The Balearic Islands record the best tourist spending in a full year: 17,316.4 million in 2022

Feb 3, 2023 | Current affairs, Featured, Revista Lloseta, Thursday Daily Bulletin, Tradition

The Balearic Islands recorded the best year in its history for tourism in 2022, in terms of spending and profitability of visitors, both national and international. Specifically, last year represented the highest tourist expenditure in its history for this period, 17,316.4 million euros, 4.88% more than the previous best record, which was in 2019, with an income of more than 806 million additional in relation to that period.

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The Balearic Islands

Moreover, as evidenced by the Tourism Expenditure Survey (Egatur) made public today by the National Statistics Institute (INE) and Ibestat, which adds the variable of the national tour. In this line, the average expenditure per visitor during 2022 was 1,051 euros, 4.06% above the data for 2019 (1,010 euros). And the average daily expenditure per tourist -both national and international- is also at a high level, 159.82 euros, 5.14% above the 152 euros of 2019.

According to Egatur, the Balearic Islands accumulated expenditure of 15,219.9 million euros by international tourists during their holidays in the archipelago last year, to which must be added the 2,096.52 million euros spent by national tourists.

Tourist flow

With regard to visitor arrivals, in 2022 the islands have managed to recover almost all the tourism lost during the pandemic caused by COVID-19, achieving an increase in profitability thanks to higher spending by visitors. The Balearic Islands closed the year with practically the same number of tourists as in 2019 (-0.003%), 16.47 million, both national and international, as shown by the Border Tourist Movement Survey (FRONTUR) and Ibestat.

Positive assessment of 2022

The Councillor for Economic Models, Tourism and Employment, Iago Negueruela, has made a very positive assessment of the evolution of tourism activity, both in terms of spending and visitor numbers, given that the Islands’ economy continues to show strength even in the months of lower activity, with record tourism spending and profitability.