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Transcripts for BBCNEWS Asia Business Report 20240604 23:40:00

apartments and shops in the city. opposition parties have preposed city. opposition parties have proposed less city. opposition parties have proposed less strident - city. opposition parties have - proposed less strident measures to manage the issue. but money in the sector are worried about the backlash against tourism because of its importance for the local economy. translation: tourism represents the local economy. translation: tourism represents around - the local economy. translation: tourism represents around 4096 i tourism represents around 40% of the cities gpdjuliet gdp. we re obviously a very important industry the auto sector is one point billion in barcelona alone. sector is one point billion in barcelona alone. the future of tourism in barcelona alone. the future of tourism in barcelona - barcelona alone. the future of tourism in barcelona will - tourism in barcelona will depend to a great extent on the result of this election. but whatever happens it is certain t

Transcripts for BBCNEWS Asia Business Report 20240604 23:37:00

the move comes as the company prepares for an ipo. as part of the earlier announcement to restructure into six units after a two year crackdown on china s tech sector. burgeon orbit is officially no more. the rocket company has sold its facility and its equipment to a slew of aerospace company for some $36 million the firm was founded by sir richard branson to send small satellites into space file for bankruptcy last month. it d been struggling to secure long term funding after a failed launch earlier this year. barcelona is one of the most populous cities in the world. but for many of its residents tourism has become a major challenge the city is due to hold a local election this weekend. its status as a tourism magnet is one of the top issues driving voters to the polls. another day on

Transcripts for BBCNEWS Asia Business Report 20240604 23:38:00

another cruise liner docks in barcelona harbour. around 400 , 000 barcelona harbour. around 400,000 cruise passengers disembark here each month. the city, a modernist architecture and with lionel messi is football feeds is also a major tourist hub. visitor numbers have returned to close to pre pandemic levels. 10 million people visited barcelona in 2022. but many locals don t like the impact tourism is having. noise, crowded streets, unaffordable housing are just some of the problems it causes. translation: torres and occupying public space and that pushes us residents elsewhere. there are so many tours that residents don t spend time here in the centre of town. it really makes you sad. the local

Transcripts for BBCNEWS Asia Business Report 20240604 23:39:00

authorities really makes you sad. the local authorities are really makes you sad. the local authorities are not really makes you sad. the local authorities are not happy - really makes you sad. the local authorities are not happy aboutj authorities are not happy about the situation either. the left wing local government, which is been in power since 2015 has taken a number of measures to try and curb the growth of tourism. including closing down around 6000 illegal torres apartments. as she runs for reelection in a tightly raised the mayor is going further proposing a series of tougher measures that include opposing the mooted expansion of barcelona airport. translation: we have a plan against translation: we have a plan against mass tourism that includes not expanding barcelona airport because we can t barcelona airport because we can t have 20 million more torres can t have 20 million more torres. not allowing more cruise torres. not allowing more cruise ship terminals

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