SPAIN LIKELY TO EXCEED 90 MILLION FOREIGN TOURISTS IN 2024

Laura Maudlin -
Holy Week is less than two weeks away, and the current forecast for occupancy rates is very optimistic. This is the first significant holiday wave of 2024, and it is expected to be a year in which tou ...

CHINESE TOURISTS REGAINED THE LEADING POSITION IN VISITING RUSSIA

Andrea Hausold -
According to the border service of the Federal Security Service (FSB), the number of foreign tourists visiting Russia has tripled from January to September 2023 in comparison to the previous year. ...

THE REAL ESTATE CRISIS IN CHINA IMPACTS TOURISM

Gary Diskin -
Chinese tourists were the top travelers in the world in 2019. They spent over $250 billion collectively abroad, almost twice as much as their closest rivals, the Americans. Additionally, they recorded ...

ITALY IS THE LEAST ATTRACTIVE EU COUNTRY FOR TAX-FREE SHOPPING

Bill Alen -
Non-EU tourists can benefit from tax-free shopping by recovering the VAT on the products purchased, but the Italian legislation provides for a minimum spending limit (Minimum Purchase Amount) to take ...

LUXURY TOURISM MARKET IN EUROPE WORTH BETWEEN 130 AND 170 BILLION EUROS

Larry Brain -
Luxury tourism in Europe is a market estimated at between 130 and 170 billion euros per year, which could triple within 10 years thanks to the development of certain destinations and investments in in ...