Press Releases

  • Share:

Developments in the balance of travel services: May 2019

22/07/2019 - Press Releases

Balance of travel services

Based on provisional data, the balance of travel services in May 2019 showed a surplus of €1,361 million, compared with a surplus of €1,262 million in May 2018. More specifically, travel receipts in Μay 2019 rose by 9.3% to €1,605 million, from €1,468 million in May 2018, while travel payments also increased by 18.4% (May 2019: €244 million, May 2018: €206 million). The rise in travel receipts reflected a 12.2% increase in average expenditure per trip, as inbound traveller flows decreased by 2.6%. Net receipts from travel services offset 59.1% of the goods deficit and accounted for 74.9% of total net receipts from services.

In January-May 2019, the balance of travel services showed a surplus of €1,726 million, up from a surplus of €1,598 million in the same period of 2018. This development is attributed to an increase, of 14.4% or €364 million, in travel receipts, which were only partly offset by travel payments, up by 25.5% or €236 million. The rise in travel receipts is attributed to a 15.4% increase in average expenditure per trip, as inbound traveller flows fell slightly, by 0.9%. Net receipts from travel services offset 17.2% of the goods deficit and accounted for 43.6% of total net receipts from services.

 

Travel receipts

In May 2019, as mentioned previously, travel receipts rose by 9.3% year-on-year. In more detail, receipts from residents of the EU28 increased by 3.3% to €1,122 million, whereas receipts from outside the EU28 rose by 29.1% (May 2019: €425 million, May 2018: €329 million). The higher receipts from within the EU28 were due to increases of 4.4% in receipts from euro area residents (May 2019: €756 million, May 2018: €725 million) and of 1.1% in receipts from residents of non-euro area EU28 countries to €366 million. More specifically, among major countries of origin, receipts from Germany decreased by 8.2% to €357 million, whereas receipts from France increased by 30.6% to €110 million. Receipts from the United Kingdom also increased by 8.8% to €251 million. Turning to non-EU28 countries, receipts from the United States rose by 45.6% to €146 million, while receipts from Russia fell by 26.1% to €18 million.

In January-May 2019, travel receipts increased by 14.4%, relative to the same period of 2018, to €2,889 million. This development was driven by a 5.5% increase in receipts from residents of the EU28, which came to €1,820 million, and by a 36.1% rise in receipts from residents outside the EU28 to €968 million. In particular, receipts from euro area residents increased by 6.0% to €1,230 million, while receipts from residents of non-euro area EU28 countries rose by 4.5% to €590 million. Specifically, receipts from Germany dropped by 10.3% to €493 million, while receipts from France rose by 15.6% to €178 million. Receipts from the United Kingdom rose by 15.9% to €362 million. Turning to non-EU28 countries, receipts from the United States increased by 50.7% to €255 million, while receipts from Russia fell by 6.2% to €37 million.

 

Inbound traveller flows[1]

The number of inbound visitors in May 2019 fell by 2.6% year-on-year to 2,387 thousand. Specifically, visitor flows through airports increased by 0.7%, whereas visitor flows through road border-crossing points declined by 16.6%. This decrease in flows was due to lower visitor flows from within the EU28 (down by 8.2%), as visitor flows from outside the EU28 rose by 17.7%. In greater detail, visitors from the euro area decreased by 8.4% to 1,072 thousand, while visitors from the non-euro area EU28 countries declined by 7.9% (May 2019: 688 thousand, May 2018: 746 thousand). Specifically, the number of visitors from Germany decreased by 13.6% to 477 thousand and visitors from France also decreased by 3.5% to 167 thousand. Visitors from the United Kingdom increased by 17.0% to 348 thousand. Turning to non-EU28 countries, visitors from the United States increased by 73.5% to 132 thousand and visitors from Russia increased by 10.7% to 26 thousand.

In January-May 2019, the number of inbound visitors declined by 0.9% to 5,305 thousand (January-May 2018: 5,352 thousand). Specifically, visitor flows through airports increased by 5.3%, whereas visitor flows through road border-crossing points declined by 14.4%. In the period under review, the number of visitors from within the EU28 decreased by 7.6% year-on-year to 3,433 thousand, while the number of visitors from outside the EU28 increased by 14.4% to 1,872 thousand. Visitors from within the euro area declined by 4.9% and visitors from the non-euro area EU28 countries fell by 11.0%. Specifically, the number of visitors from Germany decreased by 14.3% to 761 thousand, while visitors from France increased by 5.5% to 288 thousand. Visitors from the United Kingdom also rose by 15.6% to 555 thousand. Finally, turning to non-EU28 countries, the number of visitors from the United States increased by 45.5% to 287 thousand, while visitors from Russia rose by 27.4% to 68 thousand.

 

Notes: The next Press Release on Developments in the balance of travel servicesfor June 2019 will be published on 21 August 2019.

 

Related linkDevelopments in the Balance of Travel Services: May 2019 - Table

 



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

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