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Rental of Tourist Homes Has Fallen by More than 47% This Summer

The owners of homes for tourist use on the Catalan coast are experiencing a very difficult season since occupancy in July has reached just 22% and is expected to amount to only 27% in August.

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The average occupancy rate of tourist homes in the main destinations across Spain will fall by 47.5% in July and August, from 84.2% in 2019 to 36.7% this year, according to forecasts by the Spanish Federation of Associations of Tourist Homes and Apartments (Fevitur).

The tourist housing sector (VUTs) predicts losses of 3 billion euros when the current year ends, according to Tolo Gomila, President of the Association, in comments to Brainsre.news.

Read the full article in Spanish.

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