Visa Europe has made public “The Mediterranean Rim Tourism Monitor” report covering 6 Mediterranean countries – France, Greece, Italy, Portugal, Spain, and Turkey.
According to the report, Turkey benefitted from the largest year-on-year increase in foreign consumer spendings in the first four months of the year. The report said foreigners’ spendings in Turkey, which amounted to 336 million EUR in January-April term of 2010, had risen to 444 million EUR in the same period in 2011.
Visa Europe said that foreign consumer spendings across the six Mediterranean countries between January-April 2011 totaled 7.5 billion EUR, reflecting a more than 14 percent year-on-year increase compared to the spendings worth 6.6 billion EUR during the same period in 2010.
Turkey benefitted the most in the said term with a 32 percent rise in foreign consumer spendings, followed by the 17 percent rise in Italy, 16 percent in Portugal, 14 percent in Greece, 12 percent in Spain and 10 percent in France, Visa Europe said.
Visitors from Britain, who spent 54 million EUR in Turkey in the mentioned period, had the top spot as the biggest foreign spenders in the country, followed by visitors from the United States, France and Germany, Visa Europe also said.
The Mediterranean Rim Tourism Monitor provides an indicator of foreign consumer spendings in France, Greece, Italy, Portugal, Spain, and Turkey based on the cross-border transactions that are processed by Visa Europe. VISA Europe is a European payment system, wholly owned, controlled and operated by more than 4,000 member banks and other payment service providers, from 36 countries across Europe. There are 430 million Visa debit, credit and commercial cards in Europe.