Spain’s hotel sector surges ahead in 2024
The resurgence of Spain's tourism industry is a story of remarkable recovery and resilience
The Spanish hotel industry is poised to continue its remarkable recovery, building on an already impressive performance in 2023 that has eclipsed its pre-pandemic highs of 2019.
Key takeaways
- In 2023, Spain’s tourism sector not only rebounded but flourished, exceeding expectations with a nominal expenditure that surpassed the 2019 season;
- The resilience of the market, despite challenges such as high inflation and a shifting global landscape, underscores Spain as a robust destination for both leisure and investment;
- “The resilience of domestic tourism, coupled with the recovery of international visitors, particularly in the last quarter, offers a positive outlook for the future,” highlights David Bóveda, a hotel asset manager and author of the report.
Get the full report at Global Asset Solutions