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Spanish hoteliers are expecting a record number of foreign visitors this summer, hotel confederation Cehat said on Wednesday, in a boost for the economy.

Spain registered a record 75.5 million foreign visitors in 2016 as the economy rebounded from years in or near recession and as unrest in northern Africa and the Middle East led visitors to seek out safer travel options.

Cehat forecast a rise to 80 million visitors this year.

Tourism accounts for around 11 percent of Spain’s economic output and is a major contributor to employment levels.

Some 37 million foreign visitors are expected during the high season of May through to August, Cehat said, up by 2.5 million from last year.

“Expectations are up across all areas, in prices, nightly stays and profits,” general secretary of Cehat Ramon Estalella said during a conference by the confederation in Madrid.

Originally reported by Reuters.

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Finnish consumer and industry confidence rose in May from the previous month, data published on Monday showed.

Consumer confidence increased to a record high 24.1 points in May from 21.5 points in April, Statistics Finland (SF) said. The long-term average for the indicator is 11.9 points.

A gauge of industry confidence rose to +8 points from +4 points in April, the Confederation of Finnish Industries said in a separate statement. The long-term average is +1 point.

The Nordic member of the euro zone is recovering from a decade-long stagnation sparked among other things by a decline of Nokia’s former phone business, rigid labour markets and recession in neighbouring Russia.

Originally reported by Reuters.

Remember, no issue has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialised units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

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Operations Research & Implementation Division,
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For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
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Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

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