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Golf tourism: a key element for the recovery of the Spanish economy, according to study
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The overall impact on the province's economy is close to 3.3 billion euros each year, says the Spanish Association of Golf Courses
The Spanish Association of Golf Courses presented a study prepared by the Instituto de la Empresa recently to stress its belief that golf can play a major role in the recovery of the Spanish economy following the pandemic.
According to the study, on the Costa del Sol alone (which accounts for 70 per cent of Andalucía's golf courses) courses have an annual turnover of 118 million euros, which is 55 per cent of the total for Andalucía.
Income from golf tourism meanwhile amounts to 1.24 billion, the study says. The overall impact on the province's economy, including the expenditure of golf tourists, is close to 3.3 billion euros each year.
In Andalucía as a whole, golf is worth around 5.4 billion euros, without which the region's GDP would be three per cent lower.
The study was first presented at the Guadalmina Golf Club, which hosted the women's Open de España.
As a result of the findings, the golf course association is calling for the same level of VAT to be applied to golf as is the case with tourism.
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