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.

Brits Spend Over €74 million a Day In Spain During August

Brits Spend Over €74 million a Day In Spain During August

Tourist spending has been at an all time high.

Brits really dug deep into their pockets during August;spending money on drinks, food, shopping, and hotels.

If people still doubted that British were vital to the Spanish tourism industry then the recent statistics from the tourism ministry will remove those doubts. The latest data shows that British tourists accounted for 22.3% of the tourist spending in August.

This came to a grand total of €2.3 billion spent by Brits throughout Spain during August, or €74.6 million each day. This works out at around €116 per person, per day.

This data is a reflection of the strong tourism trends of Spain in 2016. All the indications are that Spain will see record visitor numbers in 2016. Though for the brits this is just a continuation of the decades-old trend. It just shows that Spain is still deep in the hearts of many UK holidaymakers.

The Spanish economy was boosted by an extra €334 million each day thanks to the tourism in August. As well as Brits the French and German tourists were spending their fair; making up roughly 14% of the tourism spend for August.

Brits spent an overall 3.5% more this August compared to last year, while German tourists spent around 0.2% more and French tourists spent a whopping 9.1% more.

The only downside to the news was that average spending per person was actually down a little compared to 2015. The average tourist spend was €116 per person, which is down 1.9% compared to last year when compared against the average time that people spent in the country.

Even though more people are coming to Spain they are spending slightly less over last summer. This is really only a tiny negative mark on what has otherwise been an incredibly positive Spanish summer season though.

Regions across all of Spain are celebrating as most places are reporting record highs in terms of tourism spending. Tourists have currently spent €53.3 billion so far this year in Spain, which is 7.1% higher than last year. A statistic to put everything into perspective is that Spanish tourists spent more in the year leading up to August than they did in all of 2012, and there’s still four months of 2016 left.

The Brits still make up the bulk of the spending in the first eight months of the year. Brits accounted for 21.1% of all spending; an increase of 11.8% over 2015.