Not long ago Spanish tourist resorts were on a big winner charging airlines a nice wedge in landing fees and at the same time the airlines were bringing in the main source of income ie tourists. then a long came Mol who said hang on your charging me to land my planes and we are bringing you your main source of income. i will charge you so much per passenger from now on.And for all island destinations like the canary's they are finished without flights and the airlines know it.Pay per Passenger in one form or another is hear to stay.
Well IF the figures are to be believed the £100m and the 60 cents per passenger i work out as FR delivering 165 Million people in 5 years which is not the case yet but will be over next 4/5.
So 165Million SLF with an assumed spend of circa €300 on accommodation / car hire etc per person gives you a €50 Billion over 5 years with it all being spent in the country and on services / local jobs.
Spanish return is for every 60 cent it spends and given Spanish VAT is 8% then even if tourist only spends €10 on a meal the state is ahead.
How much would Spain offer in grants to an industrial company to come in and set up offering 2000 jobs in a poor region ?
Which deal is better ?