2024-07-17 20:45:10
BOLZANO. The summer survey of the Economic Barometer of the Economic Research Institute of the Chamber of Commerce of Bolzano shows a weakening of the turnover dynamics in the tourism sector. The assessments of profitability in the current year are generally positive but differ between the individual branches.
Greater optimism you can breathe in the sector ofaccommodation and of cateringwhile over a quarter of bar and café managers expect an unsatisfactory operating result for this year. The climate of confidence in the tourism sector is affected by the decline in household purchasing power due to inflation. This year, in fact, businesses expect a slowdown in turnover dynamicsmainly due to the lower spending by tourists from other Italian provinces.
At the district level, the forecasts on the turnover of the companies in the Vinschgau Valley he was born in Burgraviato I am modestwhile theoptimism prevails in the southern and eastern areas of the province. Overall 86 percent of the companies still trusts in a at least satisfactory profitability in 2024.
In the accommodation and catering sectors, the climate of confidence benefits from the positive trend in tourist flows so far: between January and May, there were over 12.9 million overnight stays in South Tyrol, an increase of 4.3 percent compared to the same period last year. The growth is largely attributable to visitors from foreign countries other than Germany, whose attendance increased by 8.3 percent. Overnight stays by German tourists increased by 5.1 percent, while those by Italian guests decreased by 2.3 percent. There is less optimism among bar and café operators, who complain about a decline in turnover with local South Tyrolean customers, despite increases in sales prices. More than a quarter of them believe that profitability will be unsatisfactory this year. Employment in tourism continued to grow in 2024: between January and May, the average number of employees exceeded 32,400, an increase of 4.3 percent compared to the same period last year. For the coming months, companies expect a further slight increase in employment.
The President of the Chamber of Commerce of Bolzano, Michael Ebnerrecalls the important effects of tourist spending on the local economy: “Tourism is an important driving force for our province, since the spending of our visitors benefits not only the accommodation facilities and gastronomy, but also trade, agriculture and crafts and construction”.
(Ansa archive photo)
2024-07-17 20:45:10