Monday, March 20, 2023

Growth levers for Spanish tourism in 2023

“There is still room for tourism to grow in 2023.” since CESAE Business & Tourism ScHoolLet us say that after a turbulent 2020, 2021 and 2022, the sector, which contributes 13% of Spain’s GDP or 150,000 million euros, will see more stable growth.

According to the CESAE Business and Tourism School, “All these factors invite us to be optimistic. Economy as well as tourism activity should pick up again from Q2 2023, However, we must always be prudent and since the outbreak of the pandemic, two months of planning seems too much.

“2022 has been a year of recovery for tourism,” explains Alberto Paris, executive director and founding partner of the School of Business and Tourism, which has already registered figures similar or higher than those presented in 2019, adding that “This, along with the fact that our country’s recession appears to be much greater than has been dismissed by the vast majority of analysts, leads us to more optimistic with the development of the field,

recovery of traditional markets

in Tourism GDP will exceed double digits in 2023 before pandemic, which would mean more than 158,000 million euros, indicates Caixbank Research. They from the CESAE Business and Tourism School say it would be possible for British tourism, Spain’s main source market for tourists, and German tourism to recover.

The British and Germans will remain loyal to their favorite destinations: the Balearic and Canary Islands

“Despite inflationary concerns, British and German will remain loyal For his favorite destinations: the Balearic and Canary Islands. their arrival will be added tourists from other markets nearby countries such as Italy, Ireland, France and Portugal, which are already at pre-pandemic levels, and non-European tourismSome visitors who, in addition to the depreciation of the euro, offer the most growth potential for some reinforced tourist destinations”, says Alberto Paris.

In this sense, there appears to be a normalization of interest in travel to Spain from the US and Japanese markets, which remain ‘closed’ until the second half of 2022. From the School of Business and Tourism they state that “The United States, Japan, Korea or Canada could make additional contributions to the region’s growth this year.without denying the wonder that it could be that chinese market Get well again in 2023”.

Nation World News Desk
Nation World News Desk
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