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Tourism sector

Spain tourism

Spanish economy 17th July 2019

International tourism in Spain: from quantity to quality?

CaixaBank Research | The strong growth in international tourism which Spain has experienced is having a positive impact on economic growth and employment. However, it is also generating impacts on the resident population which are not always positive, as shown by the increasing congestion in certain parts of Spain caused by the high numbers of tourists. This has revived the debate over the need to move to a higher quality of tourism.
What do we understand by quality tourism?

 

Tourism spending in Spain

Spanish economy 16th May 2019

Spain’s inflation takes off thanks to Easter tourism

The Consumer Price Index (CPI) in Spain rose 1% in April compared to the previous month and raised the yoy rate by two tenths to 1.5%, its third consecutive increase since February and its highest level since last November, according to the definitive figures published this Tuesday by the National Institute of Statistics (INE), which coincide with those advanced at the end of last month.

Spain's tourism

Spanish economy 31st January 2019

Spain’s Tourism-Related GDP To Rise Near 3% Between 2018-19, Outperforming The Country’s Economy

Spain has taken advantage of the global rise in tourism, becoming the second most visited country in the world after France. Close to 82 M tourists visited Spain in 2018, a level similar to 2017. CaixaBank expect the industry will be able to keep its number of international tourists at an all-time high in 2019. The evidence points to the sector posting GDP growth rates of around 2.6% in 2019, outperforming 2.1% of the economy as a whole, but below the growth recorded in the past few years.
Spain's tourism industry generated up to 20% of all new employment between 2014-18

Spanish economy 21st September 2018

Spain’s Tourism Industry Generated Up To 20% Of All New Employment Between 2014-18

One of the key supports for Spain’s economic growth during the recovery has been the strength of international tourism. CaixaBank Research predicts 3.4% growth in tourism-related GDP in 2018, outperforming Spain ’s economy as a whole (2.8% growth). This excellent performance has helped to create jobs: in the four years between Q1 2014 and Q1 2018, 396,000 new jobs were created related to tourism.

Spain tourism

Spanish economy 13th September 2017

What Spain’s tourism industry should keep an eye on

The tourism sector plays a very important role in the Spanish economy. And its prospects are positive looking ahead to the coming years, based on the different statistics available. That said, there are various elements which should make us reflect on whether the Spain’s tourism business is as well focused as it could be and if it is adapting easily to a changing reality.