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Shopping Centres & Retail Parks Recorded Sales of €47.8 Billion in 2022, Up By 1.8% Compared to 2019

Footfall in shopping centres and retail parks rose by 12.3% compared to 2021, but the figures have not yet returned to their pre-pandemic levels.

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Despite the complicated socioeconomic context in 2022 due to the invasion of Ukraine by Russia, which triggered an as yet unstoppable increase in interest rates, inflation and the price of raw materials, the shopping centre and retail park sector saw its sales recover, to register higher figures than those recorded in 2019, before the outbreak of coronavirus, according to data presented by the Spanish Association of Shopping Centres and Retail Parks (AECC).

Specifically, those sales amounted to 47.763 billion euros in 2022, up by 16.3% compared to 2021 and by 1.8% compared to 2019. “These figures indicate that the ghost of the pandemic has been overcome and that the sector is resisting despite the current context of economic uncertainty”, say sources from the AECC. Another factor that emerges from the data is the growth in the average spend per visit, which has risen steadily over the last three years.

Read the full article in Spanish.


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