Spain sees influx of tourists from USA
Spain is the holiday destination of choice for millions of Europeans and has long held a particular place in the hearts of many British and German holidaymakers in particular.
And now it seems that visitors from across the Atlantic are finding out about the country’s appeal, as tourism research agency Frontur reports that arrivals in Spain from the USA increased by 35.7% in March 2013 compared to 2012, a total of almost 100,000 travellers.
However, it is not just Americans that are increasing their market share in Spanish tourism. Overall figures for the all-important industry when it comes to the ailing Spanish economy increased 7.9% year-on-year in March 2013.
In the first quarter of this year the number of holidaymakers visiting the country increased by 2.3%, meaning that over 9 million tourists went to Spain during that period.
Of these, Brits and Germans made up 19.9% and 11.9% respectively. French holidaymakers increased their share of the total numbers entering the country with arrivals rising by 16%.
One reason that the Costa Blanca is proving to be a particular hotspot for American holidaymakers is the good travel connections. Direct flights operate from New York, Atlanta, Miami, Boston, Philadelphia, Newark, Charlotte, Dallas and LA to Madrid and there is a high-speed rail link straight through to Alicante.
What these positive pieces of news mean for the Spanish property market is yet to become clear, although a healthy tourism industry generally means good returns on rental yields due to high demand.
It could also mean that American buyers may start to become a force for the purchase of second homes in popular locations such as the Costa del Sol.
If you are thinking of investing in Spain, always check the exchange rates offered by specialist currency companies. They are often far more competitive than those on offer from banks and can prove the cheapest way to send money abroad.