The key why Brexit will bring an economic benefit for Spain with tourists spending more

The Brexi It has been official for a few months and the British are no longer citizens of the European Union. The painful separation came true and, for now, the chaos that many announced would come with him has not been such. Although it is also true that we already have too much with the pandemic.

In fact, Brexit can bring a benefit to Spain via the tourism sector. For a few days, the long-awaited British tourists they can come to Spain without the need to quarantine upon their return as long as they have the double vaccination schedule, something very important for our country.

Because in 2019 there were 18 million British tourists who visited Spain or chose it to spend their holidays. Namely, practically one in four of the foreigners who visited us came from the United Kingdom, therefore, that they can return a year later without so many restrictions is a great relief for many tourist areas (Balearic Islands, Alicante or a good part of Andalusia) who live on them.

But, in addition, this year they come with a plus which many do not know And it can be a shock to the Spanish economy, so dependent on tourism.

VAT, the key

Yeah the vault key to this is VAT, of whose return in your purchases the British can benefit from this year, as they are no longer community citizens. Thus, as happens with Chinese, Russians or Arabs, they can save on their purchases at destination, something that, at the same time it can push them to spend more.

And that is undoubtedly good news for our economy, because despite having to give them back about 20 euros out of every 100 they spend, benefiting from this can cause them to spend more on more expensive products. Namely, that they become shopping tourists.

In Spain, shopping tourism has not stopped growing in the last decade, with the Chinese as the main nationality, but still it is far behind other destinations such as France or the United Kingdom. Therefore, taking into account the love that the British have for Spain, this measure may be definitive for Spain to climb positions on the podium of shopping destinations (currently it is the seventh in Europe).

But for this, we must change, or rather, combine the sun and beach tourism that the British enjoy so much here for one of higher quality, with the incentive of the VAT refund. Namely, a more cultural tourism and visits that, in this case, are concentrated in the cities.

Madrid, Barcelona and Puerto Banús are the main shopping destinations in Spain, with more and more visitors, which made the non-EU traveler spend 9% more in 2019, according to international payments firm Planet. Therefore, these British tourists must be brought to these destinations for the VAT refund to be beneficial.

And for it the sector must carry out promotional campaigns at origin to encourage this type of tourism with VAT as a hook. So far, what has been sold are the ‘all-inclusive’ packages on the coasts; From now on, with this measure, it’s time to change the chip and offer them a different, more urban experience in which they can visit places with great cultural value -for example, the Prado-Retiro axis is already a World Heritage Site– and do your shopping.

It will depend on that good part of the 40,000 million euros that the British spend on their international travel each year can stay in Spain. VAT is the opportunity.


Source: El Blog Salmón by feeds.weblogssl.com.

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