Círculo de Empresarios | In August, Spain recorded the third largest economic slowdown among OECD countries, after Ireland and Slovenia. Between January and August, the arrival of international tourists to Spain increased by 1.5% year-on-year and tourism spending increased by 3.2% year-on-year.
Spain tourism spending
The tourism sector plays a very important role in the Spanish economy. And its prospects are positive looking ahead to the coming years, based on the different statistics available. That said, there are various elements which should make us reflect on whether the Spain’s tourism business is as well focused as it could be and if it is adapting easily to a changing reality.
Tourism spending in Spain in the month of July totalled 11.902 billion euros, up 16.3% from 2016 and, yet again, beating records. Accumulated spending for the year totals 49.119 billion.