Market Research Report
Tourism Source Market Insight: Spain - Analysis of tourist profiles & flows, spending patterns, destination markets, risks and future opportunities
|Published by||GlobalData||Product code||805278|
|Published||Content info||37 Pages
Delivery time: 1-2 business days
|Tourism Source Market Insight: Spain - Analysis of tourist profiles & flows, spending patterns, destination markets, risks and future opportunities|
|Published: March 8, 2019||Content info: 37 Pages||
Spanish tourists spend an average of US$212.09 per domestic trip. This is a YOY increase of 9.3% from 2017. France's growth in terms of average spend domestically between 2017 and 2019 stands at 3.3% and Germany's is set to expand at a rate of 4.4% in this time period. This once again reflects the improving economy in Spain giving Spanish tourists an increase in recreational expenditure.
Domestic tourism is significantly stronger than international tourism within the Spanish source market. Total outbound trips stand at 18.4 million; domestic trips are over nine times more frequent at 166.7 million. However, international travel is growing at a quicker rate. Between 2018 and 2019, international travel growth is expected to grow at a YOY increase of 6.4%, compared to 3.9% for domestic travel growth over this time period.
Spain's international expenditure on tourism is growing at an expansive rate. Total international expenditure grew from US$38.1billion in 2017 to US$40.8billion in 2018 at a YOY increase of 7.1%. This increase is forecast to lead on to a CAGR in outbound tourism expenditure of 15.6% between 2019 and 2022.
The report "Tourism Source Market Insight: Spain", report provides a thorough insight into Spain's domestic and outbound tourism market. The report looks at the profiles of Spanish tourists and summarizes the key reasons that they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the Spanish outbound travel market. This report provides an in-depth analysis of traveler flows, spending patterns, main destination markets, as well as current and future opportunities for tourism businesses seeking to tap into the Spanish outbound travel market.
Companies mentioned: VisitBritain, Vueling, IAG, Norwegian, Cantillon Brewery, Grgich Hills Estate