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The Tourist Sector Could Lose €23 Billion over Easter due to Covid-19

The State of Emergency has forced the tourist sector to come to a complete standstill at one of the busiest times of the year: Easter. 15% of the annual business in this segment is at risk.

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An empty terrace in Palma de Mallorca.

The coronavirus pandemic has forced the suspension of almost all the economic and production activity in the country. For weeks now, Spain has been facing the biggest health crisis in decades. Covid-19 has affected every sector of the country’s economy, but one of the worst affected is tourism, whose GDP represents around 12% of the national total. It has been seriously affected by restrictions on the movement of people, the closure of hotels and ERTEs, as well as the mass cancellation of accommodation, events and flights.

The lockdown resulting from the State of Emergency, which has now been prolonged until 26 April – in theory -, has forced the tourist sector to a complete standstill at one of the busiest times of the year: Easter. The slump in reservations for this week puts around 15% of the sector’s business in danger nationwide. In addition, there has also been a significant decrease in pre-reservations for the summer, according to sector sources consulted by Efe.

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