Foreign demand slows but increases spending on target
Exceltur report indicates that if the increase in tourist spending is consolidated in the coming months it would be an indication that the Spanish tourist sector has begun a strategy of growth more sustainable and socially more acceptable. In the first quarter, total spending on destination of foreign demand increased 4.9%. The average tourist increase was also 4.9%, and 1% in income per day. By another laod, Easter also recorded a positive balance, as explained by the director of studies of Exceltur, Oscar Perelli. 73% of the polled entrepreneurs – the survey closed on 8 April – ensures that has improved its results and more than 65% sales, compared with the same holiday of a year earlier, thanks to the pull of national demand and despite the adverse weather conditions. In addition, generated more than 65,000 new occupations, one 4.3% increase. Em the first quarter was a sharp rise of foreign travelers in destinations inside, driven by improving connectivity. A trend that favored destinations such as Palma de Mallorca, Valencia, Seville, Murcia, CoruÃ±a, San Sebastian and Madrid, while “in Barcelona the recovery remains slow,” said Zoreda. In fact, more than 55% of employers recognize that they were worse than a year earlier. Exceltur, JosÃ© Luis Zoreda, Executive Vice President and director of studies, Oscar Perelli, presents the results of the tourist activity in the first quarter of the year. With respect to beach destinations, as it usually happens in the first months of the year, except Canary Islands which is in peak season, occupation is lower, but facing the coming months remains to be seen how affects them the recovery of competing destinations like Turkey or Egypt, as he said Zoreda, ay that both countries have recorded a growth of 40% between January and February. However, since this group they envisage that the strength of domestic demand will benefit most common destinations for international tourists. In this line, Zoreda create enclaves like Balearic and Canary Islands will “maintain a sustainable growth” with the recovery of domestic tourism. Looking to the next few months, Exceltur maintains the forecast announced in its previous report and estimates that 2018 tourism GDP will close with a growth of 3.3%, compared with 4.4% in 2017, which points out that it is above the estimate made by the Bank of Spain for the Spanish economy, which is 2.7%. The Vice-Chairman of this group, indicated that 61% of employers anticipated an annual improvement of sales; 45%, results, and 48% believed that it will keep the figures for the last financial year..