Tourism will continue to underpin the Spanish economy in the long term
The tourism industry will continue to underpin the Spanish economy in the long term due to “investment and enthusiasm” that the country shows to this activity. So says the consulting firm HVS in a special report which highlights that the tourism sector in Spain is leading the recovery.
The report “Spain – The tourism industry is heading the recovery” highlights several facts and figures, including the following:
2014 was the second consecutive year that Spain has set a record in foreign tourist arrivals , reaching 65 million passengers (+ 7.1%)
Spain is the second country in the world with over World Heritage listed by UNESCO; It is the third most visited country in the world and second in revenue from foreign tourism
Tourism is “considered a strategic sector by the government, which has recently adopted new rules to boost growth through the Comprehensive Plan for Tourism and the law governing coastal areas. ”
The IMF expects that the Spanish economy will grow by 2% in 2015 and 1.8% in 2016, which Spain would be the country with the highest GDP growth in Europe.
The outlook for the tourism sector face the coming years are ” very positive , with the provision of a consistent recovery in international demand (thanks to improved economic conditions) and a continuous increase in international visitors, due to the consolidated image the brand Spain , focused policy actions and the arrival of international operators “, says HVS.
The report also includes graphs and tables on seasonal tourism, the evolution of travelers and overnight stays from 2009-2014, the offer of hotels, distribution overnight hotel by autonomous communities; evolution of the occupation rates and RevPAR from 2010-2014 (data also segregated communities and by category of establishment).
In addition, as highlighted by HVS in its report, ” major regulations affecting new hotels and apartments for rent to tourists will be implemented in all major regions in order to protect operators and ensure a healthy and balanced development of supply ” .
“With tourism accounting for 25% of all new jobs created in Spain in 2014 , the sector remains firmly positioned as one of the country’s most important economic sectors, “says HVS.