Foreign tourist spending in Italy rose by 80% this summer, the Bank of Italy said on Friday.
It was a summer of “strong arrivals and high spending by foreign tourists in Italy,” the Italian central bank said.
According to the tables published by the Bank of Italy, foreign tourist spending rose by 80% in the June-August period. This in comparison to the same three-month period a year ago.
Compared to pre-pandemic levels, the gap has been eliminated for incoming flows; while it is only slightly negative for outgoing flows.
In August alone, Italy’s balance of payments in tourism recorded a surplus of 2.6 billion euros. Tourism revenues, equal to 6.3 billion, increased by about 35%.
It would appear the tourism vacancies did not have the negative effect forecast.