Spanish Government announce a €4.25bn tourism recovery plan

June 18, 2020
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Presidente Pedro Sanchez has unveiled this today a €4.25bn (£3.8bn) plan to bolster the country's battered tourism industry.

"Spain is reopening itself to tourism," Sanchez said. "We are a world leader and each step we take will be safe."

He said the cash would be put towards several measures, including marketing and promotion, discounted taxes for airlines, and the creation of a "tourism intelligence observatory".

At the start of his speech Sánchez stressed, "This is an essential tourism aid plan,". He explained that there are five main pillars: strengthening the country as a safe destination; support measures for companies in the sector; improve the competitiveness of the tourism sector; tourist intelligence, with the creation of a new observatory, and the use of all marketing and promotional tools for national and international tourism.

Marketing and promotion will amount to €38.1 million. Of this, €33.3 million will go to a plan for the period 2020-2024 to reactivate the main European and British markets.

Tourism is a vital industry for the Spanish economy, accounting for over 12% of our economy. To boost visitor numbers, from 1st July the government will allow foreign visitors to enter the country without having to undergo a two-week quarantine.

A much stronger injection was expected for the sector than was finally approved because of what tourism brings to Spain and for the huge losses this year for the industry which is more than €80,000 million, according to Exceltur.