Reverse tourismphobia is a term that describes the rejection or negative feeling towards residential tourism, especially that which uses apartments to live among other tourists or first-class tourist complexes, causing the degradation of employment-generating spaces such as shopping centers. Residents who have apartments to rent directly to tourists on platforms like Booking or Airbnb do not hate tourists themselves, but hate tourists who come through tour operators.
BBVA has brought together the owners of money in the south of the island to talk to them about the prospects for the sector. The group of BBVA wise men in the Canary Islands has among its members Javier Pérez Zúñiga, from Relaxia; Ana Suárez, from Koala Garden and partner at Grumasa, which is owned by Alicia Martinón, the owner of Intercasa tomato sauce and the Vivvo hotel chain. But Alfredo Morales, from Binter, is also a member. Residential tourism is a type of tourism in which people not only visit a place, but also live there for a certain period of time, usually for several months or even years. That is what many people from Las Palmas do in Playa del Inglés, Maspalomas or San Agustín, altering the quality offer of the destination.
What's going on? that the GDP growth forecasts for the Canary Islands in 2025 are weak even though they say it is high compared to the flat encephalogram of the German economy. According to Hispalink, the Canary Islands GDP could grow at a rate of 3,9% annually until 2025, placing it as the autonomous community with the highest growth in Spain. BBVA Research forecasts Canary Islands GDP growth of 2,6% in 2025, slightly below the national average.
The owner of the Avis rent a car brand in the Canary Islands, the president of the Domingo Alonso Group, Oliver Alonso, is the one who presides over this power center called the BBVA Canary Islands Regional Advisory Council. This March, entrepreneurs in BBVA's orbit in the Canary Islands analyzed the global and local macroeconomic situation of the Canary Islands with the help of Rafael Doménech, director of Economic Analysis at BBVA Research. Álvaro Martín, Head of Data at BBVA Spain, discussed the rise of generative artificial intelligence promoted by the growth in the volume of information and how it will impact companies.
