Brits Spent €3.25m an Hour in Spain During August
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Brits love affair with Spain continues as they send
a record amount in August
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The value of British tourism to Spain has been clearly
defined with the latest official data showing that holidaymakers from the UK
spent an average of €3.25 million an hour during August.
Tourism, which accounts for 11% of Spanish GDP, is set to
break records once again in 2017, with the visitor numbers from August showing
10.43 million people visited the country during the month – the highest monthly
figure ever.
The National Statistics Institute (INE) data showed that
holidaymakers spent €11,324 million in Spain during August; which works out at
€15.25 million each and every hour.
British tourists alone threw €2,418 million in the Spanish economy during August, which is an increase of 6.3% over last year and accounts
for over a fifth of all economic activity from foreign tourists.
French and German holidaymakers increased their spending as
well; by 3.1% and 4.1% respectively. The highest increase was found with
Scandinavian tourists, who spent a total of €558 million in Spain during
august, a whopping 31% increase over last year.
Outside of the strongest markets, the rest of the world
spent an average of 16.7 more in Spain; accounting for 45.5% of the total
amount spent in the country.
When looked at as a year-to-date figure, the first eight
months of the year saw €60,461 million spent in Spain by tourists, a 14.2% increase
over last year and a great indication that 2017 will set new records. Brits are set to account for around 20.4% of overall foreign spending in Spain for 2017
(€12,316 million), an annual increase of 10.9%.
