Complete report available @ http://www.rnrmarketresearch.com/travel-and-tourism-in-spain-to-2017-market-report.html .
During the review period, tourist volumes in Spain decreased due to the country’s worsening economic conditions, and declining price competitiveness of coastal tourism. The country’s inbound tourist volume expanded marginally at a CAGR of 0.22% during the review period (2008−2012) and is expected to record a forecast-period (2013−2017) CAGR of 0.84%. However, government expenditure on tourism was relatively low at EUR160.0 billion, representing 15.2% of total GDP in 2012, in comparison with neighboring countries such as France, which spent EUR197.6 billion. This may have an adverse impact on the travel and tourism sector in the country.
