Spain's tourism sector will face further consolidation as structural problems and sharp falls in numbers of new visitors hit earnings, the co-chairman of the country's third largest hotel group said.
"The sun and beach model isn't exhausted, but with low profitability, companies are increasingly less able to act and, in the long term, we will pay," Grupo Barcelo's Simon Pedro Barcelo said in an interview in Expansion on Tuesday.
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Source - Reuters
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