According to figures from the Spanish Ministry of Tourism, foreign tourist spending at the destination is up by 8.1% in the first three months of 2014.
Spending by foreign tourists in Spain is breaking records in the first quarter of the year. The Spanish minister of Tourism reports an 8.1% increase in international spending in the first three months of 2014, exceeding 10 billion euros. International arrivals at the destination also grew by 7.2% on the period, with more than 10 million foreign tourists during the period.
The supply markets that contributed the most to this growth are Germany, the Nordic countries and the United Kingdom. German tourists spent the most on the period, representing 1.7 billion euros in revenues, or 17.3% of all foreign spending in Spain. British tourists are next with 1.6 billion euros, while tourists from Nordic countries spent 1.5 billion euros and the French spent 941 million euros.
In terms of regions, the Canary Islands are the autonomous community that benefited the most from the dynamism of international tourists in the first quarter of the year, with 3.6 billion euros in revenues, or 35.9% of all spending. It is followed by Catalonia with 2.03 billion euros (20.2% of the total), Andalusia with 1.3 billion euros and Madrid with 1.09 billion euros.
These figures confirm the optimism of Spanish hoteliers that was expressed earlier by the Spanish confederation of hotels and tourist accommodations.
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