Europe’s tourism problem
By Daniel Chung | November 152024 has been one of the biggest years for tourism in history. As of September, 790 million people had traveled abroad, 96% of 2019’s numbers, signaling that tourism has recovered from both COVID and inflation. In southern Europe, tourism has boomed, with tourist spending in Portugal forecast to be 20% higher than 2019. This has led to recent efforts by European countries to dial back on tourism.