The tourism sector once again breaks records and consolidates its role as a driver of growth
In 2024, tourism GDP experienced another year of significant growth, with an estimated increase of 6% in real terms, roughly doubling that of the economy as a whole. This performance was driven by a sharp rise in the number of foreign tourists and their average spending,…
05 February 2025
What do the elasticities of international tourism demand tell us about the growth of the tourism sector in Spain?
The key to the sustained increase in international tourist arrivals is the high sensitivity of demand to income growth in the source countries and a relatively moderate increase in domestic prices relative to the bigger increases occurring in competing destinations.
05 February 2025
What factors have contributed to the reduced seasonality of tourist spending in Spain?
Although the summer months continue to account for a large part of tourist flows, travel outside the high season is growing more rapidly, especially among Europeans and among Spaniards with medium and high income levels.
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