Monday, June 06, 2022

Santa Cruz estimates that the economic impact of Carnival in June will be 25 million euros

Crowds at Daytime Carnival in Santa Cruz de Tenerife

The transfer of the party to the summer represents income estimated at about ten million less than if it had been maintained in the month of February

The Santa Cruz Carnival usually earns the city around 35 million euros, a figure that will be reduced this year when it is moved to the month of June. The City Council estimates that moving the party to the summer, including the celebration in the street, will mean an income for the municipality of about 25 million euros, ten less than if it had been held in February.

The Councillor for Fiestas, Alfonso Cabello, insists that it is an estimate, since "we lack historical data, as it is the first time that Carnival is celebrated in June, but, based on the calculations we have made, it would be around that figure”.

As the mayor admits, "in June we will already be out of the cruise season, that takes away many visitors on those days of the fiesta, although we do foresee a 100% tourist occupation, but always bearing in mind that we are in low season”. Knowing all these factors, "we estimate that the economic impact could be between 22 and 27 million, so we are left with the figure of 25 million, which we believe is the most reasonable."

"In February we have the fair, two full weekends of street parties, plus a longer program at the Tenerife International Centre for Trade Fairs and Congresses, we don't have that in June as everything is more concentrated," which is what is creating the crucial difference.

The councillor also wanted to highlight the fact that the prospect of having a string of festivities between now and the summer such as the Fiestas de Mayo, the Carnival, along with the 225th anniversary of the Gesta on July 25, means ​​"a stability in the generation of economic activity that will be reflected in the employment data, as many companies in the service sector are thinking of reinforcing their workforces in the coming months."