News

The year of resilience for the world wine sector

Published May 22, 2021

Tridge summary

The year 2020 will go down in history in the world of wine as the year of resilience and was so aptly described by the International Organization of Vine and Wine (OIV). Endure, resist, endure is what the wine sector did and continues to do in our country in the face of the limiting and restrictive measures adopted to stop the expansion of Covid-19 in the Hospitality and Restoration (Horeca) channel, which represents around 60% of all consumer demand in the country, and in international travel and tourism, when Spain is one of the main destinations in the world (in 2019, a record 83.7 million people arrived here, and 92,337 million euros were spent, in 2020 they fell by 77.3%, to just 19 million, with an expenditure of 19,740 million euros, 78.5% less, according to the INE and Mincotur).

Original content

The year 2020 will go down in history in the world of wine as the year of resilience and was so aptly described by the International Organization of Vine and Wine (OIV). Endure, resist, endure ... is what the wine sector did and continues to do in our country in the face of the limiting and restrictive measures adopted to stop the expansion of Covid-19 in the Hospitality and Restoration (Horeca) channel, which represents at least in our country around 60% of all consumer demand, and in international travel and tourism, when Spain is one of the main destinations in the world (in 2019 83.7 million people arrived here, a record, and 92,337 million euros were spent, in 2020 they fell by 77.3%, to just 19 million, with an expenditure of 19,740 million euros, 78.5% less, according to the INE and Mincotur). It was and continues to be in 2021 one of the productive sectors most affected by the pandemic, as consumer demand declines due to restrictions, and the European Commission denies ...
Source: Qcom.es
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