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With Occupancy Rates of 15%, Tourist Homes Will Record Losses of €9 Billion in 2020

The tourist apartment sector has already recorded losses of more than 6.2 billion euros and that figure is expected to rise to 9 billion by the end of 2020, according to Fevitur.

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The tourist housing sector will register losses amounting to almost 9 billion euros this year as a result of the paralysis of the tourism sector due to the covid-19 pandemic.

That is according to the Spanish Federation of the Associations of Tourist Housing and Apartment (Fevitur) after the sector closed the third quarter of the year with cumulative losses of 6.2 billion euros.

Read the full article in Spanish.

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