Tourism sector

Spanish economy 24th January 2024

Bank of Spain warns of risks to tourism sector and conditions necessary to maintain competitiveness

BancaMarch: The Governor of the Bank of Spain (BdE) warns of the medium-term risks to the tourism sector and the conditions necessary to maintain competitiveness. Pablo Hernández de Cos spoke at the 10th Tourism Innovation Forum, referring to the importance of an economic policy framework that favours legal certainty. In a context of high growth in unit costs, which particularly affects a labour-intensive sector, coupled with falling productivity, this could…

Spanish economy 18th January 2024

Tourism sector increases contribution to Spain’s GDP to record high of 12.8% and emerges as main engine of growth

Banca March: In the absence of data from the INE (National Statistics Institute), Exceltur has published its outlook for tourism: compared to an average contribution to GDP of 11.9% between 2015-2019 and after registering highs of 12.8% in 2023, in 2024 the employers’ association expects these levels to be exceeded, reaching values of 13.4%. It is also estimated that tourism was the main contributor to the growth of the Spanish…

In Spain 4th October 2023

The most profitable tourism campaign in history: 20.2 million foreign visitors and €27,381 million

The average expenditure per tourist has consolidated this summer at over 1,300 euros, the highest figure since the National Statistics Institute (INE) has been recording data. Foreign tourism this summer (July and August) has left €27,381 million in cash, according to the information provided by the INE in the Tourism Expenditure Survey (Egatur), which released the data for the month of August this Tuesday, when a total of 10.1 million…

Relevant News Item, Spanish economy 3rd August 2023

Tourist numbers grow in Spain, but remain below 2019 figures

BancaMarch : The number of tourists in Spain has grown during the first six months of the year, but it is still below the 2019 figures. Nearly 38.5 million tourists have visited our country during the first half of the year, a figure that although 23.7% above the first six months of 2022, is still below the levels of 2019 (-1.6%). On a positive note, both total expenditure and expenditure…

European economy 5th July 2023

More than 8.2 M foreign tourists enter Spain in May (+17% over same month in 2022) with UK and Germany still below 2019 levels

Intermoney| The INE published the data on tourist arrivals in Spain during the month of May yesterday, with more than 8.2 million international tourists, 17% more than the same month of 2022 and 4% more than the same month of 2019. The United Kingdom is positioned as the main country of origin of tourists, representing 22% of the total and an increase of 10% over May ́’22. France and Germany…

Companies, Spanish economy 12th April 2023

Meliã expects to improve Easter Week figures by more than 20% compared to 2019

Alphavalue / Divacons | Last week the Spanish hotel chain was very optimistic about what will happen this Easter, in which after the recovery of tourism at international level, Meliã expects to improve the sales data recorded in 2019 by more than 20%. Particularly noteworthy are some national destinations such as the Canary Islands, where hotels have improved their occupancy and reached historic average figures. This was revealed by Meliã’s…

Spanish economy 3rd February 2023

71.6 million tourists visit Spain in 2022, spending €87 billion

The data on tourist movements at borders (Frontur) made public by the Spanish statistical institute show that the figures for the end of 2022, which are close to 72 million registered tourists, are still 14.3% below those recorded in 2019, a record year for Spanish tourism in which 83.7 million foreign visitors to our country exceeded 83.7 million. For the Minister of Industry, Trade and Tourism, Reyes Maroto, these data…

Spanish economy 5th January 2023

Spain receives 67.4 million tourists up to November with spending exceeding 81.8 billion euros

Between January and November of last year, Spain received more than 67.4 million international visitors, with their spending exceeding 81 billion, the National Statistics Institute (INE) confirmed yesterday. This is a good figure when compared with the same period last year, when 28.2 million foreign tourists were received. However, if it is compared with the same period in 2019, before the coronavirus paralysed the world, the figure is somewhat less…

Companies, European economy, Ibex 5th October 2022

The Implementation Of Asymmetric Sustainable Policies In Europe Could Mean The Loss Of Up To 11 M Tourists And 450,000 Jobs

Link Securities | On Monday, Iberia (IAG) chairman Javier Sánchez-Prieto warned about the implementation of asymmetric sustainable policies in Europe, which could be a drag on Spain’s tourism business, the daily Expansion reported. Specifically this could mean the loss of up to 11 million tourists and 450,000 jobs, according to Deloitte. Imposing taxes on flights within the European Union (EU) would be prejudicial for those companies which operate in the…

Spanish economy 25th August 2022

Spain almost recovered in July the number of overnight stays in 2019

Renta 4 |Spain overnight stays in July almost at levels of same month 2019 1-. The number of visitors to Spain in July was almost (-2%) on a par with that of the same month in 2019, although prices are very much higher (+21%). 2-. The figures are significantly better than in 2021 (+61%), confirming the trend of recovery of 2019 levels versus previous quarters: Q1’22 (-22%) and Q2’22 (-6%)….

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