World Youth Day pumped €160 million into Spanish economy
CWN - August 23, 2011
The head of Madrid's chamber of commerce estimates that last week's World Youth Day festivities brought €160 million ($230 million) into the Spanish economy.
Pilgrims traveling to Madrid spent roughly that sum on transportation, food, lodging, recreation, and souvenirs, said Arturo Fernandez. His report counters complaints that World Youth Day put extra burdens on Spain's depressed economy.
One civic association in Madrid reported selling 3 million meal tickets to WYD pilgrims, at a profit of €22.5 million ($32 million) for those transactions alone.
Additional sources for this story
Some links will take you to other sites, in a new window.
|
An appeal from our founder, Dr. Jeffrey Mirus: Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach five million Truth-seeking readers worldwide this year. Thank you! |
Easter Campaign: Progress toward our Spring 2013 goal ($25,719 to go):
$80,000.00
$54,280.55
32%
68%
|
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!
