Spanish Tourism on the Up

News Date: jueves, 28 de octubre de 2010

Property News in Spain
Spanish Property News

Tourism is one of Spain’s biggest sources of revenue, accounting for more than 10% of its economy, and after a drop of 2.3% in 2008 (the first ever reversal for over 10 years) and a further and massive 8.7% fall in 2009 – Spain lost its rightful place as the second most visited country in the World, to the United States of America.

Although Spain is a long way off regaining that title, Friday’s government data shows that things are definitely on the up, and this month for the fifth month in a row, and in comparison to last year’s figures; the number of tourists visiting Spain has seen double figure growth, thanks to our German friends.

The Spanish ministry of tourism announced that Spain has had a sizable 4.2% increase over the same period last year accounting to a substantial 5.2 million foreign visitors, nearly half of which were from Britain and Germany – A great sign that things are on the up.

Although almost half of the visitors to Spain, as suggested above, are from Britain and Germany, tourism from Britain has actually decreased by 0.3% (1.46 million) It is Germany who has seen an impressive economy turnaround from the recession and has seen figures increase to 11.4% (1.03 million).

Visitors to Spain this month also increased by a number of other countries including, Italy, France, the Netherlands and the Nordic Countries.

The global crisis has seen tourism down all over the world, but cheaper sunshine destinations such as Turkey, Egypt and the east Mediterranean have benefited.

So, figures are looking good for the first time in two years for Spanish property and rentals but we sure need a lot more of the same before we can start celebrating...

Spanish Rental and Property News by News Desk

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