No deal Brexit to cripple Spanish tourism: Madrid told of £1.2bn hit if no agreement made

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The party of Brits who flocked to the Costas dropped last summer as a result of the uncertainty neighbouring the UK’s position in the EU, according to tourism lobby group Exceltur. And a no deal departure from the EU make lead to huge losses across the Spanish resorts that sire always been so popular with the sunseeking British holidaymakers.

We expect a miracle on October 30

José Luis Zoreda

Exceltur affirmed no deal would cost Spain £50million in lost tourism net income for the remainder of this year and an eyewatering £1.162billion throughout 2020.

It said the 2019 summer time had already been hit by uncertainty in the UK, from where more than 18 million prepare visited Spain in the last two years.

Total sales to British rubberneckers fell by 3 percent with popular sun, sand and sangria destinations such as the Canaries and Balearics hardship slumps of 5 percent and 1 percent respectively.

British holidaymakers flock Benidorm every year (Figure of speech: GETTY)

Exceltur said a no deal Brexit would see a collapse of 10 percent with the devaluation of the hammer into.

The group’s Executive Vice President José Luis Zoreda bring up this would translate to the loss of almost two million British rubberneckers.

He said: “We expect a miracle on October 30.”

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Benidorm’s hoteliers face a massive pecuniary hit if there is a no deal Brexit (Image: GETTY)

Benidorm has already been hit by a miss in the number of UK holidaymakers (Image: GETTY)

A hard Brexit would add to the Spanish tourism sector’s distress following the collapse of Thomas Cook, the recovery of rival Mediterranean objectives, an economic slowdown and volatility in Catalonia.

Exceltur said travel firms foresaw a 37 per drop in income for the last quarter of 2019.

Tourism chiefs on the Costa Blanca give an account of a 3.2 percent drop in revenue per hotel room while their counterparts in Benidorm suffered a 5.2 percent depression

Majorca is another holiday hotspot which would suffer after a no extent Brexit (Image: GETTY)

Industry insiders said Benidorm’s hoteliers had firm to sacrifice part of their profitability to maintain volumes.

Brexit respects have compounded the threat the tourism industry in the wake of the Thomas Cook crack

which has put the future of workers and staff at the firm’s local suppliers and subsidiaries is at out.

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The Spanish Confederation of Hotels and Tourist Accommodation has said 1.3 million autumn and winter companies will be unable to fly into Spanish destinations.

This will culminate, it says, in the shutting down of at least 500 hotels, generating detriments to the tourism sector running into the hundreds of millions.

Spain’s ministry has announced a package of measures worth £260m including emergency merit lines and a reduction in airport fees, particularly for hubs in the Balearic and Canary islets, plus plans to spend hundreds of millions more in improving tourism infrastructure.

The Canary Atolls is preparing for its high season as a popular winter sun destination, but the Spanish management calculates that 400,000 Thomas Cook travellers will not be reaching the holms after all.

Ramón Estalella, head of Spain’s leading hotelier relationship said: “We have the hotels here, open and waiting – but the customers can’t get here.”

Additional publishing by Maria Ortega

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