Spain welcomes record 38 million tourists in January-July
Spain’s international tourist arrivals data continues to beat records, with 38 million visitors in the January-July period.
Tourism sector
Retail sales show improvement in Germany and Spain
The Corner | March 31, 2015 | German and Spanish retail sales have improved markedly compared with this time last year. Unemployment figures for the euro zone are expected to fall slightly, while results of EU inflation figures will be keenly monitored in the wake of the ECB’s sovereign bond purchasing programme, launched earlier this month.
Foreign tourists starting to flock back to Spain
MADRID | The Corner | According to the tourist expenditure survey EGATUR, foreign tourists spent €56.374 billion in Spain in the first ten months of 2014, an increase of 7% compared to the same period in 2013, and a new record. The increase, however, is due to a greater influx of visitors.
Foreign tourists in Spain spend 7.8% more until June
MADRID | The Corner | They keep coming and, more important, they spend more money, which adds to the recovery. Foreign tourists visiting Spain spent €2.63 billion in the first semester, a 7.8% more than in the same period of 2013, according to official data. British citizens are the biggest spenders, followed by the Germans. Tourism is a crucial sector of Spanish economy, accounting for more of 10% of GDP.
In Spain, local tourism finally competes with foreign one
MADRID | The Corner | Spanish national tourism starts to reactivate: the number of travellers residing in Spain grew at the same rate than the number of residents abroad. The recovery in tourist expenditure of the Spanish households suggests that the private consumption may grow in the 2Q14 –although probably at a slower pace than in the previous quarters (+0.4%). The evolution of the heavy traffic in Spain’s toll motorways also points at a recovery in the domestic demand, which is a necessary component to compensate for the loss of pulse of the external sector and allow a new quarterly advance in the 2Q14 activity (+0.4%).
“Spain will repeat its success as tourist destination in 2014”
FRANKFURT | By Lidia Conde | Co-manager at Europe’s leading travel group TUI Oliver Dörschuck considers that “Spain is by far the most important tourist destination for TUI and its clients.” However, for him what matters most today is not the destination, but the hotel, which has to bring the best experience to the client.
Today’s market chatter in Spain
MADRID | By Jaime Santisteban | Business confidence reached an all-time high, encouraging the return of strong productive investment. Moreover, Deoleo complex process resolution, downward market trends and much more…
Spanish tourism industry: full steam ahead
BARCELONA | By CaixaBank research team | The arrival of tourists from outside Europe has been key to boosting the Spanish tourism industry. Between January 2008 and December 2012, the number of non-European visitors rose by 1.5 million, an increase of 39.3%.
Spain among top 5 world’s tourism industries
GENEVA | France fell four places from third in 2011 to seventh, while Spain climbed to fourth from eighth.
Spain breaks 2007 July-August foreign tourist rate record
Latest data on foreign tourist numbers bring some degree of relief to an economically hurting Spain. Levels of visits have this summer approached 2007 figures. Madrid must apply VAT increases with care on the sector.