A record of 94 million tourists visited Spain in 2024, contributing to a boost in the economy with an estimated 126 billion euros in spending. However, the surge in visitors has led to local concerns over rising rents and gentrification.
In 2024, Spain has experienced an unprecedented surge in international tourism, with an estimated 94 million foreign visitors flocking to the country to enjoy its sun, sand, and culture, according to Tourism Minister Jordi Hereu. This marks a 10 percent increase compared to 2023, further solidifying Spain’s position as the world’s second most-visited country. Tourism now accounts for roughly 13 percent of Spain's GDP, and the sector has been a key driver of the nation's strong economic performance, which has outpaced much of the sluggish eurozone.
Minister Hereu highlighted that the tourism boom is not only about numbers but also about substantial economic contributions. Foreign tourists spent around 126 billion euros ($130 billion) in 2024, reflecting a 16 percent rise compared to the previous year. This increase in tourist spending has played a pivotal role in supporting Spain’s overall economic growth, contributing significantly to job creation and local businesses, especially in the hospitality and service industries.
Spain’s appeal as a tourist destination is undeniable, with its diverse landscapes, rich cultural heritage, and world-renowned cuisine attracting travelers from around the globe. The Mediterranean climate, historic cities like Madrid, Barcelona, and Seville, and the allure of the Costa Brava, Costa del Sol, and Balearic Islands continue to be major draws. The country also boasts impressive art and architecture, including works by Picasso, Gaudí, and El Greco, making it a hub for culture and history enthusiasts.
However, this tourism boom has also led to significant challenges, especially in cities like Barcelona and Malaga, which are popular hotspots for both tourists and residents. Locals are increasingly vocal about the negative side effects of mass tourism, particularly the rising costs of living. One of the main concerns is the sharp increase in rental prices, which have surged as demand for short-term tourist rentals outpaces available housing for residents. As a result, many locals feel that the influx of visitors is pushing them out of their own neighborhoods.
In response to these concerns, both Barcelona and Malaga have introduced measures to limit short-term rentals and curb the rapid rise in housing costs. The goal is to strike a balance between sustaining the economic benefits of tourism and maintaining the livability of local communities. These measures include stricter regulations on property rentals and efforts to increase the availability of long-term housing for residents. As Spain continues to break tourism records, it faces the challenge of managing its growth in a way that benefits both the economy and the people who call the country home.
With AFP
Comments