Press Releases

Developments in the balance of travel services: March 2019

22/05/2019 - Press Releases

Balance of travel services


Based on provisional data, the balance of travel services in March 2019 showed a surplus of €95 million, almost the same as in March 2018. More specifically, travel receipts in March 2019 rose by 32.2% to €319 million, from €241 million in March 2018, while travel payments also increased by 53.4% (March 2019: €224 million, March 2018: €146 million). The rise in travel receipts is attributed to a 21.9% increase in average expenditure per trip, as well as to a rise of 9.1% in inbound traveller flows. Net receipts from travel services offset 4.5% of the goods deficit and accounted for 16.1% of total net receipts from services.


In January-March 2019, the balance of travel services showed a surplus of €212 million, up from a surplus of €127 million in the same period of 2018. This development is attributed to an increase, by 37.2% or €206 million, in travel receipts, which were only partly offset by travel payments, up by 28.4% or €121 million. The rise in travel receipts is attributed to a 27.7% increase in average expenditure per trip, as well as to a rise of 7.8% in inbound traveller flows. Net receipts from travel services offset 3.5% of the goods deficit and accounted for 13.7% of total net receipts from services.

Travel receipts


In March 2019, as mentioned previously, travel receipts rose by 32.2% year-on-year. In more detail, receipts from residents of the EU28 increased by 9.0% to €157 million, whereas receipts from outside the EU28 rose by 70.3% (March 2019: €157 million, March 2018: €92 million). The rise in receipts from within the EU28 was due to a 34.4% increase in receipts from residents of non-euro area EU28 countries (March 2019: €57 million, March 2018: €43 million), as receipts from euro area residents fell by 1.7% to €99 million. Among major countries of origin, receipts from Germany decreased by 1.4% to €37 million, whereas receipts from France increased by 40.7% to €12 million. Receipts from the United Kingdom also increased, by 60.8% to €32 million. Turning to non-EU28 countries, receipts from the United States rose by 181.9% to €48 million, while receipts from Russia increased by 69.8% to €6 million.


In January-March 2019, travel receipts totalled €760 million, up 37.2% relative to the same period of 2018. This development was driven by a 21.9% increase in receipts from residents of the EU28, which came to €397 million, and by a 61.0% rise in receipts from residents outside the EU28 to €356 million. In particular, receipts from euro area residents increased by 10.6% year-on-year to €240 million, while receipts from residents of non-euro area EU28 countries rose by 44.4% to €158 million. Specifically, receipts from Germany increased by 9.5% to €85 million and receipts from France increased by 55.3% to €27 million. Receipts from the United Kingdom also increased, by 79.5% to €75 million. Turning to non-EU28 countries, receipts from the United States increased by 118.9% to €76 million, while receipts from Russia increased by 63.5% to €15 million.

Inbound traveller flows (1)


The number of inbound visitors in March 2019 rose by 9.1% year-on-year to 773 thousand. Specifically, visitor flows through airports increased by 18.3%, whereas visitor flows through road border-crossing points declined by 2.0%. This increase in flows was due to higher visitor flows from outside the EU28 (up 28.3%), as visitor flows from within the EU28 decreased by 3.7%. In greater detail, the number of visitors from within the euro area fell by 8.6% to 207 thousand, whereas visitors from the non-euro area EU28 countries increased by 1.8% (March 2019: 202 thousand, March 2018: 199 thousand). Specifically, the number of visitors from Germany decreased by 20.8% to 70 thousand, while visitors from France increased by 47.7% to 30 thousand. Visitors from the United Kingdom rose by 22.8% to 51 thousand. Turning to non-EU28 countries, visitors from the United States increased by 66.1% to 60 thousand and visitors from Russia increased by 151.7% to 11 thousand.

 

In January-March 2019, the number of inbound visitors rose by 7.8% year-on-year to 1,936 thousand (January-March 2018: 1,796 thousand). Specifically, visitor flows through airports increased by 19.5%, whereas visitor flows through road border-crossing points declined by 5.3%. In the period under review, the number of visitors from within the EU28 edged up by 0.2% year-on-year to 1,073 thousand, while the number of visitors from outside the EU28 rose by 19.1% to 863 thousand. Visitors from within the euro area decreased by 1.7%, while visitors from the non-euro area EU28 countries increased by 2.0%. Specifically, the number of visitors from Germany fell by 9.6% to 177 thousand, whereas visitors from France increased by 42.8% to 55 thousand. Visitors from the United Kingdom also rose, by 41.8% to 143 thousand. Finally, turning to non-EU28 countries, the number of visitors from the United States rose by 47.4% to 104 thousand, while the number of visitors from Russia also increased, by 89.9% to 30 thousand.

(1) Inbound traveller flows exclude cruise passengers (other than those recorded in the Border Survey).

Developments in the balance of travel services: March 2019 - Table

Note: The next Press Release on “Developments in the balance of travel services” for April 2019 will be published on 21 June 2019.

 

This website uses cookies for the optimization of you user experience. Learn More
I Accept