Foreign tourists in Italy spent 5.2 bn in May

Foreign tourists in Italy spent a record 5.2 billion euros in May, up 17% on the previous year, the Bank of Italy said Tuesday in its periodical survey of international tourism.
Meanwhile Italian travellers abroad spent 2.4 billion euros in the same period, up 9%, it added.
The budget surplus of tourist payments in May totalled 2.8 billion euros, up from 2.2 billion recorded in May 2023, the Bank of Italy said.

‘Inflation in tourism sector +4,1% in July’

Inflation in the tourism sector in July rose by 0.8% on a monthly basis and 4.1% on an annual basis a Demoskopika survey said Tuesday The average inflation rate went up for package holidays (from 13.8% to 19.5%), hotels and restaurants (from 4.2% to 4.3%) as well as recreational and cultural services (from 2.4% to 3.8%).
Conversely, inflation decreased in transport services (from -1.4% to -2.2%).
The acquired inflation in the tourism sector for 2024 stood at 4.5% said the study.
Overall, the dynamic of the harmonized index of consumer prices (HICP) for Italy registered in June a 4.0% increase on an annual basis (stable compared to May 2024, +3,9%) compared to the EU average of 4.9%.

Via ANSA