Following the fall of the euro and the strengthening of the dollar, the Spanish press reports a significant increase in tourist arrivals from the United States.
According CountryThe regional currency, which has suffered a 10% drop since last April, is trading this week under the dollar.
According to the information provided, one of the most direct effects of this “strong dollar” is an increase in the cost of travel from Europe to America.
The other side of the coin is the movement of a North American country towards Europe and Spain, in particular.
“They have become 10% cheaper over the past four months and the data is already starting to reflect an increase in demand,” the aforementioned outlet says.
The National Institute of Statistics says 312,385 American travelers visited the country in May, up 90.8% from the same month in 2019.
They were also 95% higher than 2016 and 2017 and 2018 levels.
In the sixth month of the year, 377,366 tourists arrived from the United States, up 86.9% from the same period in 2019.
If the weakness of the euro against the dollar continues, tourist arrivals in July and August should be higher than those of the same months of 2019.
American tourism in Madrid
The capital of Spain is the biggest beneficiary of this trend. The United States represents 15% of travelers who receive it, explains Country,
As the article states, “one of the major attractions for American tourists is their high spending power and greater propensity to shop.”
In this direction, The average cost per stay and per visitor to the United States is 1,882 eurosThe average number of travelers choosing Spain as their destination is much higher (1,119).
This is how the major issuing markets of the Iberian country behave: the United Kingdom (1,109) and Germany (1,159).
According to the media, the case of France deserves special attention: “The average disbursement made on a trip (763) is less than half that of the United States.
Why are American tours increasing in Madrid?
Among other factors, the well-known Spanish outlet refers to the close public-private collaboration, Iberia’s commitment to expanding its ties with various American cities and the advent of major North American chains such as MarriottHyatt, Four Seasons O hilton,