With the falling pound and the financial crisis spreading throughout Europe in 2008, 1 million British tourists have stopped coming to Spain for it’s sun and beaches.

The decrease in tourism will have profound effects, considering that Spain relies on tourism for approx. 10% of its Gross Domestic Product (around 100 billion euros per year). As the pound lost value and nearly fell to a parity with the Euro, cost-conscious Brits looked to other destinations such as Turkey and Egypt.

Related news articles:

1. Brit Tourists Increase 9.5 Percent – TURKISH DELIGHT
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3. 11.8 per cent less foreign tourists visiting Spain
4. Spain sees 10 per cent less tourists
5. Spain’s tourism downfall continues