Germany, France, Italy tourism revenues rise in August; average spending falls 6.5%

Tourism revenues in Germany, France, and Italy increased in August, driven by a 13.4% rise in arrivals, which offset a 6.5% decline in average spending per visitor. The data suggests volume-led growth in European tourism, with potential implications for consumption and service-sector inflation. The decline in per-capita spending may reflect a shift toward budget travel or shorter stays, but the overall revenue gain signals resilience in the sector.

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