Friday, August 30, 2013

Spain: Foreign Tourists Spent 6% More Than They Did During Same Period in 2012

According to EFE, foreign tourists who visited Spain in the first seven months of 2013 spent 32.21 billion euros ($43 billion), roughly 6% more than they did during the same period in 2012.

The rise in the average expenditure per tourist was 2%--up 949 euros (US$1,270), according to figures from the Industry, Energy and Tourism Ministry.

In July alone, the spending of international tourists climbed to 7.79 billion euros (US$10.43 billion), or 4.3% more than in the same month of 2012.

COMMENT: Nationality-wise, British visitors continued to account for the largest chunk of spending with 6.36 billion euros (US$8.51 billion), which is almost 20% of the total. 

Germans followed in second place with 5.15 billion euros (US$6.9 billion), or 16% of the total.

By July of this year, Spain had welcomed a record 34 million foreign tourists, 3.9% more than in the same period in 2012.

Tourism in Spain represents 10% of the GDP and employs roughly 2 million people.