Spain | Analysis of National Tourist Flows in Real Time in Dec-21

According to BBVA credit card spending data, tourist spending made by Spaniards remained 4% above the 2019 records in December (5% in November and 77% y / y). If spending by Spaniards abroad is excluded, the advance stood at 11% (14% in November and 71% in y / y).

Key points

• Key points:
• Spending exceeded 2019 levels by 10% in the first three weeks of December, thanks to the effect of the Constitution holiday.
• However, after the increase in the Covid incidence due to the new variant, tourist consumption was, in the last week of the month, around 10% lower than two years ago.
• The holidays drove the increase in spending in a generalized way at the beginning of December, but the increase in the subsequent incidence deteriorated consumption at the end of the month, except in the Balearic Islands. Aragón, Canarias, C. Valenciana and País Vasco were the only regions that regained the level of 2019 at the end of the year.
• In the accumulated for the year, spending outside the habitual residence was 7 pp below the 2019 records (2 pp higher if spending abroad is excluded). Andalusia, Castilla-La Mancha and Galicia led the way, while Madrid, Balears and La Rioja did not reach the levels of two years ago.

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