Spending by foreign tourists in Italy grows by 17% in 2023 - Business

2024-03-12T12:22:09.279Z

Highlights: Spending by foreign tourists in Italy grows by 17% in 2023. Increase in tourism revenue is due largely to the growth in arrivals, particularly from outside the EU. Italy's balance of payments in tourism recorded a surplus of 20.2 billion euro, up from 18.2billion euro in 2022.Holiday trips accounted for 62% of total spending by foreigntourists in Italy, the Bank of Italysaid said on Tuesday. As a percentage of GDP, the surplus rose to 1%, the same as in 2019 before the Covid-19 pandemic.

Spending by foreign tourists in Italy grew by 17% in 2023 over the previous year, the Bank of Italy said on Tuesday. The increase in tourism revenue is due largely to the growth in arrivals, particularly from outside the EU, the central bank added. (HANDLE)