Tourism bouncing back in Southern Europe

According to Allianz Trade analysis, beach vacations are the most popular way of spending leisure time (30.3 percent), but 41 percent of European travelers expect to spend over €1,500 on their vacations this summer, which is an increase compared to 33 percent planning such expenses last year. Nevertheless, it turns out that average one-week beach vacations in Southern Europe are still significantly cheaper than those in the Caribbean, Australia, and the United States, and comparable to many top…