• Spain's tourism revenue nearly halves in January-April amid lockdown

Market news

1 June 2020

Spain's tourism revenue nearly halves in January-April amid lockdown

Reuters reports that no tourists travelled to Spain in April because of the coronavirus lockdown, dragging income from the key sector down by just about half in the first four months of the year, the National Statistics Office (INE) said on Monday.

Tourists only spent 11.7 billion euros between January and April, 48% lower than a year ago, the INE said.

Spain, which entered into lockdown mid-March to contain the pandemic, welcomed only 10.58 million tourists in these four months, half of the visitors that travelled there during the same period last year.

Tourism normally accounts for over 12% of gross domestic product in the world's second most visited country after France.

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