The domestic tourism expenditure on sports and recreation services in Spain exhibited significant fluctuations between 2016 and 2024. The values increased steadily from 1.89 billion euros in 2016 to 2.91 billion euros in 2018, before experiencing a dip in 2019. The onset of the COVID-19 pandemic in 2020 caused a sharp decline to 1.22 billion euros, but the sector rebounded quickly with substantial growth in subsequent years, reaching 3.24 billion euros in 2023.
Year-on-year variations highlight notable trends:
- 2021: Significant recovery with a 77.79% increase
- 2022: Continued growth at 27.47%
- 2023: Robust increase of 16.99%, indicating strong recovery and growth
The Compound Annual Growth Rate (CAGR) for the years leading to 2023 reflects a strong upward trajectory at 38.41%. Forecasts for 2024 and onwards suggest a steady growth, with a projected CAGR of 3.11% over the next five years, reaching 3.95 billion euros by 2028.
Future trends to watch for include the impact of digital and virtual sports experiences, evolving consumer preferences towards wellness and active tourism, and the influence of large-scale sporting events on domestic tourism. Economic stability and policy support will also play a critical role in sustaining growth in this sector.
