Tourists Abandon the US, Choose Spain Instead
Spain was the second-most popular holiday destination in the world in 2017, according to the UN World Tourism Organization (UNWTO).
Although the official UNWTO report will not be published until this spring, all tourism statistics indicate that Spain beat out the United States, with 82 million visitors in 2017, a record-breaking total that marks a nine percent increase over the year.
"We've become the world's second-largest receiver of tourists, and are in second place worldwide in income from tourists," Spanish Prime Minister Mariano Rajoy said Wednesday.
Rajoy also said that Spain's total income from tourism rose 12 percent in 2017, to €87 billion ($106.7 billion USD).
Global tourism experienced a boom worldwide, growing to 1.3 billion travelers crossing international borders in 2017, according to latest estimates.
In contrast to Spain's strong year, the United States experienced a particularly weak year of tourism amongst international travelers. Experts cite multiple factors in the decrease, including a strong US dollar, which made travel comparatively more expensive for foreigners; devastation from multiple natural disasters including hurricanes Irma and Harvey; and October's Las Vegas shooting, which left 58 people dead and 546 injured.
But the "Trump slump" was one of the top reasons for US tourism decline, according to ForwardKeys, which predicts future global travel patterns by analyzing over 17 million booking transactions per day. President Trump's series of travel bans against several Muslim-majority countries deterred many international travelers from entering US borders, according to ForwardKeys data.
In contrast, Spain's impressive tourism growth took place despite a terrorist attack in August in the Catalonia region, home of wildly popular tourist destination Barcelona.
Feature photo of the Triana district, Seville, Spain. (Photo by Mario Gutiérrez/Getty Images)
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The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
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- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
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Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month

