Javea Grapevine 336 | Page 60

Drought hits economy with a €4,400 million Spanish cost of Number of foreign visitors to Spain staying in tourist apartments soars by 33% The country is suffering its worst drought in hydrological terms since the 1990s. More and more visitors to Spain are are choosing to stay in apartments rather than hotels. The number of foreign tourists using platforms such as Airbnb in Spain increased by one m illion during the first half of 2017, a 33% hike that takes the total to around four million, according to the latest data from the National Statistics Institute (INE). To put the figure in perspective, the total number of visitors to Spain in the first six months of this year was 35.3 million, but the tourist apartment segment is the industry sector that is seeing fastest growth. “Congestion, gentrification, mass tourism, and resentment is the result of rapid and uncontrolled growth in the number of apartments being offered by platforms” The worst hit has been on cereals. In Castilla y León, losses exceed €1 billion, with a crop reduction of between 50% and 80%. It is estimated that in some areas that rapeseed, cabbage, fodder and peas will barely reach a fifth of the normal crop. Reservoirs are at 46.5% of full capacity - the lowest for the past 11 years. From: La Rioja