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June 20, 2013

Spanish tourist visitors up by 1 million in 2012

BY: AP Staff Writer JANUARY 16, 2013 | MODIFIED: JANUARY 16, 2013 AT 9:31 AM
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Photo - Office workers walk in the business district of Madrid, Tuesday Jan. 15, 2013. Spain has sold an above-target euro 5.8 billion ($7.74 billion) in short-term bills at a sharply reduced interest rate, reflecting easing investor concern over the country's ability to manage its finances without a bailout. Spain's borrowing costs have plunged from unsustainable highs last year after the European Central Bank pledged to help countries by buying up their short-term bonds if they apply for help. Spain says it does not need outside aid for the moment.(AP Photo/Paul White)
Office workers walk in the business district of Madrid, Tuesday Jan. 15, 2013. Spain has sold an above-target euro 5.8 billion ($7.74 billion) in short-term bills at a sharply reduced interest rate, reflecting easing investor concern over the country's ability to manage its finances without a bailout. Spain's borrowing costs have plunged from unsustainable highs last year after the European Central Bank pledged to help countries by buying up their short-term bonds if they apply for help. Spain says it does not need outside aid for the moment.(AP Photo/Paul White)
Topics: Travel

MADRID (AP) — The number of tourists visiting recession-stricken Spain rose by one million people, or 3 percent, in 2012.

Industry, Energy and Tourism Minister Jose Manuel Soria said Wednesday that 58 million people visited Spain last year, up from 57 million in 2011.

Tourism and exports are the two main sectors that have managed to skirt the economic crisis plaguing Spain since the collapse of the country's bloated real estate sector in 2008 fueled concerns about its banks and public finances.

Spain is battling to emerge from its second recession in three years and has an unemployment rate of 25 percent, the highest in the European Union.

It is one of the world's top three tourist destinations along with France and the United States. Tourism accounts for about 11 percent of GDP.

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