Crossword Genius

The Spanish slump in hotel industry initially requires capital (8)

Ross

I believe the answer is:

helsinki

'capital' is the definition.
(Helsinki is an example)

'the spanish slump in hotel industry initially' is the wordplay.
'the spanish' becomes 'el'.
'slump' becomes 'sink' ('sink' can be a synonym of 'slump'**).
'in' means one lot of letters goes inside another.
'initially' says to take the initial letters.
The first letters of 'hotel industry' is 'hi'.
'el'+'sink'='elsink'
'elsink' inserted into 'hi' is 'HELSINKI'.

'requires' is the link.

(Other definitions for helsinki that I've seen before include "Foreign city" , "foreign capital" , "port" , "Main city of Finland" , "European capital, venue for the 1952 Olympics" .)

I've seen this clue in The Telegraph.
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