Forecast: Internal Tourism Consumption of Accommodation Services for Visitors in Spain

The internal tourism consumption of accommodation services in Spain has demonstrated robust recovery and growth post-pandemic. Starting from an actual value of 43.19 billion Euros in 2016, it reached 63.82 billion Euros in 2023. Pre-pandemic, the market exhibited steady growth, with a high year-on-year variation peaking in 2017 at 11.93%. The market faced a severe contraction of 68.01% in 2020 due to COVID-19 but rebounded strongly afterwards, with a remarkable 117.66% increase in 2021. The compound annual growth rate (CAGR) over the past five years stands at 4.18%. Forecasts indicate a continued upward trend, with a 3.21% CAGR expected through to 2028, bringing the market to 78.17 billion Euros.

Future trends to watch for include:

• Innovation in digital booking platforms enhancing customer experience.
• Increased focus on sustainable tourism practices and eco-friendly accommodations.
• Emergence of non-traditional lodging options such as vacation rentals and boutique hotels.
• Impact of geopolitical and economic factors on travel behavior.