Spain Hotel Market will reach US$ 38.69 Billion by 2030, according to Renub Research. Spain, with its diverse landscapes, rich history, and vibrant culture, has become a magnet for tourists seeking unforgettable experiences. As the demand for travel to this enchanting country continues to rise, the hotel industry in Spain has evolved to cater to the needs and preferences of modern travelers.

1. Spain hotel market, Size, Share, Growth | Forecast (2023-2028) |
Renub Research
Renub Research has recently published a report named "Spain Hotel Market: Global
Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2030," providing
a detailed industry analysis that consists of market share insights. Furthermore, the report
encompasses a study of competitors and regions and the recent growth in the Spain Hotel
Market.
Spain Hotel Market is expected to expand significantly, with a projected CAGR of 12.19%
between 2022 and 2030. For Spain's economy to function, tourism is essential. In light of the
recent growth of its hotel business, the nation has become one of the top tourist destinations
in the world. Hotels in Spain provide a wide range of demand generators. Spain is one of the
most popular travel destinations in the world thanks to its top-notch hospitality `infrastructure
and highly professionalized tourist industry overall. Spain hotel market is poised for
remarkable expansion, with projections indicating an impressive value of US$ 38.69 billion
by 2030, fuelled by increasing international tourism, a robust domestic travel market,
favorable government policies, and investments in infrastructure and tourism promotion.
Foreign visitors play a crucial role in Spain's hotel market, driving occupancy rates, boosting
hotel revenue, and contributing to its growth and sustainability. With Spain being a popular
tourist destination, the influx of international travellers, including leisure tourists, business
travellers, and convention attendees, ensures a steady demand for accommodations across
the country. The continuous flow of foreign visitors has been instrumental in the success of
the Spain hotel market. According to information released by the Spanish government, 30.2
million foreign visitors were registered to arrive in Spain in 2022, regaining almost 80% of
pre-pandemic levels. These tourists primarily travelled to the Valencian Community,
Andalusia, and the Canary Islands.
Download a free sample report to get a detailed overview of the market:
https://www.renub.com/request-sample-page.php?gturl=spain-hotel-market-p.php

2. In 2022, hotel investment in Spain increased, approaching the levels reached in 2017 and
2018, which served as the peak years for these transactions to date. This amount of 3.279
billion euros, according to Colliers' Hotel Investment Report in Spain, represents the third-
highest investment in the history of the Spanish hotel business. The amount exceeded 3
billion euros for the second year in a row, an increase of 3.1% from the 3.1 billion euros it
attained in 2021. A total of 17,754 rooms across 133 current hotels as well as 30 sites slated
for hotel conversion and hotel-ready land were sold last year. The amount is marginally more
than that of 2021, when 127 hotels were sold, but with 19,043 fewer rooms, providing an
impression of the magnitude of the assets.
The upscale segment in the Spain hotel market is experiencing growth.
Spain's allure as a sought-after tourist destination has enticed affluent travellers in search of
lavish accommodations and upscale experiences. Moreover, the country's improving
economic conditions and growing disposable incomes have enabled a larger portion of the
population to afford luxurious accommodations. The escalating demand for top-notch
services and amenities from discerning travellers has further fuelled the expansion of the
upscale segment. Investments in luxury hotels and the expansion of international luxury
hotel chains in Spain have significantly enriched the array of high-end options available to
travellers.

3. Hotel Type - Spain Hotel Market & Numbers
1. Luxury Hotel
2. Upscale Hotel
3. Mid-Scale Hotel
4. Economy
The growth of owned hotels in Spain is driven by the appeal of full
control over property and operations, providing investors and hoteliers
with flexibility and decision-making power.
Owned hotels also offer higher potential for profitability and return on investment compared
to other hotel types. The robust tourism industry in Spain, driven by its popularity as a tourist
destination, diverse attractions, and favorable climate, attracts a continuous flow of visitors,
creating a favorable market environment for owned hotels. The increasing trend of
international tourism, as well as the demand for experiential and personalized travel
experiences, further contributes to the expansion of owned hotels. Supportive government
policies and incentives for hotel development and investment have also played a role in
encouraging the growth of owned hotels in the Spain hotel market.
Model Type- Spain Hotel Market
1. Franchise
2. Lease
3. Management Control
4. Owned
In Spain hotel market, the market for online hotel reservations is
expanding significantly.
In Spain, the number of hotel reservations made online has nearly doubled in recent years.
Customer behavior in the tourism sector is evolving quickly. Online travel booking is
becoming more and more popular with consumers. Online travel firms provide a range of
booking services, such as those for housing, transit, sightseeing, and auto rentals. This

4. website provides information on numerous travel service providers as well as client reviews
on the products and services they provide.
The term "online travel booking platform" has fully dominated the travel industry. Nowadays,
the services that make the most use of online booking systems are airlines, hotels, motels,
taxis, and custom vacation packages. The industry for online travel booking is being driven
by numerous different booking platforms that incorporate event booking. A vital resource for
travel firms or organizations is an online booking system. One of the major markets in the
travel industry is that of online reservations.
Ordering Platform - Spain Hotel Market
1. Direct - Phone
2. Direct - Mail / fax
3. Direct - Walk-In (persons without reservation)
4. Direct - Contact from own website (without availability check)
5. Direct - Email
6. Direct - real time booking over own website (with availability check)
7. Destination Marketing Organization (DMO / trade associations
8. National Tourism Organization (NTO)
9. Tour operator / Travel agency
10. Hotel chains and cooperation with CRS
11. Wholesaler (e.g. Hotel beds, Tourist, Gulliver, Trans hotel, etc.)
12. Event and Congress organizer
13. Online Booking Agency (OTA)
14. Global Distributions system (GDS)
15. Social Media Channels
16. Other distribution channels

5. Competitive Landscape.
Leading businesses in the burgeoning Spain hotel market include Meliá Hotels International,
Barcelo Hotel Group, NH Hotel Group, TUI Hotels & Resorts, and Marriott International.
All the key players have been covered 3 Viewpoints
• Overviews
• Recent Developments
• Revenues
Company Analysis
1. Meliá Hotels International
2. Barcelo Hotel Group
3. NH Hotel Group
4. TUI Hotels & Resorts
5. Marriott International
About the Company:
Renub Research is a Market Research and Information Analysis company with more than 14
years of experience in Research, Survey, and Consulting. Our research helps companies to
take business decisions: on strategy, organization, operations, technology, mergers &
acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked
on more than 500 custom research projects. Currently, we are supplying data to EMIS,
Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing
them with findings and perspectives across a wide range of markets.
To Read more: https://www.renub.com/spain-hotel-market-nd.php