Tourism spending in Portugal boosted in 2010By Kerstin Buechner Dias • Jan 5th, 2011 • Category: Company News
Tourism spending was on the up in Portugal in 2010, according to positive end-of-year research published by the Bank of Portugal.
In a boon to homeowners in holiday resorts, such as Quinta do Lago, the figures showed that the tourism industry in Portugal saw a 12.1% increase in spending in 2010 – generating almost six billion euros in the first nine months of the year.
This was well up on figures for 2008 and 2009, which were considered stellar years for tourism in the country. In fact, tourism’s financial performance was 44 million euros more than in 2008.
According to the bank, foreign tourists contributed to almost half of the total returns in 2010. The Dutch spent 20% more than they did in 2009; English tourists spent 12.5% more than the previous year, while Germans spent 11.8% more euros in Portugal in 2010 when compared to the previous year.