Consumption rose by 5.1% in 2021, but hotels and restaurants have failed

2021 will close with a GDP growth of 6.2% and consumption growth of 5.1% but it is an alarm for the tourism and catering sectors.

It emerges from the 2021 final balance prepared by the Confcommercio Research Office which estimates that for consumption, down by 7.3% compared to 2019, the complete return to pre-pandemic levels will not occur before 2023.

Results which, underlines the association led by Carlo Sangalli, “although they are largely ‘statistical rebounds’, nevertheless testify to the great vitality of the country’s productive fabric whose performances were by no means taken for granted”.

However, what “worries most” now is that there are some sectors, starting with tourism supply chain and from the area of ​​culture and leisure, which have never fully participated in this recovery and are still very far from the levels of 2019: restaurants and hotels, in fact, record a loss in consumption, respectively, of 27.3% and almost 35%, cultural services and recreational by 21.5%; and there are also other sectors with double-digit drops, such as transport (-16%) and clothing and footwear (-10.5%) “.

For Confcommercio, it is therefore “clear that the recovery is proceeding more slowly than expected and for consumption, down by 7.3% compared to 2019, the complete return to pre-pandemic levels will not take place before 2023”.

According to Confcommercio, “for a more robust recovery it will therefore be necessary to wait for more favorable macroeconomic conditions, also because the new pandemic wave, with the consequent restrictions and, above all, the inflationary acceleration triggered by the prices of raw materials, risk blocking the large consumption potential of Italian families: the excess of forced and precautionary savings accumulated in the last two years will hardly find favorable outlets in conditions of new pandemic and inflationary uncertainty “.

In this context, the association emphasizes, “it is indispensable to support in particular the components of the tourism sector and its extensions to conviviality and culture by adopting measures on social safety nets, without increasing costs for businesses, and on access to credit, but also fiscal interventions and non-repayable contributions parameterised to the losses suffered! “.

By Editor

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