Monday, October 7, 2024 Hotel investment in Spain saw a 3% rise in the first half of the year, reaching a total of €1.6 billion, as reported by Cushman & Wakefield’s Hospitality Market Beat. The consultancy highlights that 56 hotel properties changed hands, accounting for 8,125 rooms during this period.
The hotel investment outlook for 2024 in Spain projects a significant sum of €3 billion. This substantial figure reflects a strong interest in Spain’s hospitality sector, as both domestic and international investors recognize the potential of the country’s tourism industry. With a continued focus on strategic acquisitions and developments, the hotel sector is set to play a crucial role in Spain’s economic landscape.
These investments are also expected to help enhance the quality of tourism offerings and attract an increasing number of visitors. Spanish investors were the primary drivers of hotel transactions in the first half of the year, accounting for 64% of all deals. This dominant domestic presence underscores the confidence local investors have in the country’s tourism potential.
They seem particularly focused on reinforcing their positions in well-established destinations as well as in emerging areas with promising growth. Their substantial involvement not only bolsters local economies but also demonstrates a dedication to sustaining and improving Spain’s tourism infrastructure. European investors, responsible for the remaining 36% of hotel transactions, .
