Published on : Thursday, December 9, 2021
Spain announced a 720 million-euro ($809 million) package for reviving the tourism industry after it was impacted hard by the corona virus pandemic.
The funds will be utilized for supporting a strategic sector, which accounts for 12% of the economic output, said Spanish Tourism Minister Reyes Maroto at a news conference after a cabinet meeting in Madrid.
The funding includes 565 million euros to finance innovative projects in order to make tourism more competitive by using digital technologies, energy efficiency and sustainable practices. Separately, regions will get subsidies to maintain historical heritage sites like the Camino de Santiago long-distance pilgrim’s route in Galicia.