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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Wanda Rich

    Posted on October 4, 2022

    Featured image for article about Top Stories

    MADRID (Reuters) -The number of foreign tourists visiting Spain in August remained well below the 10.12 million who came in August 2019 before pandemic-related travel restrictions ravaged the industry, but their spending approached the levels of three years ago.

    Tourist numbers increased by 70% in August from the same month last year to 8.82 million, official data from the Statistics Institute INE showed on Tuesday.

    As a result of higher prices, the fewer tourists spent almost as much as in August 2021, 11.26 billion euros ($11.10 billion), down from 11.70 billion in August 2019.

    “The spending on tourism is an indicator that measures how we managed to exit the pandemic by strengthening the quality of our tourism industry,” Tourism Minister Reyes Maroto said on state broadcaster TVE.

    The tourism-dependent Spanish economy had recorded one of the deepest economic contractions in Europe in 2020 and is still struggling to get back to pre-pandemic levels.

    ($1 = 1.0140 euros)

    (Reporting by Inti Landauro, editing by David Latona and Ed Osmond)

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