

For his part Carlos Padura, owner of the Diurno takeaway sandwich bar in Madrid's chic Chueca district, said his sales of food and beverages have been stable since the crisis.

But three other eateries on the same street have closed in the past six months, he said.

"The quality did not match their prices,” said Padura. “In a time of crisis this becomes more noticeable"

Spain slumped into its first recession in 15 years at the end of 2008. The country's unemployment rate hit 15.5 percent in February, the highest level in the 27-nation European Union.

The Bank of Spain has predicted it will reach 19.4 percent next year as the recession deepens.

"Everyone knows someone who has lost their job," said Susanne.
But for now, the party continues, albeit at a slower pace.

"Going out is going out," said Gonzalo, another Biotza customer. "The fiesta is the fiesta."

Denholm Barnetson/AFP/Expatica


0 reactions to this article

Be the first person to add a comment

General rating: Not rated yet

Rate article:    Add my rating



0 reactions to this article

Be the first person to add a comment
Leisure essentials
Leisure expert Q&A
ask your question
Leisure A-Z listings
find the business you need
Discussion Forums

Americans in the Netherlands

reporting birth abroad

Relocating to the Netherlands

Taxation on Rental Apartments!

Housing in the Netherlands

Taxation on Rental Appartments?

Discuss Dutch Culture

High-quality fake passports, driver's licenses, ID

English in the Netherlands

Moved to Hengelo

participate in the forums

Inside Expatica
Setting up home in the Netherlands

Setting up home in the Netherlands

A guide to telephone, internet and television along with utility services water, electricity and gas in the Netherlands.

Dutch immigration and residency regulations

Dutch immigration and residency regulations

Lost in the Dutch immigration system? Look no further than this guide compiled for our Survival Guide 2012.

A brief introduction to the Netherlands

A brief introduction to the Netherlands

Expatica offers a whistle-stop tour of life in the modern Netherlands.

Giving birth in the Netherlands

Giving birth in the Netherlands

The challenges and benefits of the maternity system in the Netherlands and how it differs to other countries.