Tourist Homes Expect Losses of €2.9 Billion, but Predict a Recovery in 2021

In an interview with, Tolo Gomila, the President of Fevitur, has warned that the losses on tourist homes due to Covid-19 already amount to €448 million. And he believes that they will reach €2.9 billion in total.

The Covid-19 pandemic has forced the suspension of almost all the economic and productive activity in the country. Spain is facing its greatest health crisis in decades, which will undoubtedly lead to a new economic crisis. Covid-19 has affected every sector of the economy, but one of the hardest hit has been tourism, which has been seriously affected by restrictions on the movement of people, the closure of hotels and homes for tourist use, ERTEs and the mass cancellation of accommodation, events and flights.

Tolo Gomila, President of the Spanish Federation of Tourist Home and Apartment Associations (Fevitur), has indicated, in an interview with, that this segment of the economy expects to incur losses of €2.9 billion due to the pandemic. As such, it has demanded new measures from the Executive to address the crisis that has caused coronavirus in the country and the rest of the world.