Spain: Tourist Spending Soars in August 2023, Reaching €13.5 Billion

In a notable economic boost, Spain experienced a surge in international tourist spending during August 2023. According to the latest Egatur survey, the total expenditure by international tourists in the country reached a substantial €13.529 billion, marking a remarkable increase of 19.9% compared to August 2022.

Key Highlights:

  • Total Expenditure: The total spending by international tourists soared to €13.529 billion, reflecting a significant uptick of 19.92% from the same period last year.
  • Average Daily Spending: The average daily spending per tourist rose by 6.68%, reaching €173. This increase contributed to the overall growth in tourism-related revenue.
  • Average Trip Duration: Despite a slight decrease of 1.29%, the average duration of international tourists’ trips stood at 7.74 days.
  • Year-on-Year Variations: The surge in spending was part of a broader positive trend, with consistent growth observed across various parameters compared to the previous year.

This substantial growth in tourism-related spending is indicative of Spain’s continued appeal as a premier international tourist destination. The data, released in the “Encuesta de gasto turístico” for August 2023, underlines the resilience of Spain’s tourism sector and its vital contribution to the nation’s economic recovery.