Spain's financial crisis creates opportunities for travellers

by Bert Maxwell /
Bert Maxwell's picture
Jun 08, 2012 / 0 comments

Spain is one of the world's most popular tourist destinations, offering exciting city breaks, secluded rural vacations, and great value package holidays. Financially speaking, however, the country is in turmoil, as part of the wider crisis afflicting the eurozone. But one person's crisis is another's opportunity, and holidaying in Spain is now cheaper than ever for overseas visitors.


The banking sector in Spain is struggling badly, and with lenders fearful of having another Greece-style collapse on their hands, borrowing costs have soared. As Spain is part of the euro, the European single currency, its travails have dragged the value of the currency down. On May 30th, the euro reached its lowest rate against the dollar for 23 months. The longer the crisis rumbles on, the more likely it is that this trend will continue.


This means that for holidaymakers there is much more bang for your buck, and it's not only in terms of the exchange rate. Spain's economy is heavily dependent on tourism - and empty hotel rooms mean a loss of income - so one can expect to see great deals being made available throughout the summer.


Spain has some of the richest cultural heritage to be found anywhere in the world. It was Europe's leading power throughout the 16th and 17th centuries and was one of the most important nations when it came to exploration and the discovery of new lands - particularly in South America. Even the Italian Christopher Columbus sailed under the auspices of the Catholic Monarchs of Spain when discovering the Americas. Spain has also produced some of the world's finest artists, perhaps most famously the cubism pioneer Pablo Picasso, as well as celebrated architects, such as Antoni Gaudi.


Gaudi's work is synonymous with Barcelona, the capital of the south-eastern state of Catalonia. Barcelona is hugely popular with tourists, not just for its climate, beaches, and lively night life, but for the stunning architecture Gaudi created throughout the city. While his influence is everywhere, it is perhaps best known in the stunning gothic and art nouveau blend that is the Sagrada Familia, which is unlike any church you will ever see.


Down from Barcelona is mile after mile of superb Mediterranean coastline, which brings in tens of thousands of tourists every year from all over the world, on every type of budget. All-inclusive package deals in southern Spain are incredibly popular with families looking to get a great value vacation. Educators living in the UK looking to take advantage of summer break should check out for great all-inclusive deals to Spain. Our home-grown USA educators should have a look at


If the beach is not really your thing, however, all you have to do is head south to the region of Andalusia. For food and wine enthusiasts, there are few better places on earth; Valencia may be the home of paella, but Andalusia produces some of the finest seafood dishes around, as well as many of Spain's most popular wines. It is also the home of sherry.


While the north of Spain is not quite as warm as the Mediterranean south, the cooler breezes lend themselves better to outdoor activities, and the rolling hills of Galicia and Asturias offer stunning scenery to explore. The regions have rich artistic and architectural heritage, while much 14th century architecture remains, and exquisite national parks sit underneath the tower Cantabrian mountains.


But wherever you choose to go in Spain, the financial crisis is ensuring there are great experiences to be had at fantastic prices.