Spanish holiday prices down, but insurance is shooting up
THE cost of a Spanish holiday has fallen rapidly since the outbreak of Coronavirus… and internet searches for Spanish resorts have crashed.
Travel agents, fearing a Spanish-holiday wipe-out, as well as in other European countries, have reacted to market fears and conditions, and slashing prices with reductions of up to 20% from 2019 pricing structures.
Google statistics show a massive slump in searches for the likes of “Holidays in Spain” by hundreds of thousands as fear sweeps Europe but strangely enough searches for US holiday packages has risen with a 26% increase despite the States having growing figures of infected people.
Spain’s Costa Brava has taken the biggest slump of all closely, followed by the Canary Islands: Venice 83%,
Costa Brava, 83%, Sardinia, 76%, Tenerife, 75%, Fuerteventura, 71%.
As expected, tough, Italy leads the table.
The situation is becoming seriously concerning for the tourist industry, which has turned to the markets by offering bargain deals to entice travellers to part with their money and take the plunge.
An industry taking full advantage during the virus outbreak is travel insurance, which has seen a whopping 86% hike in sales in the last 10 days alone, but in fairness they take a larger risk.
Spain’s tourism itself, though, is very concerned, with flagging numbers expected to arrive this summer, unless the virus fears clear, and late-booked packages come into play.