Spain’s Hotel Market 2024: Record Stays, Rising Prices, and Key Regional Patterns

No time to read?
Get a summary

Hotel stays across January through June reached a historic high, totaling 160.6 million nights and marking a 7.5% rise from the same period in 2023. Prices were nearly 8% higher than a year ago, according to data released on Wednesday by the National Statistics Institute (INE).

Foreign visitors, meanwhile, accumulated 11.2% more overnight stays, led by tourists from the United Kingdom, while Spanish residents showed a 0.9% increase. In June alone, hotel accommodations surpassed 38.2 million nights, up 5.4% year over year. Stays by residents of Spain edged up 0.3%, while stays by non-residents grew by 8%.

Andalusia, Catalonia, and the Valencian Community stood out as the top destinations for Spanish residents in June, accounting for 21.4%, 15.6%, and 13% of total overnight stays, respectively. For non-residents, the main destinations were the Balearic Islands, Catalonia, and the Canary Islands, with shares of 33.6%, 19.3%, and 18.3% respectively.

Travelers from the United Kingdom and Germany represented 28.7% and 17.9% of non-resident overnight stays in June. Stays by travelers from France, the United States, and the Netherlands — among the next largest source markets — accounted for 6.9%, 5.2%, and 4.7% of total non-resident stays, respectively.

Prices up about 20% so far this year

According to the INE, hotel prices rose 7.8% in June compared with June 2023, and have climbed about 20% since the start of the year. The biggest price surge occurred in the Community of Madrid, where prices were up 18.3%; in contrast, Melilla saw a 2.5% decrease.

By tourist zones, Mallorca recorded the highest number of overnight stays, with more than 7.2 million nights. The most visited tourist hubs by overnight stays were Barcelona, Madrid, and Calvià.

The overall occupancy rate in June stood at 65.5% of available beds, up 3.7% year over year. Weekend occupancy rose by 3 percentage points to 71.1%.

Baleares posted the highest occupancy rate by beds during June (81.1%), while the Mallorca Island area reached the highest weekend occupancy (82.2%). Palma de Mallorca and Calvià had the strongest weekend occupancy at 84.9%, and Alcúdia recorded the highest occupancy by bed among tourist spots at 92%, with Llucmajor also showing very high weekend occupancy at 92%.

The data confirm a year of strong demand for hotels across Spain, with sustained growth in overnight stays and elevated pricing across many regions and markets. The balance of residents and international visitors continues to shape regional patterns, highlighting Madrid’s pricing dynamics and Mallorca’s appeal as a leading destination for stays and weekend getaways.

No time to read?
Get a summary
Previous Article

Water pricing debate in Poland, ministerial promises questioned

Next Article

Russia opens IT military deferment for specialists in 2024 window