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Canary tourism now accounts for one third of archipelago’s income 

The economic impact of tourism in the Canary Islands amounted to 14,602 billion euros in 2016, 34.3 per cent of the total Gross Domestic Product and one billion more than the previous year.

The is according to the Economic Impact Study Tourism ‘IMPACTUR 2016’, prepared by the Alliance for Exceltur Tourism Excellence, in collaboration with the Government of the Canary Islands.

IMPACTUR also shows that tourism led the creation of jobs in the Canaries, with up to 312,466 jobs in 2016, representing 39.7 per cent of the total employment in the Canary Islands in that year.

Thus, a six-year period of consecutive growth of tourism employment in the Islands is closed with 4.6 per cent year-on-year, “which has made it possible to create jobs in the Canary Islands as a whole in a few years (2010-2016 ) especially critical for the impact and exit of the crisis”, say tourism leaders.

The data was presented by the Minister of Tourism, Culture and Sports of the Government of the Canary Islands, Isaac Castellano, who said that the archipelago continues to demonstrate that it is a “solid and safe destina-tion”.

“We have to continue working to be an innovative destination and open to change, always maintaining the sustainability and preservation of our territory, an important part of the success of the destination,” he said, adding: “It is important to continue in the effort to improve competitiveness and maintain a balance that ensures that the wealth generated by tourism reaches the Canarian society.”

He also stressed the need to maintain the commitment to the conversion of the hotel accommodation and also the tourism model towards sustainability.

IMPACTUR’s analysis shows that the intense growth of tourism spending on foreign demand and the significant increase in tourism, together with higher levels of investment in tourism and public spending, led to a significant increase in tourism activity .

The contribution of tourism to the Canarian economy is far above the 34.3 per cent of the average tourism weight in the Spanish economy as a whole, 11.1 per cent.

Since 2010, tourism has been steadily increasing its presence in the islands’ economy to 9.3 points above the levels of six years ago. The pull of tourism compensated for the loss of activity of other relevant branches in the Canary Islands economy, such as the extractive and manufacturing industries, construction and other services such as financial, insurance, information and communications.