British Holidaymakers Spent an Average of €48 Million per Day in Spain Last Year

British Holidaymakers Spent an Average of €48 Million per Day in Spain Last Year

Brits continue to flock to the Costa del sol 

Everyone knows that Brits love heading to Spain when they’re choosing a destination in the sun. It seems the Brits weren’t content with just being the main property investors and tourist group for Spain in 2017, as they were also – sort of – the biggest spenders.

As a collective British holidaymakers were spending an average of €48 million a day in Spain, which works out at around €2 million EACH HOUR. All in all, this figure accounts for 20.1% of all tourist spending in the country in 2017. Tourism spending reached a total of €86.82 billion in Spain, with Brits spending around €17.42 billion of that.

German tourists were barely spending more than Brits pre head, but their overall €12.2 billion spent in Spain puts them below the British. The reason for this was that there were more Brits than Germans in Spain 2017, with around 18.78 million Brits and 11.89 million Germans visiting.

French and Scandinavian tourists threw another €7 billion each into the Spanish economy last year, leading to tourism accounting for 11% of the GDP for the country; meaning tourism is one of the most important industries in Spain. 

The data comes to us from the Ministry of Tourism in Spain and shows just how important it is that Spain continues attracting city breakers, sun-seekers, hikers, golfers, and culture vultures to their shores.

Overall, a total of over 81 million people visited Spain during 2017, representing an annual increase of 8.6%.

Brits Spent €3.25m an Hour in Spain During August

Brits Spent €3.25m an Hour in Spain During August

Brits love affair with Spain continues as they send

a record amount in August

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%.