Key Market Indicators
Spain's hotel industry is projected to see a modest growth in available rooms over the next five years. The number of available hotel rooms in Spain is expected to reach approximately 996,000 by 2028, up from around 955,000 in 2023. This represents an average annual growth rate of 0.7%. Since 1995, the supply of hotel rooms in Spain has consistently risen at an average rate of 0.5% per year. As of 2023, Spain ranks third in the number of available hotel rooms, trailing behind Germany, which has overtaken Spain with the same number of rooms, approximately 955,000. Germany, Spain, and France hold the second, third, and fourth positions respectively in this ranking. The hotel occupancy rate in Spain, however, has experienced fluctuations. In December 2021, the occupancy level stood at 45.7%, a decline from the 54.8% recorded in November 2021. This is also a notable change when compared to the same period a year earlier.
Spain Hotel Key Players Articles
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Hyatt and Grupo Piñero Forge a Strategic Alliance to Redefine All-Inclusive Luxury
Jan 10th 2025
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IHG Ushers in a New Era of Luxury with the Debut of Vignette Collection in Spain
Oct 8th 2024
Latest reports
Spain Hotel Market Report- Q1 2025
The Spain hotel market in Q1 2025 is characterized by a robust recovery and growth across various segments, driven by a surge in...
Spain Hotel Market Report- Q4 2024
The fourth quarter of 2024 witnessed significant developments in the hotel market in Spain, marking a period of strategic expansion, regulatory challenges, and...
