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Spain Tourism Report Q2 2016

BMI Industry View
Table: Key Forecasts (Spain 2013-2020)
SWOT
Tourism
Industry Forecast
Table: Inbound Tourism (Spain 2013-2020)
Table: Tourism Receipts (Spain 2013-2020)
Table: Hotel Accommodation (Spain 2013-2020)
Table: Tourist Departures and Consumption (Spain 2013-2020)
Industry Risk/Reward Index
Rewards
Risks
Table: Western Europe Tourism Risk/Reward Index
Market Overview
Competitive Landscape
Domestic Hotel Groups
Table: Domestic Hotel Groups
International Hotel Groups
Table: International Hotel Groups
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Weighting Of Indicators

Spain Tourism Report Q2 2016

BMI View: We expect tourist arrivals to Spain to continue increasing in 2016, reaching 69.7bn. This willbe driven primarily by arrivals from the top European source markets, which economies are recovering andwhich citizens will continue to be seeking short breaks on Spanish beaches (such as Germans and Britons).

Another key driver, in the longer term, will be the return of MICE events to Barcelona and Madrid, whichwill incidentally also provide new opportunities in the high-end hotel sector. Spanish economic recoverywill also see more Spaniards travelling abroad, but many will continue to holiday also in their country.

Key Updates And Forecasts

We have revised our previous tourism arrival estimate for 2016 and raised it from 2.7% to 2.9% to reflectthe economic recovery experienced by some of the country's top source markets.

The new REIT (Real Estate Investment Trust) system implemented last year has brought on an increasein hotel sector investment, of which Hispania and Merlin Properties were the two major investors.


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