The data on tourist movements at borders (Frontur) made public by the Spanish statistical institute show that the figures for the end of 2022, which are close to 72 million registered tourists, are still 14.3% below those recorded in 2019, a record year for Spanish tourism in which 83.7 million foreign visitors to our country exceeded 83.7 million. For the Minister of Industry, Trade and Tourism, Reyes Maroto, these data…
Between January and November of last year, Spain received more than 67.4 million international visitors, with their spending exceeding 81 billion, the National Statistics Institute (INE) confirmed yesterday. This is a good figure when compared with the same period last year, when 28.2 million foreign tourists were received. However, if it is compared with the same period in 2019, before the coronavirus paralysed the world, the figure is somewhat less…
Link Securities | On Monday, Iberia (IAG) chairman Javier Sánchez-Prieto warned about the implementation of asymmetric sustainable policies in Europe, which could be a drag on Spain’s tourism business, the daily Expansion reported. Specifically this could mean the loss of up to 11 million tourists and 450,000 jobs, according to Deloitte. Imposing taxes on flights within the European Union (EU) would be prejudicial for those companies which operate in the…
Renta 4 |Spain overnight stays in July almost at levels of same month 2019 1-. The number of visitors to Spain in July was almost (-2%) on a par with that of the same month in 2019, although prices are very much higher (+21%). 2-. The figures are significantly better than in 2021 (+61%), confirming the trend of recovery of 2019 levels versus previous quarters: Q1’22 (-22%) and Q2’22 (-6%)….
Spain welcomed 7.5 million international tourists in June, more than tripling the figure recorded in 2021 of 2.2 million, according to the National Statistics Institute on Tuesday. Tourism spending in June totalled 8.933 million euros, up 271.3% year-on-year. The UK was the country of residence of the largest number of visitors to Spain, namely 1.8 million, representing 24.2% of the total and a 1.165,9% increase on June 2021. Germany and…
Spain was visited by 6.1 million international tourists in April, more than nine times the figure for the same month last year (+869.8%), when 629,000 foreign tourists arrived in the country, according to data published by the National Statistics Institute (INE). Total spending by international tourists visiting Spain in April reached 6,901 million euros, an increase of 932.4% compared to a year earlier. With this new upturn in April, the…
Bankinter | The Q1 2022 results reflect a greater impact from inflation on costs. For that reason we are lowering our estimates (-6% at EBIDTA level) and target price -5% to 7,76 euros/share. That said, we believe that the share price has over-reacted (down 10% since the publication of results). So it’s a good opportunity to take positions in the stock. The news flow will improve in the coming months….
CaixaBank Research (Pedro Álvarez Ondina) | Spain’s tourism industry has developed exceptionally in recent years, becoming one of the country’s main sources of business, income and employment. However, this strong development had also led to the emergence of some negative actions and social unease regarding the role played by tourism at certain destinations and moments until, in 2020, the coronavirus crisis paralysed the sector’s activity and highlighted its social and…
Renta 4 | Consultancy STR and Cushman & Wakefield have carried out a study on the hotel sector in Spain, comparing estimates for 2021e with the figures for 2019. Revenue per room (RevPar) in 2021e will be around 43% of the 2019 level, mainly due to the decline in occupancy (-43,4 pp vs 2019 to 36%) as prices would remain around 2019 levels. At Renta 4 Banco we expect less of a…
For the first time since the start of the Covid-19 pandemic, Spain’s two largest cities, Barcelona and Madrid, have generated more hotel bookings than during the same period two years ago, reaching 111.68% and 102.03% of 2019 figures respectively, as of 24 October 2021, SiteMinder’s World Hotel Index reveals. These figures show the strength of Spanish destinations, beyond the coastal cities of sun and beach tourism, where travellers have already…