Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Foreign tourism to Spain slumps 93.6% in February amid COVID curbs

Published 04/06/2021, 04:56 AM
Updated 04/06/2021, 05:00 AM
© Reuters. FILE PHOTO: A person teaches surfing to children at Barceloneta beach, in Barcelona

By Emma Pinedo and Aida Pelaez-Fernandez

MADRID (Reuters) - Tourist arrivals to Spain plummeted 93.6% year-on-year in February as visitors stayed away from bars and beaches in what is usually the world's second most visited country.

International tourism to Spain plunged 80% to 19 million visitors last year - the lowest since 1969 - as coronavirus curbs took their toll.

That trend continued in the first two months of 2021, data from the National Statistics Institute showed on Tuesday, in further bad news for a country that used to get over a tenth of its gross domestic product from tourism.

Spain received 284,311 foreign tourists in February, 34.6% less than in January. International tourism revenues dropped 93.3% year on year in February, putting many business in jeopardy.

While most tourists came from France, one in four travellers in February, the number of French fell 87.4% from February 2020, the last month before the pandemic hit.

Many French people, weary of their own lockdown, have been flocking over the border to enjoy open bars and restaurants in areas such as Madrid.

Germans, who have started going back to Mallorca, took second spot.

© Reuters. FILE PHOTO: A person teaches surfing to children at Barceloneta beach, in Barcelona

Estimates from the Funcas think tank show the tourism sector's contribution to Spain's economy slumped to between 4% and 5% last year from around 12% in 2019, jeopardising many businesses.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.