Factors influencing for the development of Travel and Tourism in Spain to 2020 | MIR


Posted May 30, 2016 by Tharun

A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Travel and Tourism in Spain to 2020 and future opportunities are provided in the report.
 
Summary
Spain’s inbound tourism recorded another successful year with strong growth in arrivals. The recently improved economic scenario means Spaniards prefer outbound trips over domestic tourism. Although, the unemployment rate is still high, GDP at constant prices grew by 1% in 2014 and 3% in 2015. Domestic trips declined by -3.4% in 2014 and -1.1% in 2015, while outbound trips increased by 4.8% and 2% respectively.

Key Findings
• With a record number of international arrivals, Spain’s tourism sector continued to expand at a healthy pace in 2015. Inbound trips increased by 4.8% in 2015, totaling 68.1 million, while expenditure expanded by 3.3% valuing EUR60.2 billion (US$66.8 billion). Driven by an improving economic scenario, outbound tourism also registered growth in 2015 with trips increasing by 2% and expenditure by 13.6%. During 2016–2020, inbound trips are projected to grow at a CAGR of 3.3%, reaching 80.3 million by 2020. Outbound trips are expected to increase to 13.2 million by 2020

• There has been strong growth in Chinese arrivals to Spain in recent years, with trips growing at a CAGR of 17.4% during 2009–2014. Unlike most travelers who visit Spain for the sun and the beaches, the Chinese prefer tourism related to gastronomy, shopping (luxury items), and culture

• The moratorium put in place by the mayor of Barcelona, Ada Colau Ballano, regarding approval of new hotels and short-term rentals until July 2016 is expected to affect new room supply. This is likely to result in the delay of 35 new projects (3,000 rooms). Barcelona is becoming uninhabitable for residents due to the surge in tourists

Check report @ http://www.marketintelreports.com/report/tt0315mr/travel-and-tourism-in-spain-to-2020

Synopsis

Canadean’s report — Travel and Tourism in Spain to 2020 — provides detailed information on the country’s tourism sector, analyzing market data and providing insights. This report provides a better understanding of tourism flows, expenditure, and the airline, hotel, car rental, and travel intermediaries industries.

What else does this report offer?

• Historic and forecast tourist volumes covering the entire Spanish Travel & Tourism sector

• Detailed analysis of tourist spending patterns for various categories, such as accommodation, sightseeing entertainment, foodservice, transportation, retail, travel intermediaries, and others

• Analysis of trips by purpose and mode of transport, and expenditure across various categories including domestic, inbound, and outbound tourism, with analysis using similar metrics

• Analysis of the airline, hotel, car rental, and travel intermediaries industries by customer type – leisure and business travelers

Download Sample Brochure @ http://www.marketintelreports.com/pdfdownload.php?id=tt0315mr

Reasons To Buy

• Make strategic business decisions using historic and forecast market data related to Spain’s Travel & Tourism sector

• Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities

• Direct promotional efforts on the most promising markets by identifying the key source and destination countries

Order a copy of Travel and Tourism in Spain to 2020 @ http://www.marketintelreports.com/purchase.php?id=tt0315mr


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Issued By Mayur
Country United States
Categories Tickets , Transportation , Travel
Tags analysis , forecast , growth , market trends , share , size , tourism in spain
Last Updated May 30, 2016