Overview
- INE data show the ‘turismo y hostelería’ CPI has climbed about 23% in Spain since 2019, with Galicia posting the largest increase at roughly 26%, and a 98% rise since 2002 compared with 71% in the Canary Islands.
- Since 2019, prices rose sharply across key items: hotels +33%, national package tours +43%, restaurant services +20.5%, domestic flights +10% and fuel about +20%, while international flights are 3.6% cheaper than pre‑pandemic.
- In the Balearic Islands, Ibestat reports July spending per tourist at €1,382 (+1% year on year) and daily spend at €225 (+9.9%), with January–July outlays reaching €12.97 billion (+4.7%) on nearly 11 million visitors (+2.5%).
- Segittur card‑transaction data for July in the Balearics indicate weaker retail categories, with restaurant takings down 15%, textiles down 9% and other commerce down 4%, offset by a 4% rise in supermarket spending.
- Industry voices describe a shift from volume to value, preferring roughly 85% occupancy to lift yields, while Exceltur and Caixabank indicators point to domestic demand losing steam after exceptional post‑pandemic growth.