Hotel expenditures made by card in Spain, which grew by nearly 60% in June 2022, decreased to 3% annually in August.

Card hotel spending lost pace in Spain

Hotel expenditures made by card in Spain, which grew by nearly 60% in June 2022, decreased to 3% annually in August. As with other tourism and leisure services such as accommodation, restaurants, entertainment and sports, the increase in travel-related expenditures seems to be ahead in August, although it lost momentum compared to the previous two months.

Card spending in tourism

The increase in card purchases in tourism and leisure-related sectors such as travel, accommodation, transportation, restaurants and, to a lesser extent, leisure and sports, moderated in August, according to BBVA data. In annual expenditure growth; travel attracted attention with 60%, bars and restaurants with 33% and hotels with 8%. In June it was over 50%.