The internal tourism expenditure on air passenger transport services in Spain rose from 7.95 billion Euros in 2016 to 12.58 billion Euros in 2023. The data show fluctuations, with notable growth until 2019, a sharp decline in 2020 due to the pandemic, and a gradual recovery afterward. In 2021, expenditure increased by 135.23%. By 2022, it saw a further rise of 40.73%, reaching 10.28 billion Euros. In 2023, the expenditure rose by an additional 22.46%, totaling 12.58 billion Euros.
• Year 2021: 135.23% YoY, -8.69% CAGR
• Year 2022: 40.73% YoY, -1% CAGR
• Year 2023: 22.46% YoY, 59.45% CAGR
Forecasts for 2024-2028 indicate a steady increase, with an average annual growth rate (CAGR) of 2.6%, leading to an expected expenditure of 14.95 billion Euros by 2028. Future trends to watch for include potential impacts of economic conditions on travel demand, advancements in aviation technologies, and policies affecting tourism and travel.
