Automatic

🏨 Global accommodation bookings reached $1.07 trillion last year, with hotels contributing 76% ($792 billion) to the total. Tourist housing surged by 32% compared to pre-pandemic levels, while hotel revenues were still 6% lower than in 2019. By 2027, bookings are expected to grow to $1.66 trillion, with hotel and tourist housing revenues projected to increase by 56% and 48%, respectively.

🏖 Imserso's travel program starts on September 23, 2024, with 886,269 spots available for Spanish retirees. Sales open September 23-24 for Andalusia, Aragon, Cantabria, Castilla y León, Valencia, Extremadura, Madrid, Melilla, and Murcia; September 25-26 for Asturias, Catalonia, Castilla-La Mancha, Ceuta, Galicia, Balearic Islands, Canary Islands, La Rioja, Navarra, Basque Country. Reservations can be made via Turismo Social's website or accredited travel agencies like B the travel Brand, Halcón Viajes, and Viajes El Corte Inglés. Additional bookings possible if spots remain after two business days.

🏖️ El Barómetro Turístico de Braintrust indica que, tras la pandemia, los consumidores españoles prefieren experiencias sobre bienes materiales. Entretenimiento y esparcimiento son el segundo mayor gasto para hogares españoles, después de vivienda y alimentación. Hogares de ingresos altos destinan 12.2% a restaurantes y hoteles, un aumento desde 11.9% en 2019, mientras que hogares de bajos ingresos asignan solo 5.9%, reducido de 6% pre-pandemia. El gasto total en vivienda y alimentación es del 42.5% en ingresos altos, 49.5% en ingresos medios, y 59.6% en ingresos bajos. La inflación ha limitado el gasto en ocio de muchas familias. Ángel García Butragueño, director de Turismo en Braintrust, sugiere que la euforia turística está más vinculada al turismo extranjero.

🏠 Spanish consumer spending on travel agencies dropped for the third consecutive month in August. CaixaBank's Consumption Monitor showed a 5.7% decrease in August, following declines in July (1.5%) and June (3%), and a near stagnation in May (+0.1%). In contrast, spending increased for hotels (+7.6%), culture and shows (+8%), dining (+11%), transportation (+3.9%), while gas stations saw a -4.3% drop. Despite a positive summer, CEAV notes a slowdown in July and August reservations. DBK forecasts a 9% growth in the wholesale travel market in 2024, reaching €5.9 billion, down from last year's 17%. Retail agencies are also projected to grow by 9%, hitting €12.6 billion, compared to an 18.4% growth the previous year.