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Tourists singing Y Viva Espaņa again.

News Date: Monday, October 03, 2011

LONDON (SHARECAST) - Spain received almost 40 million international tourists in the first eight months of the year, a 7.8% increase compared to the same period of last year, according to the Frontur survey by the Institute for Tourism Studies.

Spain beat an all-time record with 7.64 million international tourists in August. It is the highest monthly entrance of international tourists since Frontur statistics were first compiled in 1995.

In August, there was a 16.7% increase of US tourists, a 12.3% increase of German tourists, and a 10.5% increase of Italian tourists.

Commentary.

The Spanish economy has not been seeing many positive economic headlines lately. However, a close eye should be placed on tourism as it is a driving force in an economy lacking internal demand.