… All of Spain is feeling the pressure of the euro crisis. Everyone’s nightmare is the widening spread, the extra yield that investors demand to hold Spanish bonds instead of benchmark German bonds. After 15 years of a booming economy, many Spaniards are forced to face a summer of austerity. Those who aren’t giving up their vacation altogether are picking tourist spots close to home, like Carmen and Antonio. Others are heading back to their hometowns to visit their relatives, as they did when they were children. “I haven’t been in El Pinillo for 25 years,” says Raul, an employee of the public sector who has just arrived from Sevilla.
Spaniards and visitors from neighboring countries are taking advantage of vacation spots close to home this year as the southern coast of Spain still teems with tourists who are spending less and staying for shorter.
Norwegian Blames 737 Max Grounding for Potentially Another Year Without Profit
Skift Webinar: Shaping the Hospitality Experience of the Future
How Finnair Got It Wrong in China
Thomas Cook Attracts Takeover Interest
Oyo Taps Hotelbeds to Increase Travel Distribution