Monday, September 26, 2022

Spain has increased tourism from America after the fall in the euro

Following the fall of the euro and the strengthening of the dollar, the Spanish press reported a significant increase in tourist arrivals from the United States.

According to CountryThe regional currency, which has suffered a 10% drop since last April, has been trading below the dollar this week.

According to the information given, one of the most direct effects of this “strong dollar” is an increase in the cost of travel from Europe to America.

The flip side of the coin is the movement from a North American country to Europe and Spain, in particular.

“They have become 10% cheaper in the last four months and the data is already starting to reflect an increase in demand,” the aforementioned media outlet says.

The National Institute of Statistics indicates that 312,385 US travelers visited the country in May, representing 90.8% compared to the same month in 2019.

They were also 95% higher than 2016 and 2017 levels and 2018.

In the sixth month of the year, 377,366 tourists arrived from the US, representing 86.9% compared to the same period in 2019.

If the weakness of the euro against the dollar continues, tourist arrivals in July and August are expected to be higher than in the same months of 2019.

American tourism in Madrid

The capital of Spain is the biggest beneficiary of this trend. The United States represents 15% of travelers who receive it, explains Country,

As the article states, “One of the main attractions of American tourists is their high purchasing power and their greater propensity to shop.”

In this sense, The average cost per stay and one visitor to the United States is 1,882 EurosThe average number of travelers choosing Spain as their destination is much higher (1,119).

This is how the major issuing markets of the Iberian country behave: the United Kingdom (1,109) or Germany (1,159).

According to the media, the case of France deserves special attention: “The average disbursement made on a trip (763) is less than half that of the United States.”

Why are US tours increasing in Madrid?

Among other factors, the famous Spanish outlet refers to the close public-private collaboration, Iberia’s commitment to expanding ties with various US cities and the advent of large North American chains such as MarriottHyatt, Four Seasons O Hilton,

Nation World News Desk
Nation World News Desk
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