Developments in the balance of travel services: January 2020
23/03/2020 - Press Releases
Balance of travel services
Based on provisional data, the balance of travel services showed a surplus of €80 million in January 2020, compared with a surplus of €63 million in January 2019. More specifically, travel receipts in January 2020 rose by 24.4% to €287 million, from €230 million in January 2019, while travel payments also increased by 23.4% (January 2020: €207 million, January 2019: €167 million). The rise in travel receipts was due to a 4.0% increase in average expenditure per trip, as well as to an increase of 19.7% in inbound traveller flows. Net receipts from travel services offset 4.0% of the goods deficit and accounted for 20.9% of total net receipts from services.
In January 2020, as mentioned previously, travel receipts increased by 24.4% year-on-year. In more detail, receipts from residents of the EU28 increased by 21.8% to €150 million and receipts from outside the EU28 increased by 27.7% (January 2020: €136 million, January 2019: €107 million). The rise in receipts from within the EU28 was due to a 35.0% increase in receipts from euro area residents (January 2020: €102 million, January 2019: €76 million), as receipts from residents of non-euro area EU28 countries remained relatively stable at €48 million. Among major countries of origin, receipts from Germany rose by 3.8% to €26 million, whereas receipts from France fell by 47.0% to €4 million. Receipts from the United Kingdom increased by 96.3% to €34 million. Turning to non-EU28 countries, receipts from Russia fell by 21.6% to €7 million, while receipts from the United States rose by 79.0% to €26 million.
Inbound traveller flows
The number of inbound visitors in January 2020 rose by 19.7% year-on-year to 790 thousand. Specifically, visitor flows through airports increased by 29.6% and visitor flows through road border-crossing points increased by 8.7%. This overall increase was driven by higher visitor flows from both within the EU28 (up 15.7%) and outside the EU28 (up 25.3%). In greater detail, the number of visitors from within the euro area increased by 31.9% to 232 thousand, while visitors from the non-euro area EU28 countries also rose by 1.9% (January 2020: 212 thousand, January 2019: 208 thousand). Specifically, the number of visitors from Germany decreased by 1.1% to 67 thousand, while visitors from France also fell, by 8.5% to 11 thousand. By contrast, visitors from the United Kingdom rose by 89.7% to 72 thousand. Turning to non-EU28 countries, the number of visitors from Russia increased by 26.2% to 13 thousand, whereas the number of visitors from the United States rose by 29.2% to 32 thousand.
Note: The next Press Release on “Developments in the balance of travel services” for February 2020 will be published on 22 April 2020.
Inbound traveller flows exclude cruise passengers (other than those recorded in the Border Survey).