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TREASURE ISLANDS Tourist Spending Tops 7 Billion Euros

Tuesday August 8, 2017

TREASURE ISLANDS Tourist Spending Tops 7 Billion Euros

Tourist spending in the Canaries soared by 13% during the first half of 2017, according to data just released by the Institute of National Statistics. As a record breaking number of visitors splashed out just over seven billion euros on their holidays in the archipelago during the first half of this year.

In total 37.22 billion euros was spent on holidays in Spain during this period, an increase of nearly 15% year on year. And the INE data reveals that the Canaries accounted for 21% of all of this tourist expenditure - equivalent to one in five of of every tourist euro spent on travel to and in the country.

The British are the top spenders - shelling out 7.55 billion euros on their Spanish holidays (around 20% of all expenditure). Followed by the Germans (5.36 billion) and the Scandinavian countries (3.23 billion).

On average, a typical tourist now splashes out 1065 euros per head - a figure that is up 3% year on year.

Within the Canaries, Lanzarote accounted for 1.37 billion euros worth of tourist expenditure during the first half of 2017. However, as is the case elsewhere in Spain, the vast majority of this money is spent in the country of origin on items such as flights and accommodation.

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