The Kingdom of Spain occupies over 80% of the Iberian Peninsula. Along with Portugal, it ranks among countries with a rich history with exploring overseas voyages. Spain has already lost most of its colonies, but it still maintains excellent relations with Latin America, whose cultural development has significantly contributed. Continental Spain also includes the Canary Islands in the Atlantic and the Balearic Islands. Tourists are heading to Spain for pleasant weather and historical monuments. Popular cities include Madrid, Barcelona, Valencia and Granada. Equally popular is the visit to the Canary Islands, which are often the typical winter holiday destination of Europeans.