Gabriel Escarrer (left) of Meliá and Exceltur. | Teresa Ayuga
Gabriel Escarrer, the CEO of Meliá Hotels, yesterday presented the latest report from Exceltur into the tourism situation in the country. Speaking in Madrid on behalf of the alliance for tourism excellence, of which he is vice-president, Escarrer warned that there will be a change in the tourism cycle this year. The growth rate will be much lower than in recent years. The Exceltur forecast is for 1.7% in tourism GDP. In 2018 it was two per cent but had been as high as five per cent in previous years.