The reactivation of international tourism is having a clear reflection on the Spanish economy, whose income from tourism was close to 15.4 billion euros in the first four months of the year, approaching pre-pandemic levels thanks to Easter and the end of mobility restrictions, According to the latest balance of payments data from the Bank of Spain.
Income from tourism – the expenditure made by foreign travelers in Spain – has registered significant increases since the beginning of the year, gradually approaching levels marked in 2019. Between January and April 2022, Spain received a total of 15,382 million euros from spending in tourism and travel made by international travelers, almost nine times more than those registered in the first four months of last year.
These figures are similar to the level registered before the pandemic, when between January and April 2019 a total of 17,259 million euros were entered for the same concept, according to the aforementioned indicator.
Only last April, income from tourism climbed to 5,739 million euros, thanks to the pull of a Holy Week in which the tourism sector benefited from a strong recovery in demand. A figure that already exceeds the income generated by foreign tourists in Easter 2019, prior to the pandemic when it exceeded 5,566 million euros, reports Europa Press.
In this sense, the surplus generated by tourism in the Spanish balance of payments reached 12,557 million euros in the first four months of the year, well above the positive balance of 748 million euros in the same period of 2021.
In 2020, the sharp drop derived from the crisis caused by the coronavirus led Spain to lower its income to 16,202 million euros, the lowest figure in three decades.
Conforms to The Trust Project criteria
