The hotel industry in Spain, like in several other countries, is going through a terrible crisis right now. But experts working with the tourism consulting wing of CBRE, claim that by the year 2022, the same will return back to the highs of the pre- COVID- 19 levels. This year though there is no reprieve, with Exceltur’s internal marketing research projecting a staggering eighty- one percent drop in tourism activities. This could in turn affect up to one- hundred and fifty million Euros worth of business. One important task ahead for industry members has to be, the fixing of Brand Spain. The hope is that in coastal and leisure areas, the recovery would be quicker. Domestic tourism would also contribute to some boost, with maximum Spaniards visiting Andalusia, followed by Catalonia. Some areas such as the Canary Islands, Costa del Sol, Costa Brava and the Balearic Islands will have to hit back with competitive pricing. A lot will also depend on destination diversification.

Source:https://www.tourism-review.com/spanish-hotel-industry-to-recover-within-2-years-news11516

Uploaded Date:13 May 2020