Judit Montoriol-Garriga (CaixaBank Research)| There is no doubt that the pandemic severely affected the property market on the Mediterranean coast and islands throughout 2020 and the first few months of 2021. The slump in international tourism due to restrictions on travel and uncertainty regarding how the health and economic situation would develop have led to a significant decline in the number of foreigners buying residential properties in Spain, plummeting by…
spain foreign tourism
Spain’s government is confident that it can recover around 40 M international tourists this year, half the level recorded in 2019, when almost 84 M foreign tourists were counted. In this recovery, the health passport prepared by the EU for the summer will be a key factor. In fact, the tourism sector expects to recover around 7.5 M foreign visitors once the passport comes into force, which, added to the 19 million that arrived in Spain in 2020, leave the figures still far from those forecasts of 40M.
Boris Johnson’s government will impose a 14-day quarantine on travellers from Spain in response to the surge in reported Covid-19 cases in our country. This decision has fuelled discontent both in the Spanish government and in the tourism sector. This means about 12% of GDP, with the British accounting for 20% of all tourists. Furthermore, the Spanish industry could lose foreign tourism revenues of €8.7 Bn between August and September, reports the Spanish tourist institution Exceltur.
Spain received two million international tourists in March, 64.3% less than year earlier, after its borders were closed from the mid-month to curb the Covid-19 pandemic, according to the Statistics on Tourist Movements at Borders (Frontur). In 2019, Spain clocked up for the seventh consecutive year an all-time record in international tourist arrivals, with 83.7 million visitors. But with borders closed sine die, it seems that only domestic tourism can save the 2020 season.