Morocco’s Tourism Surge Challenges Spain’s Post-Pandemic Recovery

2 August 2023 – byPrince@Bladi · 1 min read

Spanish tourism is gradually recovering after the Covid-19 health crisis. The sector should bring its contribution to GDP to 6.5% in 2023, a level higher than that of 2019 (4%). But the progress of Morocco and Turkey, "highly competitive" destinations in this context of high global inflation, could jeopardize these projections.

According to a report by CaixaBank Research reported by El Economista, the contribution of tourism to GDP will be 6.5%, exceeding 4.1% in 2019. This upward trend should continue in 2024 where an increase of +1.5% is expected. If these forecasts were to be confirmed, the contribution of tourism to GDP will record an increase of 5.7% compared to pre-health crisis levels.

However, the report warns against the occurrence of certain factors that could negatively affect the recovery of Spanish tourism. The document mentions the progress of Morocco and Turkey, "highly competitive" destinations in the current context of high inflation and falling wages. It also refers to the "complicated" macroeconomic situation of many European countries, particularly the United Kingdom.

Category: Spain

Keywords:

Spain Tourism Turkey