Spanish Tourism to Lose at Least 50 Billion

The COVID-19 pandemic could have an impact of 54,733 million euros on Spanish tourism GDP in 2020, dropping 32.4% compared to last year according to forecasts from the Alliance for Excellency in Tourism (EXCELTUR).

Of this number, 15,595 million correspond to indirect activities, such as suppliers and other agents related to tourism. The organization has taken into account forecasts from various institutions, such as the Polytechnic University of Valencia, which consider that coronavirus cases won’t reach a peak until the end of May, therefore, travel restrictions, social distancing and isolation will continue.

According to the Spanish tourism board, if

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Airlines to Lose a Lot Due to the Travel Ban

The U.S. president announced a vacation ban for people today coming from the Schengen zone for 30 times. The effect on the airlines is by now worse than nine/eleven and will be additional exacerbated by this. Critics, nevertheless, position out that the ban is not likely to stop any virus distribute.

United states of america de facto shut its borders for a period of time of 30 times starting off on Friday thirteen March for travelers from the Schengen nations, i.e. European nations, excluding the British isles and Ireland. Of system, this is not a closure for each se, but

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