The number of nights spent at tourist accommodations in Spain has shown considerable growth from 2013 to 2023, standing at 504.95 million nights in 2023. This marks a noticeable recovery from the pandemic-induced drop in 2020 when the number of nights decreased by a staggering 42.68%. The subsequent years witnessed a remarkable rebound, peaking at 497.09 million nights in 2022 and further increasing in 2023. The year-on-year variation for 2023 was 1.58%, reflecting stable growth. Over the last five years, the average CAGR was 1.58%, indicating steady progress.
Future trends to watch for include sustained growth in tourist nights, with forecasts predicting an increase to 543.09 million by 2028. The forecasted 5-year CAGR is 1.26%, suggesting a steady but slower growth rate in the coming years compared to the recent past. External factors such as global economic conditions, travel policies, and emerging tourism trends will likely influence these projections.