Wednesday 18 January 2017

British Tourists Spend 17% More Money in Spain


British Tourists Spend 17% More Money in Spain

Brits love affair with Spain continues to flourish and always will
The Spanish economy was boosted in November of 2016 by about €4.91 thanks to tourism, an increase of 8.3% over 2015. Despite the damage done to the pound/euro conversion rate by Brexit, Brits are spending around 17% more per head during their Spanish holiday in November compared to November of last year.

The data comes from the National Statistics Institute (INE) and it shows British tourists in Spain spent around €776 million in November 2016. This was not just an improvement over the figures from last year, but it also accounted for 18.5% of all the money spent by tourists that month.

The interesting thing is that while there were more British tourists, the number was only up 12.5%, meaning that Brits are opening their wallets more with an average spend of €120 per day and €895 per holiday. The only thing that shrunk was the length of the average stay. Brits went from staying in Spain for an average of 8 days in the country to an average of 7.5 days.

Overall the Spanish economy received a boost of €4.91billion from tourism spending in November 2016, an increase of 8.3% on 2015. German tourists pumped €530 million of their own into the country, followed by Scandinavians with €482 million and the French with €291 million.

In terms of regional spending the most money was spent in the Canary Islands thanks to the promise of sun and sand in Winter; almost a third of all spending from tourists in November happened in the Canary Islands.

When analysing all 11 months of 2016 leading to the end of November, the amount of tourist spending in 2016 was pretty impressive. Expenditure was up 8.4% over the same period in 2015 or a massive total of €73.1 billion, of which just over 20% came from British tourists; proving that British tourists remain a key part of Spanish tourism.