Tourism: Spain expects record levels this summer

The second largest tourist destination in the world before the Covid-19 pandemic, Spain expects to return this summer to the record attendance levels of 2019, after two years of health restrictions. But soaring prices raise fears of more difficult times once the summer season is over.

Gone are the days of half-empty beaches and hotels looking for customers: “the travel fever that has spread across Europe in recent months” has led to a “metarous rebound in tourist numbers”, has ensured on Wednesday the employers' organization Exceltur.

According to the Spanish Ministry of Tourism22.7 million tourists visited Spain in the first five months of 2022, seven times more than in the same period of 2021. And this dynamic should continue during the summer season.

"The number of reservations" suggests "good prospects for the high season", advanced the Spanish Minister of Tourism, Reyes Maroto. “After two long years” of pandemic, “we are going to experience a normal summer again,” insisted Fernando Valdes, Secretary of State for Tourism Affairs.

According to Exceltur, the months of July and August could even be "similar" to those of 2019, a record year for Spain in terms of attendance. “European but also Spanish demand is very strong” and should benefit “the entire sector”, underlines its vice-president José Luis Zoreda.

An opinion shared by professionals, especially on the coast. "Everything suggests that we are going to have one of the best summers in our history", rejoices after AFP Diego Salinas, manager of the Association of bars, restaurants and cafeterias of Benidorm, emblematic seaside resort of the Costa white.

Javier Ibáñez, economist at Caixabank, is a little less optimistic: he forecasts Spain's tourism GDP at "a level similar to that of 2017" which had been a little worse than 2019.

- "Saturation" -

For the tourism sector, on which 13% of jobs and 12.5% ​​of Spanish GDP depended before the pandemic, this long-awaited restart is a relief - even if professionals are encountering recruitment difficulties, especially on the coast and in the big cities.

According to Exceltur, the GDP generated by the tourism should thus reach 151.8 billion euros this year, or 10 billion more than the initial forecast. This figure is slightly lower than that of 2019 (155 billion), but a very strong increase compared to 2020 (52 billion) and 2021 (88 billion).

The destinations that should benefit the most from this recovery are the Andalusian coast (+7.4% compared to 2019), the Canary Islands (+3.5%) and the Balearic Islands (+3.6%). The most optimistic business sub-sectors on their outlook are leisure parks (+7.4%) and car rental companies (+1.7%).

This strong recovery is not without concern, however, due in particular to the problems of overcrowding which have caused chaos in several airports in the country in recent weeks and revived the controversy over the model of tourism massive.

This "explosion of tourist demand" can cause problems of "saturation", at the origin of "controversies between residents and tourists", concedes José Luis Zoreda. A situation that could ultimately "harm the reputation" of tourist Spain, he adds.

Beyond this problem, it is the global surge in prices that is causing tension: this "inflationary spiral", marked by a sharp rise in the cost of energy and food, is severely limiting "the margins of companies", warns Exceltur, which points to a source of "uncertainty".

Could this surge in prices halt the recovery, by weighing down the purchasing power of consumers? While the sector has shown resilience so far, the economic slowdown caused by the war in Ukraine "will affect" the tourismconcedes Javier Ibáñez, of Caixabank.

With the risk of witnessing a new slowdown when the summer is over. “There are a lot of medium-term geopolitical and economic uncertainties for the tourism“, Judge Exceltur, for whom “the take-off” observed this summer risks being followed by “turbulence during the fall”.



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