The tourism sector and its particular crisis
Posted: Tue Dec 17, 2024 6:40 am
It is clear that no sector is immune to the slowdown in the Spanish economy. While construction, the driving force of the dynamism of recent years, is facing a difficult adjustment, another pillar of activity in Spain, tourism, is already feeling the consequences of the new cycle.
The advance of Easter to March and the leap year (February had one more day) have dampened the results of the first quarter of 2008 for the Spanish tourism sector, which, however, grew by only 1.7%, compared to an average of 2.5% last year, according to data from Exceltur.
More than half of tourism entrepreneurs cash app data believe that the results of this Easter have been worse than those of the previous one. And although the influx of foreign visitors has decreased slightly (less than 2%), spending is lower and income per visitor tends to decrease alarmingly.
The Business Tourism Climate Indicator has registered negative values for the first time in six years. The agents in the sector expect a deterioration in activity in the coming months. Above all, due to the sharp reduction in sales and profits that they have begun to see at the start of the year. We can see in our neighbourhoods how well-known travel agencies (Viajes Iberia, Viajes Ecuador, Viajes Marsans or even Halcon Viajes) are beginning to close… Yes, first it was the Real Estate offices and now it seems that it is the turn of the travel agencies to close. Other chains that were born under the false formula of the “franchise” (There are no travel agency franchises… it is false) are also beginning to close (Almeida Viajes, Zafiro Tours, Viajes “Tio Pepe”, etc.).
You may also be interested in: Virality, monitoring, social action...how to have an impactful blog?
The oversupply of tourists, competition from new emerging destinations and the appreciation of the euro against the dollar have forced many companies to adjust their margins to remain competitive, just at a time when inflation is experiencing strong year-on-year increases. Thus, 48% of business owners admit to having suffered a drop in the profitability of their business.
The advance of Easter to March and the leap year (February had one more day) have dampened the results of the first quarter of 2008 for the Spanish tourism sector, which, however, grew by only 1.7%, compared to an average of 2.5% last year, according to data from Exceltur.
More than half of tourism entrepreneurs cash app data believe that the results of this Easter have been worse than those of the previous one. And although the influx of foreign visitors has decreased slightly (less than 2%), spending is lower and income per visitor tends to decrease alarmingly.
The Business Tourism Climate Indicator has registered negative values for the first time in six years. The agents in the sector expect a deterioration in activity in the coming months. Above all, due to the sharp reduction in sales and profits that they have begun to see at the start of the year. We can see in our neighbourhoods how well-known travel agencies (Viajes Iberia, Viajes Ecuador, Viajes Marsans or even Halcon Viajes) are beginning to close… Yes, first it was the Real Estate offices and now it seems that it is the turn of the travel agencies to close. Other chains that were born under the false formula of the “franchise” (There are no travel agency franchises… it is false) are also beginning to close (Almeida Viajes, Zafiro Tours, Viajes “Tio Pepe”, etc.).
You may also be interested in: Virality, monitoring, social action...how to have an impactful blog?
The oversupply of tourists, competition from new emerging destinations and the appreciation of the euro against the dollar have forced many companies to adjust their margins to remain competitive, just at a time when inflation is experiencing strong year-on-year increases. Thus, 48% of business owners admit to having suffered a drop in the profitability of their business.