The most profitable tourism campaign in history: 20.2 million foreign visitors and €27,381 million

Spain tourism

The average expenditure per tourist has consolidated this summer at over 1,300 euros, the highest figure since the National Statistics Institute (INE) has been recording data.

Foreign tourism this summer (July and August) has left €27,381 million in cash, according to the information provided by the INE in the Tourism Expenditure Survey (Egatur), which released the data for the month of August this Tuesday, when a total of 10.1 million international tourists were received, 13.9% more than in August 2022.

Never before had Spain obtained this volume of income during the summer tourist season. The maximum recorded to date was €23,645 million. The average daily expenditure in August was €173, in July it was €185 and in June it reached a record high of €188, the highest ever recorded by the INE.

The average expenditure during the total stay was €1,343 in August and €1,367 in July, the two highest figures in the historical series. The result has been the most profitable summer tourism season in history for Spain, at least in terms of the money it has left in the country. Up until August, Spain has received 57.7 million tourists, who spent almost €73.4 billion.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.