THE best summer in the last 10 years of Costa Blanca’s tourism history won’t bring the financial benefit the area would expect due to the alleged large amount of unregulated flats and houses being rented out, said a report in Spanish Daily Informacion. This problem is worsened by the ‘all-inclusive’ packages that tourists book beforehand, that then limit their spending in local businesses.
According to the survey done by EXCELTUR, although unregulated rentals are widespread, in cities like Alicante it has surpassed the total number of regulated tourist businesses, reaching the alarming amount of 55 per cent of total bookings.
The tourists that this illegal business brings in are not even new; according to the report, they appear to be mostly returning tourists that would otherwise have paid for legal accommodation.
The report goes on to say that the negative consequences for jobs in the area are already a reality: up to five times more vacancies would have been created if legal businesses had taken the earnings. And to top it off, the state is losing thousands of euros in unpaid tax.