Spanish tourism feels pinch of economic downturn
Posted in Car Rental on Oct 1st, 2008
Few Spaniards would sacrifice their annual summer vacation. But while Spain’s beaches are still busy, shops and restaurants at its resorts are ominously quiet as the country’s economic crisis envelops the tourism industry.
After 50 years of uninterrupted growth, Spain’s overbuilt and relatively expensive resorts seem ill-placed to cope with a downturn, at a time of [...]