Canary Islands still the biggest earner in the Mediterranean

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Despite the economic downturn and stagnant tourist trade, new figures show that the Canary Islands defy expectation and remain the revenue leaders in the region.

Travelsoon

The Canary Islands continue to perform strongly despite the global tourism crisis. With these recent figures, many on the island are starting to hope that the worst of it is over

The Canary Islands have surprised analysts with healthy revenue projections for Q1 2010, with the islands claiming a turnover of 3.21 billion Euros, despite a small decline in visitor numbers compared to 2009 figures. The Canary Islands continue to attract more revenue than its traditional regional rivals Morocco, Tunisia and even Turkey. This includes a staggering 15% increase in sales of Gran Canaria holidays during the period, with 1.5 million tourists having visited the island so far this year.

“The Canary Islands continue to perform strongly despite the global tourism crisis. With these recent figures, many on the island are starting to hope that the worst of it is over,” says Luke Nathan of travel consultants Travelsoon. “While visitor numbers are actually down a couple of per cent, the Canary Islands’ revenue estimates are incredibly healthy, particularly when compared to Spain itself – or any of the islands’ rival African and Mediterranean destinations.”

According to figures from January, 31.3% of all tourists to Spain are in fact visiting the Canary Islands, with week-long Tenerife holidays proving the most popular package. The Canaries strong revenue performance can be attributed in part to its hotel base – with hotels on the islands being among some of the most profitable in the whole of Spain. According to a survey by the Partnership for Excellence in Tourism in Spain, Canary Island hotels and resorts have ranked in the top seven spots in terms of profitability.

“After last year’s figures revealed the worst year for Canary Island tourism in 16 years, things are finally starting to look up,” continues Nathan. “It’s a testament to the islands’ draw that even during the ash cloud chaos in May, sales of Lanzarote holidays were up 15% for the month.”

Meanwhile, the Canary Islands have been enjoying their warmest summer in years, with Spanish meteorologists placing them on a “yellow alert” as forecast temperatures rise to 38°C (99°F).

About Travelsoon.com:
Travelsoon is one of the leading travel consultancies in the country, specializing in tailor made and package holidays for our new and established client base. With offices in Romford, Essex, as well as Central London, Travelsoon works in conjunction with some of the leading tour operators to provide solutions for all manner of our client’s holiday requirements. Travelsoon’s commitment to consumer satisfaction means that our staff is mindful of the customer experience as a whole, and implements the most up to date technology and systems to ensure their needs are met and exceeded. Our consultants are dedicated to establishing and cultivating relationships with our partners as well as our customers to ensure their holiday stay is unforgettable. Praised for their innovation and creativity, the firm employs over 100 staff and our market share grows from strength to strength.

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Luke Nathan
Travelsoon.com
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