Friday’s Spanish graph: hopeful Easter

The slowdown in the European cycle begins to appear on the figures about tourism in Spain. The drop in flow of foreign tourists from Germany and the UK, with a share of above 35% of the total, weighs down in part the evolution of total inflow of tourists during the first two months of the year.

Yet, until now, we are only witnessing a containment in the growth rate after a exceptionally good 2011, considering it is a period of crisis, analysts at AFI note. Between January and February, Spain has received 5.58 million tourists, up 2.7% from a year ago.

The response of the demand for Easter will be key to confirm trends, then. AFI experts are midly optimistic and forecast for 2012 an increase in tourist numbers to 57.4 million, a level slightly higher than in 2008 and 1.2% higher than in 2011.

Foreign tourists in Spain, month on month, in millions of people (1) and annual rate. Data: government and AFI analysts.

About the Author

Victor Jimenez
London contributor at thecorner.eu, reporting about the City and the Eurozone economies. He regularly writes for Spanish newspaper group Prensa Ibérica--some of his features include shared work with journalists of The Daily Telegraph and the BBC.

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