! Valencia Today – Foreign Tourists Have Spent Over 3 Billion Euros In The Valencia Region This Year

31/08/2015

2015 is all set to be the most successful year ever for the tourist sector in Spain in terms of visitors from Foreign tourists have spent over 3 billion euros in the Valencia region this yearabroad, with more visitors spending more money in this country than ever before.

Latest figures produced by the national ministry for tourism relating to July show that in the Comunidad Valenciana spending rose by 11% during July when compared to the same month last year, foreign tourists leaving 8.16 million euros in the region during this one month. Each tourist spent an average of 895 euros during their visit , an average of 72 euros a day, which is low when compared to other areas of Spain where spending is higher, and is below the national average, but still mounts up due to the sheer volume of tourists visiting the area.

During the first seven months of 2015 over 3.6 million tourists chose to visit the Comunidad Valenciana.

This is clearly illustrated in the year to date totals, foreign tourists having spent a total of 3.1 billion euros in the region during the first seven months of the year, an increase of 8.2% against the same period in 2014.

This same pattern is repeated across Spain, with spending by visitors from abroad during July reaching 8,840 million euros,( 8.8 billion euros) a record figure for the seventh month of the year. The 8.8% increase compared to July 2014 is accounted for not only by there having been 6.3% more visitors, but also by the average spending per day and per visitor having risen by 2.7% and 2.4% respectively to 106 euros and 1,007 euros.

These latest positive data mean that in the first seven months of 2015 visitors from other countries have spent 37,129 million euros ( 37 billion) in Spain, 7.7% more than in the same period last year, and again this is a new record figure for the industry. The average spending per visitor has risen by 2.9% to 978 euros, while average daily spending has gone up by 3.8% compared to last year and now stands at 113 euros.

Of course, the UK market forms the most important mainstay of international tourism in Spain. So far this year British visitors have accounted for 20.4% of all spending, the figure of 7,580 million euros representing an increase of 11.2% on the 2014 equivalent as the strength of the pound sterling against the euro cheapens the cost for those who come from the UK.

The second biggest spending nation is Germany, with a 1% increase so far this year taking the figure to 5,514 million euros, and third place is occupied by France (10.6% higher at 3,604 million euros). Spending by visitors from Scandinavia has fallen this year by 5.2% to 3,468 million euros, while an impressive 16% increase by visitors from the USA takes the American total to 2,088 million euros.

Among smaller totals the amounts spent by visitors from Asia, Belgium and Italy are all at least 19% higher than in the first seven months of 2014.

The Americans are especially welcomed by the Spanish tourist sector as their spending is well above the average levels at 161 euros per day and 2,338 euros per visitor. The British, on the other hand, have spent an average of 103 euros per day and 867 euros per visit, similar figures to those reported for the Germans, while the French spend considerably less (86 euros per day and 593 euros per visit).

All of the major tourist regions in Spain are benefitting from the increase in foreign tourism this year, with the most significant contribution to the regional economy so far being in Catalunya, where visitors from abroad are reported to have spent 8,588 million euros between 1st January and 31st July, an increase of 5.5% compared to 2014.

Growth in the Canaries has been slightly less at 3.2%, reaching a total of 7,281 million euros, while the third most popular destination is the Balearics, where spending by foreign visitors has risen by 10.4% to 5,954 million euros.

In Andalucía the 7-month total is up by 9% at 5,675 million euros, while in Madrid and the Comunidad Valenciana spending has risen by 13.1% and 8.2% to reach 3,612 million and 3,100 million euros respectively.

At the same time, international tourism is also growing in other less popular destinations. The other 13 regions of Spain account for only 7.9% of the total spending between January and July (2,919 million euros), but nonetheless this figure represents a healthy 12% increase on the same period in 2014.

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