Tourism Economy of Madrid

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a sign @ palacio de cristal (el retiro), madrid


madrid attracts many tourists other parts of spain , on world. there 7.5 million visitors stayed 1 or more nights in madrid in 2013, 49% of whom outside spain. tourist destination madrid exceeds barcelona popular in spain. madrid attractive visitors art , culture, architecture, gastronomy, shopping, shows, parks, sport , proximity sierra de guadarrama. there on 900 hotels , hostels (24 of 5-star hotels) accommodation on 80,000 visitors. in 2012, 54% of foreign visitors europe (especially italy, uk , france), 12% usa, 20% other parts of americas, , 14% elsewhere. spending tourists in madrid estimated (2011) @ €9,546.5m, or 7.7% of city’s gdp. although visitor numbers reported down 10% in summer 2013, possibly due high airport fees , fewer long-haul visitors after merger between airlines iberia , british airways, numbers had recovered 12% year-on-year in months of 2014. madrid precious time new collaborative body aiming @ attracting more tourists city.








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