Exceltur raises industry losses to over $98 billion

This is the summary of the news of the sector in this August 19, 2020:

  • Exceltur lowers its forecasts for the summer and the end of 2020 in view of the fall in demand from outside Spain, due to the cascading restrictions since the end of July in the main issuing countries. In view of the notable and growing worsening of business expectations, especially of external demand, we foresee at the close of 2020 a fall in activity (direct + indirect: Tourism GDP) of -98,753 MILLION EUR.
  • Johnson
    Photo: Johnson

    The Hotel and Extra-Hotel Association of Tenerife, La Palma, La Gomera and El Hierro, Ashotel, has urgently requested to appear at the parliamentary seat, specifically before the Committee on Tourism, Industry and Trade, to explain to the deputies the critical situation that the Canary Islands tourist sector is going through and the imminent risk to which the Archipelago is exposed if clear and specific measures are not taken by the Canary Islands Executive to save the next winter tourist season 2020-2021.

  • The Ibex 35 tourism companies have come back this Tuesday in the selective after the sharp falls recorded on Monday, the first day since Germany decreed mandatory quarantine for those who return from their holidays in Spain. Aena closed the day with a rise of 2.26% and IAG with a rise of 1.77%. Meliá closed with a fall of 0.47%.
  • According to data from reclamador.es, based on the 4,000 claims managed for refunds of flights cancelled by coronavirus, Norwegian, EasyJet and Lufthansa are the airlines that are putting less difficulty in processing the refunds of tickets for flights cancelled by Covid-19. However, Ryanair, Vueling and Iberia are delaying the process of refunding the amounts paid by the passengers and even refuse to reach friendly agreements at first, forcing the initiation of legal proceedings.
  • TUI will divert German travellers from the Balearic Islands to the Canary Islands to avoid mass cancellations.
  • The hotels and restaurants of the 17 Autonomous Regions are taking legal action in view of the entry into force of the health measures.
  • An inter-territorial legal committee has been set up to analyse immediate legal action.
  • The Ryanair pilots have ratified the agreement reached between the Sepla trade union section and the company’s management to keep their jobs for the next four years in exchange for a 20% salary reduction.
  • Visit València intensifies its promotional action within the national market in order to activate the highest number of visitors to the city during the months of August and September.

Author: SmartTravel