Forecast: Nights in Hotels and Similar Establishments in Spain

In 2024, the forecast for nights in hotels and similar establishments in Spain stands at 76.895 million. This represents a slight decrease from the recorded value in 2023, which was 78 million nights. The forecast shows a progressive decline year-on-year with the values projected to decrease to 74.66 million in 2025, 72.448 million in 2026, 70.258 million in 2027, and 68.09 million in 2028. The year-on-year variations show a continuous decrease in the number of nights spent, indicating a trend.

Trends:

- From 2023 to 2024, a 1.41% decline is noted.- From 2024 to 2025, a further decrease of 2.91%.- From 2025 to 2026, the reduction continues by 2.96%.- From 2026 to 2027, the trend persists with a 3.03% fall.- From 2027 to 2028, there is a 3.09% drop.

The compound annual growth rate (CAGR) over the next five years is approximately -2.56%, suggesting a steady decline in the number of nights spent in hotels and similar establishments in Spain over this period.

Future trends to watch for:

Analysts should monitor factors influencing this downward trend, including changes in travel behavior post-pandemic, shifts towards alternative accommodation options like vacation rentals, potential economic conditions affecting travel budgets, and Spain's tourism policies and their impacts.