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November 12, 2024
Tourism activities are highly dependent on weather conditions, and hence, vulnerable to the impact of climate change. Our analysis of Turkish tourism demand within the context of climate conditions points to possible changes in seasonality and quantity of tourism flows across provinces, depending on their tourism type.
October 15, 2024
GDP growth forecasts have been revised upwards by 0.4 percentage points for 2024 to reach 2.9%, and by 0.3 pp for 2025 to reach 2.4%. This is due to statistical revisions of historical data, recent developments more favorable than expected, and improved estimates of external and internal demand contributions.
September 30, 2024
The tourism industry in Spain must adapt to the expected changes in climatic conditions by increasing hotel capacity in the north of the country, improving facilities and infrastructure and diversifying tourist attraction areas, thus ensuring greater growth and long-term sustainability.
September 23, 2024
The middle months of the year have been characterized by a slight acceleration in the growth of tourism spending in Spain compared to the first months of 2024, supported by both foreign and domestic tourism. This is inferred from the BBVA credit card spending data.
September 20, 2024
Climate is a relevant factor in the choice of a tourist destination. Changes in climate conditions could alter the seasonal and geographical pattern of tourism in Spain, with the impact depending on the adaptation policies implemented.
September 3, 2024
In the second quarter of 2024, the current account deficit stood at 1.6% of GDP, the lowest level since 2009. FDI fell to 2.75% of GDP, though it was sufficient to finance the deficit. The deficit is expected to close 2024 at around 3% of GDP.
August 16, 2024
Colombia has great tourism potential. The arrival of tourists from abroad is growing dynamically at the same time that Colombians have increased their domestic travels. The growth of tourism is very beneficial, which makes it necessary to continue building a medium-term strategy for sustainable tourism.
July 2, 2024
In 2024, the Spanish economy presents a heterogeneous outlook, with different autonomous communities showing significant variations in their growth prospects. In this quarter's BBVA Research Regional Economic Outlook report we explore the most relevant economic trends and challenges for this year and next.
June 21, 2024
This study demonstrates how expenditures between regions can be used to estimate domestic tourism, and gain further insights into its dynamics. We discuss additional use cases of the methodology, and offer suggestions on how it can be specialized for asking different types of questions.
June 14, 2024
GDP growth forecast for 2024 is raised to 2.5% thanks to the good performance of external demand, the increase in the labor force, and the execution of Recovery Plan funds. However, it will moderate to 2.1% in 2025, largely due to constraints in tourism growth.
