Figures on Spain’s Tourist Economy

It has been established in many nations that tourism is one of the biggest industries. Many countries, like Spain, allot national budgets for the improvement of many facilities for tourists. Aside from that, resources are set aside to encourage and invite foreigners to travel and visit the many sights in Spain. The annual expenditure of Spain for travel and tourism alone reaches over $45 billion. There are many ideal qualities of the Spanish region which attract many foreign visitors every year. Among these are the climate, beaches, and historic sites of the country. 

According to the United States Office of Travel and Tourism Industries, in 2005 to 2006, there were about 995,000 travels by US tourists to Spain. Further more, data presented by the National Statistics office of the United Kingdom state that Spain is among the most favorite European places to visit by UK residents. In 2005 alone, there were an estimated 13.8 million UK residents who traveled to Spain for their vacation. It was also detected by analysts that the revenue of Spain from online travel bookings by foreign visitors is showing significant increases over the past years. More and more hotels are now being built in Spain to accommodate the every-growing tourism industry of the country.

The World Tourism Organization (WTO) has its headquarters in the Spanish capital of Madrid. In a WTO report in 2007, there are about 60 million international visitors to Spain every year. Second to France, Spain is known as one of the most favorite world destinations. According to Euromonitor International, not only are UK residents fond of visiting Spain, but also German and French tourists as well, with numbers increasing every year.

As you can see, there are many reasons why Spain should be in your itinerary when you take a holiday with your family. Find out more about the sights and attractions in Spain, and check out the accommodations available.