Foreign tourists spent an estimated 14 billion euros in Spain in July with the British being the top spenders despite reports of a shortage of cash in Britain. On average the 10 million tourists to Spain in July spent 1.367 euros during their stay which on average lasted 7 days.
Tourism bosses had said that the British were cutting back on their spending but not on their holidays in the sun an estimated two million Britons came to Spain in July, an increase of seven percent. After the British came the French (1.6 million) and then the Germans (one million).
Spending by tourists rose by 17 percent which also takes into account the increase in hotel prices. The Balearics was the most popular holiday destination in Spain. Despite reports that Greece and Turkey were gaining in popularity amongst the British, the love affair between Britain and Spain shows no sign of going away. In fact, it is continuing to spend. While the German resigned supreme in Mallorca this summer it was the British who were the overall leaders across the Balearics.
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Until Mallorca diversifies from the tourism sector and adds more revenue streams to support itself, this can only be good news. To many residents I know it doesn't seem like that ("can't walk in the streets for back-packs and pushchairs") but the fact is that it's no good for anyone resident in Mallorca to see the island fail and it's only source of income reduce. If/when that happens, shops and restaurants will close, large numbers of people will become unemployed and the island's infrastructure will crumble. So celebrate these tourism figures and enjoy, while it lasts!