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Tourist spending is 'mostly in supermarkets', study finds
06 February 2020 @ 15:55

TOURIST spending in Spain continues to rise, but anyone hoping to capitalise on this needs to know what, in fact, is spent and where.

According to the Trade and Territory Office of Valencia's Chamber of Commerce (PATECO), in the Comunidad Valenciana alone, a record number of holidaymakers – 29.5 million – was seen in 2019, including Spaniards living in other parts of the country.

Collectively, the region's 29.5 million spent just over €13.4 billion over last year.

Of this, a total of 15.8%, or slightly more than €2.1bn, went on supermarket produce.

The percentage rises to nearly the entire total in the case of tourists who have holiday homes and do not need to spend on accommodation during their stay.

Of the €2.1bn spent in shops, for every €10, a total of €6 is shelled out in supermarkets on daily consumer goods such as food, drink, toiletries and cleaning products.

The remaining €4 in every €10 goes on clothes, shoes, technology, toys, and souvenirs.

Holidaymakers with a second home in the region, and those who rent holiday accommodation such as apartments or villas, are the ones who spend the most of their budgets on everyday groceries – out of the €1.34bn this tourist segment parts with every year, 63.2% is in supermarkets.

The Comunidad Valenciana has some of the highest numbers of privately-owned tourist accommodation in the country – either holiday homes owned by the tourists themselves, or owned by other individuals, couples or families who rent them out for holidays.

These alternatives to hotels, aparthotels and other resort complexes means package holidays in the Comunidad Valenciana are among the minority.

Tourists staying in hotels and resorts spend 66% of their money – estimated to be €416m a year in the eastern region alone – on 'occasional use' consumer goods, such as clothes, electronics, souvenirs and other items not needed for daily living or which do not 'run out'.

Read more at thinkSPAIN.com

 



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2 Comments


anthomo16 said:
08 February 2020 @ 10:19

Thank goodness for tourists it saves the businesses from going out of business.


pjck said:
08 February 2020 @ 12:30

Without tourists they would be bankrupt.


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