Spain’s holiday home market has registered countless losses and several economic repercussion due to the COVID-19 pandemic. 

Statistics from the Spanish Federation of Housing and Tourist Apartment Association, FEVITUR, records show losses of 448 million euros, which is estimated to hit 2.9 billion by the end of this year. 

For the Easter season only, being one of the busiest weeks for tourism in Spain, FEVITUR counted an approximated lost of 188 million euros. 

Although the association acknowledges having lost half of the season, it still hopes for a surprise start to actions that will permit activities to commence again come June, with an inrush of resources for the last quarter of the year, which shall designate the origin of recovery for 2021.

 “An advancement that will be accustomed, to a great degree, by the recovery of the issuing markets, the restoration of confidence in travelling and the renewal of the economic situation,” Tolo Gomila, president of FEVITUR, related. 

In this accord, the Association has delivered a case of urgent actions to the Spanish government aimed to sustain the tourism section and minimize the adverse consequences of the COVID-19 pandemic. 

 Amid these steps are the temporary cessation of the local tourist fees for the rest of 2020, suspension of the social security and tax agency fees, deferment of interim or indirect taxes with no surtaxes or interest, racing up of temporary hiring control files due to binding Majeure and authorising supplies for the Spanish Autonomous Communities for the progress of tourism.

“We have managed to make our sector strategic for the Spanish economy in terms of offering accommodation in the tourism value chain, responsible for its contribution to the Spanish GDP, exemplary in fiscal transparency and also supportive of its country in the current climate with the actions taken by several associations providing free housing for health care personnel, the military and other sectors that deserve so much help and appreciation from everyone,” Tolo Gomila emphasised. 

The tourist housing sector had, in recent years, expanded extensively to the extent that it emerged as a relevant player in Spain’s tourism and hence its economy. 

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