The number of bed places in tourist accommodation establishments in Spain has shown a consistent upward trend from 2013 to 2023, with actual figures reaching 3.0486 million in 2023. This increase is highlighted by year-on-year variations that spiked notably in 2015 with a 25.46% rise, while subsequent years saw steadier increases averaging around 2-3%. This growth trajectory is further backed by a compound annual growth rate (CAGR) that varied over the years, peaking in 2013 with an 8.63% CAGR and gradually stabilizing to 2.69% by 2023.
Noteworthy future trends to monitor include:
- Indicators show a forecasted CAGR of 1.61% over the next five years, suggesting a more moderate but steady increase in bed places.
- The total bed places number in 2028 is expected to reach 3.3762 million, reflecting an 8.32% growth rate over this period.
- The tourism market may witness shifts influenced by factors such as changing travel patterns, economic conditions, and emerging preferences for alternative accommodation options.
Long-term trends indicate that the substantial growth rates from earlier years are tempering, yet the steady increase points towards sustained investment and development in Spain's tourist accommodation sector.
