Hotel chain boss in Spain calls for doubling of tourism investment in wake of UK market slowdown

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HOTEL CHAIN BOSS: Says Spain needs to double the resources it puts into tourism. File image. Photo credit: Shutterstock


SPAIN needs to double the resources it puts into tourism if it wants to keep the sector growing in the face of a slowdown from the major travel markets like the UK and Germany.

This is the message sent by major industry figure Gabriel Escarrer, president of the Exceltur pressure group and CEO of Meliá hotels.

He warned that investment has been stagnant for years at 0.25 per cent of GDP, when the sector provides more than 10 per cent of national wealth. That is why Exeltur has asked for more political and economic attention.

While the sector was showing annual growth of up to 5 per cent in recent years, that figure dropped to 2 per cent in 2018, with this year forecast to see a rise of 1.7 per cent.

 

2 COMMENTS

  1. SPAIN IS PRICING ITSELF OUT OF THE MARKET, ESPECIALLY COSTA DEL SL, GETTING GREEDY. PEOPLE CAN ONLY STAND SO MUCH. LOTS MORE PLACES TO GO, AND CHEAPER AND TRUE STAR SYSTEM.

  2. Rental of property made much more difficult at the behest of the Hotellier’s, little wonder the number of tourists are reducing. Shortage of capacity and high prices because availability has reduced. The law of unintended consequences.

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