World Youth Day pumped €160 million into Spanish economy
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.
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