Residential tourism will kill off package holidays to Spain
in the next five years, former TUI boss Shaun Powell has
predicted.
The former Thomson Holidays and TUI Spain managing director made
the prediction at the official launch of his new Spanish property
service, Lighthouse Spain.
He said changing demographics would lead to the death of the
traditional two weeks in the sun apart from at a few core package
holiday resorts such as Benidorm.
“I can’t think of anywhere else that will remain a
traditional package holiday destination in the next five years;
it’ll all be gone,” he said.
“Residential tourism is taking such huge volumes out of the
package holiday that it will not be economical for the traditional
players to stay in Spain.”