In 2024, the sector achieved its greatest outcome since 2019, with a contribution of virtually €249 billion to GDP
Worldwide tourism spending grew by almost 11% year-on-year
Madrid, Spain – The World Journey & Tourism Council (WTTC) forecasts that by 2025 the journey and tourism sector in Spain may attain a brand new all-time excessive, with an estimated contribution of €260.5 billion to GDP, equal to virtually 16% of the nationwide financial system.
Based on the newest Financial Influence Analysis (EIR), ready by WTTC in collaboration with Oxford Economics, these forecasts reinforce the function of tourism as one of many nation’s predominant financial drivers, with an estimated year-on-year improve of 4.7%.
WTTC tasks that by the tip of 2025 the sector will account for 3.2 million jobs in Spain, equal to 14.4% of complete employment.
By 2025, spending by worldwide vacationers is predicted to achieve €113.2 billion, with a year-on-year progress of 5.7%, whereas home spending may attain 84.9 billion euros, 2.4% greater than the earlier 12 months.
Spain stays a real international tourism powerhouse. The information displays a dynamic, resilient and always evolving sector, which not solely drives financial progress, but in addition creates high quality jobs and promotes regional growth. The forecasts for 2025 are very optimistic, and with a agency dedication to sustainability and innovation, Spain is effectively positioned to steer the way forward for international tourism, even in a difficult worldwide surroundings. Julia Simpson, President and CEO of WTTC
A glance again to 2024
Throughout 2024, the Spanish tourism sector skilled its greatest 12 months since 2019. Its contribution to GDP rose by virtually 8% to €248.7 billion, or 15.6% of the financial system. It additionally employed 3 million folks, almost 14% of the nation’s complete jobs.
Spending by worldwide vacationers was €107.1 billion (up 10.9% year-on-year), whereas home spending reached 82.9 billion, up 2.2% on 2023. These segments accounted for 56.4% and 43.6% of complete expenditure, respectively. Leisure journey accounted for 88.3% of complete expenditure, in comparison with 11.7% for enterprise journey expenditure.
The principle supply nations for arrivals into Spain in 2024 had been the UK (20%), France (14%) and Germany (13%).
The locations most visited by Spaniards had been France (25%), Italy (14%), the UK (8%) and Portugal (8%).
The subsequent decade
Waiting for 2035, the WTTC tasks that the tourism sector may contribute €315.7 billion to the GDP, which might characterize greater than 17% of the Spanish financial system, in addition to 4 million jobs, 700,000 greater than at current.
Regional knowledge: European Union
In 2024, the EU journey and tourism sector contributed virtually €1.8 trillion to the area’s GDP, or greater than 10% of its financial system. This determine exceeded 2019 ranges by virtually 6%. Employment related to the sector grew by 4.7%, year-on-year, to 24.6 million jobs, accounting for one in 9 jobs throughout the area.
Home journey spending within the EU reached €1 trillion, whereas spending by worldwide guests reached €515 billion.
By 2025, WTTC forecasts that the regional sector will attain virtually €1.9 trillion, representing 10.5% of the EU financial system. Employment linked to the sector is estimated to complete 25.7 million folks, or 12% of the regional complete.
As well as, the company expects worldwide spending to develop by greater than 11% to €573 billion, and home spending to extend by 1.6% to greater than €1.1 trillion.
For extra info and to entry the complete factsheet, please go to WTTC’s Analysis Hub.
About WTTC
The World Journey & Tourism Council (WTTC) represents the worldwide journey & tourism non-public sector. Members embrace 200 CEOs, Chairs and Presidents of the world’s main journey & tourism corporations from all geographies masking all industries. For greater than 30 years, WTTC has been dedicated to elevating the notice of governments and the general public of the financial and social significance of the journey & tourism sector.