As far as we can understand today, there have been no crises in the history of the hotel sector comparable to the one that is about to prove itself for 2020. This will have far greater impacts than just the loss of rooms in March and April. A careful reading of the prospects for the main incoming markets leads us to consider that the demand crisis will affect above all the long-haul markets and tourist products Sea, City of Art, Business Travel, that is, almost all the main segments for our country. However, if the economic measures put in place by governments are able to affect the real economy at the basis of demand, in a scenario in which the virus no longer represents a threat, the impact of this crisis may not be decisive for the average fundamentals. period: in 2022 the volumes could return close to the average of the last five years.

A careful reading of the prospects for the main incoming markets leads us to consider that the demand crisis will affect above all the long-haul markets and tourist products Sea, City of Art, Business Travel, that is, almost all the main segments for our country. However, if the economic measures put in place by governments are able to affect the real economy at the basis of demand, in a scenario in which the virus no longer represents a threat, the impact of this crisis may not be decisive for the average fundamentals. period: in 2022 the volumes could return close to the average of the last five years.