Spain’s tourism surge faces growing challenges
🏖️ In 2024, Spain's tourism industry achieved a 10.1% increase in international visitors, totaling 93.8 million, and a 16% jump in traveler spending to €126 billion, making up 13% of its GDP. Tour operators saw a 16% growth, while high-speed rail bookings rose by 20%. Madrid became Europe's second-highest city for hotel investment. However, overtourism led to protests and legislative measures in cities like Barcelona. Phocuswright projects a growth rate stabilization, citing inflation and external economic factors.
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