Tuesday, October 18, 2016

Instability in other destinations creates a bubble in Spain – Reuters Spain

MADRID (Reuters) – Exceltur, employers ‘ association of the major tourist companies in Spain, said Tuesday that the diversion of tourists to other mediterranean destinations less stable towards Spain is creating a bubble in the beaches and national has reached its limits in some coastal areas.

“This summer we have lined certain limits sobreafluencia desk, that have affected the timely citizen sentiment and the tourism model of some reference targets,” said Exceltur in its quarterly report on the sector.

While the arrival of tourists to Turkey and Egypt has plummeted 40.7 per cent between June and August, according to the report by Exceltur, the demand in Spain has grown at around 10 per cent in this period, with occupancy rates of over 90 percent in some areas.

according To data latest available data from the INE, in the first eight months 42.3 million tourists came to Spain, an increase of 11.1 percent over the same period of the previous year.

Exceltur estimates that 2016 will end with a new all-time record of 75 million international visitors, of which about 12 million are tourists “borrowed” that have stopped to visit the mediterranean countries more exposed to the insecurity due to terrorism.

“This lawsuit borrowed and accumulated since 2010, when they spring the arab spring, already accounts for 16 percent of the total tourists,” said Exceltur in your note to add that this situation reveals “a situation of demand is very uncertain, which can reverse at any time.”

BREXIT, NO SIGNIFICANT IMPACT UNTIL THE TIME

Exceltur said in its note also that the Brexit has not had until now an impact on the whole of the Spanish tourism industry. Continued…

LikeTweet

No comments:

Post a Comment