The fourth edition of the " Mobile World Congress " which took place last week in Barcelona only reached a 85 % occupation rate of the apartments of Barcelona against almost 100 % for the previous years as well as the number of visitors which decreased from 55000 to 5000.
Furthermore, to fight the current economic crisis and to assure a maximum occupation rate during the event, the high season rate generally applied during the GSM have been lowered to medium season rate, and the accomodation prices decreased from 60Euros to 50Euros per person and per night.
This decline of profitability is not only due to the fall in demand but also because the competicion is more important due to the fact that the last few years, the number of "holiday apartments" increased considerably in Barcelona.
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