Recession, what recession? Certainly the latest tourist figures for Lanzarote highlight once again the highly selective nature of the recent economic downturn. As whilst wages and living standards are falling for many Spaniards their beaches and cities are packed with more tourists than ever – according to Frontur, who recorded record visitor levels of over 34 million holidaymakers during the first half of this year.
During July alone 7.9 million people touched down at one of Spain’s many international airports to enjoy their break in the sun. This figure was up by nearly 3% on July 2012 and once again it has been British tourists leading the charge, accounting for around 1.8 million of these visits.
The biggest winner has been the region of Andalusia in southern Spain, home to some of the country’s best known beach resorts, such as Malaga. But a similar trend has also been in evidence on Lanzarote throughout the course of 2013, with the UK once again proving to be the island’s largest and most important source of visitors by some distance.
The most recent figures for Lanzarote reveal that during September 2013 the number of holidaymakers visiting the island grew by 5.29%, as 181,610 passengers passed through the island’s sole international terminal at Arrecife. This is the seventh month in a row that visitor numbers have shown growth year on year and as a result total tourist arrivals are now up by 3.96% for the year to date – a trend which if maintained should see the island attract well in excess of 2 million visitors during 2013.
Double digit growth was recorded during May, June and August – figures which illustrate the strength of this recovery. And much of this upturn can be attributed to a revitalisation of the British market, presumably reflecting the recent economic upturn in the UK.
Examining last month’s figures in greater detail the UK accounts for nearly 50% of all tourist visits, with British holidaymakers totalling 86,507 of the months 181,610 arrivals – up by 9.1% versus September 2012. Spain, Lanzarote’s second largest market fell back little by 5.6%, a pattern repeated in Germany, the third largest market, where visitor numbers dropped by 7.4%. But these losses were more than covered by large gains elsewhere, as visitor numbers from Eire soared by 18.8% whilst other key markets such as Holland and France also showed increases.
Overall it is clear that Linarite is proving to be a reliable and resilient favourite with overseas tourists, which is excellent news for anyone who owns a holiday rental property here or is planning a future investment. As outlined in previous articles the market fundamentals remain in place to provide year round rental returns for property owners.