European tourism accelerated modestly in late 2025, indicating some reduction in seasonality: year-to-date international arrivals rose by 3.2% and nights by 3.1% compared with 2024 (TourMIS, data to December; coverage varies by destination). This marks an improvement for both metrics compared to last quarter's report. The efforts to spread travel beyond peak months are especially clear in Malta, with faster growth in September- October than in June-August. Off-peak travel appeals to those seeking greater value-for-money, though some destinations (e.g., Spain) reported a steady and significant increase in visitors across both periods. Many Southern and Mediterranean destinations, including Greece, Portugal and Spain saw shorter stays, with destinations, including Sweden and Iceland, reported longer stays. The EU Entry/Exit System, launched in October 2025, has had little immediate impact in the available data. Any effects next year are most likely to be seen in peak months and on short- or medium-haul leisure trips. Tourism to Europe continued to grow towards the end of 2025. According to the latest year-to-date TourMlS data (dates vary by destination), international arrivals rose by 3.2% year-on-year, just ahead of last quarter (3.0%). Nights of stay saw a marginal rise to 2.8 nights, from 2.5 nights compared with 2024. h indicating that opportunities for longer stays and increased visitor value are still being realised in some locations. However, this is not the case throughout Europe. Czechia (-2.9), Montenegro (-1.8%), and Luxembourg (-1.7%) experienced fewer nights than last year, in contrast to an increase in arrivals. International travel to Germany remains below last year, but the declines are now smaller. Arrivals are down 0.9% year-on-year and nights down 2.0%. Summer (June-August) was affected by high air traffic control fees and air passenger taxes, as well as an offset from the 2024 Euros tournament, which has left the year-to-date down. Momentum picked up in the shoulder season (September-October). In October, arrivals to Germany grew year-on-