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Hospitality billing fell 50% due to the pandemic

Hospitality billing fell 50% due to the pandemic

The hospitality billing fell 50% last year due to the pandemic. That is, it was cut in half, with a marked collapse in highly touristy regions, such as the Balearic and Canary Islands. This is reflected in the INE data on the services sector published this Monday. According to these figures, in the whole of […]

Only one of the 28 industrial branches in Spain saved the collapse of its activity in 2020

Only one of the 28 industrial branches in Spain saved the collapse of its activity in 2020

Only one of the 28 industrial sectors operating in Spain improved its activity in 2020, a year marked by the impact of the coronavirus pandemic on the economy. With the exception of the pharmaceutical sector, which grew by 1.8% boosted by the greater need for medicines globally, the Spanish industry closed last year with a […]

The great crater of tourism: 72,000 million euros less in the worst year in history

The great crater of tourism: 72,000 million euros less in the worst year in history

The tourism data for December 2020 published by the INE confirm what was already known: 2020 was a catastrophic year for the sector in Spain. The arrival of 648,669 international tourists throughout the last month of the year represented a drop of 84.9% compared to the same month of the previous year. In total, the […]

Retail sales plummeted 7% in 2020, the first and biggest drop since the previous crisis

Retail sales plummeted 7% in 2020, the first and biggest drop since the previous crisis

Retail sales plummeted 6.8% in 2020 due to the pandemic. It is the biggest decline since 2012 and the first drop since the last economic crisis, according to the data published this Friday by the National Institute of Statistics (INE). This collapse is due to the restrictions derived from the health crisis. In fact, although […]

GDP collapse: has the pandemic affected other countries as much as Spain?

GDP collapse: has the pandemic affected other countries as much as Spain?

The figure published by the National Institute of Statistics leaves no room for doubt: Spain’s GDP fell by 11% in 2020, the worst result in history in peacetime. Although Spain has not been the only country that has suffered this financial setback derived from the pandemic, its fall has been one of the hardest. The […]

Tourism in the Canary Islands collapses in high season, while Catalonia and Madrid disappear as destinations

Tourism in the Canary Islands collapses in high season, while Catalonia and Madrid disappear as destinations

The month of November has also been devastating for tourism in Spain: the arrival of 456,956 international visitors has been registered, 90.2% less than in the same month of 2019, and total spending has decreased by 90 , 8%, to stay at 467 million euros, as shown by the sectorial data provided this Tuesday by […]

Retail sales plummet in November despite Black Friday

Retail sales plummet in November despite Black Friday

Neither Black Friday nor the Christmas campaign managed to encourage commerce last November, at the height of the second wave of the pandemic. Retail sales fell 5.8% in the aforementioned month compared to the same month in 2019. It, even though Spain was in the middle of the Black Friday campaign. Compared with the previous […]

The Balearic Islands were the most expensive national destination in summer and the fourth least visited by Spanish travelers

The Balearic Islands were the most expensive national destination in summer and the fourth least visited by Spanish travelers

The reopening of the borders in summer had very moderate effects in the Balearic Islands compared to the rest of the autonomous communities. The archipelago came out the third quarter of the year being the fourth community by the tail in the percentage of visits by national residents, and that despite the fact that this […]

The stoppage of the real estate sector passes bill to the Consell: 407 million less than its main tax

The stoppage of the real estate sector passes bill to the Consell: 407 million less than its main tax

The Generalitat’s budgets for 2021 will exceed 25,000 million euros for the first time, supported by a revenue forecast that, in terms of tax collection, already reflects the negative impact of the current economic crisis derived from the pandemic. To the extent that for the main tax managed by the Generalitat, and which is closely […]

Hotel nights registered the biggest drop in the summer, although prices fell by 13%

Hotel nights registered the biggest drop in the summer, although prices fell by 13%

The overnight stays (nights) in hotel establishments they fell 78.4% in September compared to the same month of the previous year, due to the outbreaks of late summer, the closure of some hotels that already gave up the season for lost and the restrictions (quarantines) of some European countries. That is only two out of […]