With the new edition of Expofranquicia (the franchise fair of Madrid) right around the corner (April 19-21) it's a good moment to take a look at how the sector performed during 2011. A total of 1,079 franchises were active last year which means that it has kept on growing despite the general economic downturn (1,053 franchises in 2010 and 1,019 in 2009). Plus 145 new franchises entered the market whilst 119 left.
Total gross sales reached € 18,990 million, slipping slightly from the figures of 2010, € 19,167 million. The numbers per sector breakdown as follows: € 4,260 million in the service sector; € 11,152 million in retail; € 3,578 million in the hospitality industry.