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Foreign Tourists Spent EUR 77 Billion in Spain in 2016

Written by: Bridgewest

Foreign-Tourists-Spent-EUR-77-Billion-in-Spain-in-2016.jpgThe tourism industry flourished in Spain in 2016, as a record number of tourists preferred this country as their traveling destination. Overall, incoming tourists spent EUR 77 billion, which represented an increase of 8.3% compared to the situation of 2015. Foreign investors who are interested in opening a company in Spain should know that businesses operating in the field of tourism are required to obtain specific permits and licenses, designed for each type of commercial activity. Our team of company formation representatives in Spain can offer an in-depth presentation on the documents that must be submitted with relevant authorities in this case. 


Characteristics of the Spanish tourism in 2016 

An important aspect related to the Spanish tourism in 2016 is that the number of British tourists increased by 12.3% compared to 2015, reaching a total number of 16.9 million. 
Foreign investors who are interested in the procedure of company formation in Spain can opt to open a traveling agency in the one of the most visited locations. In 2016, foreign tourists preferred to travel in Catalonia and the Balearic Islands. Catalonia received 17 million tourists (data measured from January to November 2016). This represented an increase of 3.8% compared to the situation of the previous year. 
Balearic Islands ranked as the second traveling destination in Spain, accounting for 12.9 million tourists, while the third location, the Canary Islands, received 12 million visitors
It is important to know that the increasing number of tourists offered numerous employment opportunities, thus reducing the level of unemployment in certain regions. Our team of company formation agents in Spain can offer more details on the Spanish workforce and the employment regulations available here. 

Tourism industry in Spain  

Investors are advised to choose Spain for a tourism-related investment activity as this sector is one of the most representative for the local economy. Spanish tourism accounts for 16% of the Gross Domestic Product. 
Businessmen are invited to contact our consultants in company formation in Spain for more details related to the companies operating in this sector. 

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