It doesn’t take a clairvoyant or a history professor — or even an economist — to know that Spain has had its worse year for tourism with revenues plunging by more than 75% and the year ending with fewer than 20 million foreign visitors, leaving behind collective spending of less than €20 billion compared to 83.5 million in 2019 with spending of almost €92 billion.
To put it in some content these figures have not been this low for 50 years.
In 1969, for example, almost 21.7 million foreign tourists visited the country while in 1968, there were around 19.2 million. In the best case scenario, 2020′s figures will fall somewhere between these two, although, according to the last data available released in October, Spain had 17.8 million foreign tourists, the same number as in 1967.
Statistics will show that the industry will end the year at around €46 billion; that is, around €110 billion less than 2019 and a figure comparable with 1995, when the office of statistics began to keep records. Even then, the comparison is misleading as it fails to take into account inflation; the fact that €46 billion is worth far less now than it was 25 years ago.
(some content courtesy of El Pais)