“The worst labor market” on the planet: unemployment exceeded 20% in three downturns over the past 35 years.
But traffic is up, and these are still the good times.
Will Madrid be next?
“Peak Tourism” has already set in. Brits account for 22% of tourists in Spain. Now add Brexit.
The US and EU slug it out with the United Arab Emirates and Qatar.
It is impossible to overstate the importance of tourism to Spain’s economy.
To heck with the concerns of local citizens and city councils.
Tourism accounted for a quarter of the jobs created since 2013 — but mass-tourism of this type brings its own problems.
With impeccable timing, all at the same time.
The trend in its European markets is not Airbnb’s friend.