Spanish Tourism to Lose at Least 50 Billion

The COVID-19 pandemic could have an influence of 54,733 million euros on Spanish tourism GDP in 2020, dropping 32.4% in comparison to final year in accordance to forecasts from the Alliance for Excellency in Tourism (EXCELTUR).

Of this range, fifteen,595 million correspond to oblique functions, such as suppliers and other brokers related to tourism. The group has taken into account forecasts from numerous institutions, such as the Polytechnic University of Valencia, which take into account that coronavirus cases will not arrive at a peak right up until the stop of Might, therefore, vacation limits, social distancing and isolation will continue.

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