Tourism was growing before COVID

COVID-19 killed modest tourism growth

Tourism - crowds at Cabo GiraoJM reports that after the bankruptcies of the airlines, the problems at the airport and the lack of flight connections recently, January and February this year brought good news: tourism was growing again. But this trajectory was obviously interrupted by the arrival of the new coronavirus, a threat never seen before.

Going back to the time before social isolation, the first estimates, released by the Regional Directorate of Statistics of Madeira (DREM), for the first month of this year pointed to an increase of 2.5% in the total number of overnight stays in tourist accommodation, compared to the same month the previous year. In absolute terms, Madeira recorded 539,000 overnight stays in January.

And growth continued the following month. February’s indicators for this year showed an increase in the regional tourist accommodation sector, with year-on-year changes of + 8.4% in overnight stays, + 8.1% in total income and + 9.4% in room income.

The total number of overnight stays from tourist accommodation in the month in question (considering the totality of local accommodation) was around 586,800, while total and room income reached €26.6 and €17.4 million, respectively.

“It should be noted that in February, the effects of the COVID-19 pandemic were not significant, thus accentuating the positive trend brought in from January, which interrupted a sequence of 9 months of reduction in overnight stays. However, in the next release, which will respect the month of March, the data to be presented will already reflect the consequences of the pandemic in the regional collective tourist accommodation sector ”, warns DREM.

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