Costa del soaring? Malaga reports tourism generates €500m
Photo: McTraba
According to a report from the Spanish National Statistics Institute (INE), the growth of the tourism industry in Malaga has generated more than €500 million in the last six months.
The data shows a 13.4 per cent increase in tourism in the region compared to the same period last year, with a whopping 407,155 tourists visiting Malaga in the first quarter of 2014, staying an average of two nights.
Furthermore, budget airline Flybe have foreseen the summer tourist stampede to continue well into the rest of year, extending their winter schedule from airports in the UK to popular destinations in Europe. In particular, Flybe have added extra flights from Southend to destinations across Spain, providing a year round schedule from Essex to ITV'S The Only Way is Essex casts' destination of choice: 'Marbs', otherwise known as Marbella on the Costa del Sol.
Interestingly, hotels.com reported a surge in interest in the area after the programme aired in June, with figures showing a 72 per cent increase of enquiries since the Essex 'in crowd' started holidaying at the popular Spanish resort, spelling great news for property owners in the region.
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España comments: "These new year round flights operated by Flybe from Southend Airport are really terrific news for both our prospective buyers looking to make their stay in the Spanish sunshine more permanent and our current Taylor Wimpey de España home owners. Holidaymakers who will be flying in to Spain from Essex will all need a holiday apartment, villa or hotel to stay in which bodes well for our existing owners who are keen to let out their homes.
"There is a great deal of affluence in the South East of England and we look forward to showing these potential buyers around our beautiful show homes as the only active developer in the region; it is difficult not to want to buy once you have seen the fabulous properties available here at affordable prices."