Wednesday, February 13, 2013

Travel and Tourism's Direct Contribution To The National GDP in Spain Was 5.3% In 2011

The World Travel and Tourism Council. During the review period 2007–2011, the total number of trips undertaken by residents, including both domestic and international trips, increased from 156.7 million in 2007 to 184.1 million in 2011, at a compound annual growth rate (CAGR) of 4.09%. While outbound and domestic trips increased at a healthy review-period CAGR of 5.90% and 3.96% respectively, inbound tourism declined at a CAGR of -1.57% due to the prevailing economic conditions in Europe. Domestic tourist volume accounted for 93% of the country’s total tourist volume in 2011. During the same year Spain had 171.3 million domestic tourists and recorded a review-period CAGR of 3.96%.

 

To Know More - The Future of Travel and Tourism in Spain to 2016

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