Home Grown Tourism Needed To Drive Growth In Canaries

February 12, 2015

The Canarian economy is expected to grow by 2.1% in 2015.

According to a report from CEOE Tenerife (Confederation Businesses in Santa Cruz de Tenerife) the predicted growth factor , six tenths less than the national average, will result in 23,000 jobs being created.

In tourism, the report states that the Canary Islands will loose 300,000 tourists, down 2.3%, due to a drop in foreign visitors and only a moderate rise in home grown tourism.

According to the Confederation, domestic consumption will need to be the “engine of growth as the foreign sector is likely to register a slight decline because political instability in the Maghreb seems be nearing an end, especially in Tunisia, which has recovered as a winter resort”.