Official figures place tourist expenditure above the €300.8 million mark in October 2023 alone, registering an increase of 39 per cent over the corresponding month in 2022. The National Statistics Office also wrote that average expenditure per night came in at €145.9 during the month.

This chimes with an increase in visitors, estimated at 313,705, representing a jump of 31.1 per cent when compared to the same month last year. Of the total number of visitors, around 283,595 came for holiday purposes, while 20,375 visited for business.

The largest share of inbound tourists were aged between 25 and 44 (37.8 per cent), followed by the 45-64 age bracket (34.4 per cent). United Kingdom, Italian and German residents made up 44.1 per cent of total inbound tourists.

NSO Chart

Total nights spent went up by 30.7 per cent when compared to October 2022, surpassing 2.0 million nights. The largest share of guest nights (85.2 per cent) was spent in rented accommodation establishments. The average length of stay of total inbound tourists stood at 6.6 nights.

NSO Chart

January-October 2023

Inbound tourists for the first ten months of 2023 amounted to 2,599,155, an increase of 31.6 per cent over the same period in 2022. Total nights spent by inbound tourists went up by 23.3 per cent, almost reaching 17.8 million nights.

Total tourist expenditure was estimated at €2.4 billion, 34.5 per cent higher than that recorded for 2022. Total expenditure per capita increased to €914 from €894 in 2022.

Related

Two years since its birth, Moneybase features on Microsoft’s Customer Stories

September 19, 2024
by Nicole Zammit

Moneybase has now just been featured on Microsoft’s latest Customer Stories

Finance Minister confirms continuity of food and energy subsidies

September 18, 2024
by Anthea Cachia

Spending on food and energy subsidies as a percentage of the GDP will be at 0.7% in 2025

MHRA congratulates Glenn Micallef on EU role, highlights positive impact on Malta’s tourism and cultural sectors

September 18, 2024
by Nicole Zammit

The lobby group emphasised that Malta’s cultural assets and sports scene are key factors in attracting visitors and fostering economic ...