Tourists flock to Valencia Property

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Valencia is Europe's Fastest Growing City for Tourists with an Increase of 22% in 2006.

Added: (Thu Feb 01 2007)

Valencia continues to achieve an ever growing international status and this is reflected in the latest data from the E.C.T.(European Cities Tourism) which shows Valencia topping the poll in tourist growth amongst Europe's cities.Tourist numbers increased by 22% in 2006 and overnight stays by 13.4%.

Over the past 15 years Valencia has achieved an unprecedented growth in tourists both national and foreign visiting the city. Tourists are attracted to Valencia by its all year round sunshine (320 days per year on average) and its ever expanding choice of cultural, leisure and sporting attractions.Valencia is also a significant player in the global trade fair sector with the biggest exhibition centre in Spain and one of the 10 biggest in the world situated just outside the city in Valterna. The furniture trade fair is the second biggest in the world, bettered only by Milan.

Tourism in Valencia

In 2006, 1.6 million tourists visited the city which has a population of just over 800,000 inhabitants rising to 1.5 million within a radius of 30 kilometers. Tourism is worth in the region of €1 billion to the local economy.Valencia is Spain's 6th most popular tourist destination numberwise.Its rate of growth in tourist numbers greatly exceeds that of Madrid and Barcelona.Since 1993, Valencia's tourist numbers have increased by 420% whereas Madrid and Barcelona have increased by 180% and 320% respectively.

Since 1992 the number of foreign visitors coming to Valencia has increased by 500% and comprises 38% of the total. British and Italian tourists make up the majority of the foreign tourists visiting Valencia with around 80,000 each followed by the Germans and the French at 40,000 each. Tourists are visitng the city all year round and proof of this is the fact that at least 100,000 visitors monthly come to Valencia.

Valencia has in the region of 16,000 hotel places, two thirds of which are 4/5 star. It is estimated that the America's Cup will be worth €1.3 billion to the local economy.Mr. Jose Salinas, director of the Valencian Tourism Foundation Convention Bureau estimates that the America's Cup tourists will spend on average up to 30/40% more daily than the average tourist who spends €170 daily on average. He also expects the hotels to be at 100% occupancy rates between April and July when all things sailing will take over the city.

Valencia Tourism was created in 1992 to promote the city, doing so via roadshows that have visited the world's premier cities such as London, New York, Paris and Milan to name but a few.

Evidence of the city's growing international prestige is the arrival of luxury cruise liners such as the Queen Mary which regulary stops off in Valencia. With the arrival of the America's Cup the city's marina will be renamed The Juan Carlos 1st Royal Marina of Valencia becoming the Med's largest marina surpassing Monaco. The city's futuristic looking City of the Sciences complex designed by the the world famous Valencian architect Santiago Calatrava, the America's Cup, the prospect of Formula 1 in the near future and continued Champions League success will undoubtedly continue to maintain Valencia's merited international presence.

All of this is excellent news for the growing band of non resident property owners especially those with property in the prime areas of the city.As the city continues to achieve a higher international profile it will attract a wealthier yet more demanding property buyer making the area one buys in all the more important and further underlining the need of an experienced property search company such as Valencia Property Hound.


Article by Dermot Quinn, Valencia Property Hound Ltd

 

 

 


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