The turnover of short-stay accommodations in Spain, expressed in Billion Euros, has demonstrated significant fluctuation over the years. Starting from 1.44 billion in 2013, it reached 3.5 billion in 2023. Key variations were observed due to economic factors and global events, such as the sharp decline in 2020 due to the pandemic, followed by a 68.57% recovery in 2021. Notable growth was seen from 2013 through 2019, with a peak year-on-year growth of 20.07% in 2017. The last five-year CAGR (2019-2023) indicates an average annual growth of 5.88%
Future trends, looking out to 2028, show a moderate growth pace with a forecasted five-year CAGR of 1.62%. This suggests a more stabilized growth, marking an overall increase of 8.34% from 2024 to 2028, reflecting steady recovery and continued interest in short-stay accommodations. Trends to watch include the impact of emerging travel habits, technological advancements in booking logistics, and the economic climate's effect on travel and tourism demand.
