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.