Manuel Mostaza, director of Public Affairs at ATREVIA, participated in a report published in El Economista about the expected GDP increase due to Easter vacation. As was often the case before the pandemic, tourism is once again serving as the Spanish economy’s lifeline. Most experts have demonstrated this, given the high expectations of the recently initiated Easter. According to specialists, they have increased their GDP projections for this year’s second quarter and predict a 1% increase between this month and June with respect to the January-March period.
What appears inevitable is that consumer spending during the vacation period will vary depending on the particular Spanish territory. More specifically, Mostaza points out that in “the cities in which Easter is an international reference, as in Zamora, Cartagena, and Seville, full capacity is practically guaranteed, both for accommodation and restaurants.”
Expressed in numerical terms, “the economic impact is therefore very different, considering that in some cities, the ten days of Easter holiday (cities like Zamora multiply their population by five during that week) can imply as much as an 8-10% GDP increase.”
You can read the full report originally published in El Economista here.