{"id":1671709,"date":"2022-10-04T09:57:15","date_gmt":"2022-10-04T13:57:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1671709"},"modified":"2022-10-04T09:57:27","modified_gmt":"2022-10-04T13:57:27","slug":"tourism-revenues-on-the-mend-in-mediterranean-countries","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tourism-revenues-on-the-mend-in-mediterranean-countries\/","title":{"rendered":"Tourism revenues on the mend in Mediterranean countries"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftourism-revenues-on-the-mend-in-mediterranean-countries%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1671709&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     Even if the number of visitors has still not quite recovered to pre-pandemic levels, Mediterranean countries are enjoying a much-needed boost as inflation and a strong sector recovery lift this year\u2019s tourist spending and tax receipts higher.<\/p>\n<p>The positive trend is one factor lending support to the heavily indebted economies of the region as they grapple with a spike in energy prices hitting both consumers and businesses.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>Spain on Monday reported that it received nearly nine million passengers through its international airports in August \u2013 about 87% of those who arrived in the same month of 2019.<\/p>\n<p>But higher prices meant tourist spending stood at 11.26 billion euros ($11.16 billion), nearly twice that recorded the same time last year and only fractionally down on August 2019. <\/p>\n<p>Spain expects tourism revenues to hit 151 billion euros this year, 98% of pre-pandemic levels when the tourism activity earned the country 154 billion euros, according to Exceltur, which groups major Spanish hotel chains, travel agents, tour operators and airlines. <\/p>\n<p>The number of visitors to neighbouring Portugal beat pre-pandemic levels in July for the first time since the end of most COVID-19 restrictions, the National Statistics Institute (INE) noted of 1.8 million foreign arrivals that month.<\/p>\n<p>That recovery, plus the impact of inflation, contributed to a 21.6% jump in tax revenues to 5 billion euros.<\/p>\n<p>Italy\u2019s tourist industry lobby Assoturismo estimates that 49 million tourists spent at least one night in a hotel during the June-August summer period \u2013 still 6.9% lower than in 2019.<\/p>\n<p>Yet separate data from the tourist industry association Federturismo confirmed the same pattern as elsewhere: revenues from foreign tourists during the period almost returned to their pre-COVID, levels, with a decline of just 0.9% from 2019.<\/p>\n<p>Greece\u2019s finance ministry expects tourism revenues to top 18 billion euros this year, beating their 2019 record. Net budget revenues for the first eight months of the year came in at 39 billion euros, some 5.6 billion euros above target, thanks to higher-than-expected tourism receipts and higher VAT revenues.<\/p>\n<p>The conservative government however has promised to spend the biggest part of the fiscal boon on energy subsidies.<\/p>\n<p>($1 = 1.0088 euros)<\/p>\n<p> (Reporting by Sergio Goncalves in Lisbon and Corina Pons Rodriguez and Belen Carreno in Madrid; Lefteris Papadimas in Athens; Angelo Amante and Gavin Jones in Rome; writing by Mark John; editing by Mark Heinrich)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/tourism-revenues-on-the\/attachment\/file-photo-visitors-pose-for-a-photo-with-the-ancient\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI930QE-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI930QE-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 Even if the number of visitors has still not quite recovered to pre-pandemic levels, Mediterranean countries are enjoying a much-needed boost as inflation and a strong sector recovery<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1671709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1671709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1671709"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1671709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1671709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1671709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1671709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}