2025-02-13-莱坊-Spain_Hotels_Snapshot_Q4_2024_2页_661kb

Hotels Snapshot Summary - Q4 2024

Core Content

The Q4 2024 Hotels Snapshot highlights the continued growth of the hotel sector in Spain, driven by the ongoing tourism boom. The report compiles sector indicators based on real data and market trends, providing insights into investment activity, performance metrics, and regional popularity.

Main Points

Tourism and Market Performance

• The tourism sector in Spain continues to thrive, with strong growth in key performance indicators.
• The average daily rate (ADR) for the national hotel market increased by 7.9% year-on-year, averaging nearly €120.
• The 5-star category saw a significant rise in ADR, reaching almost €280, up by 15% from December 2023.
• RevPAR (Revenue per Available Room) increased by 9% in Q4 2024 compared to Q4 2023, with the Balearic Islands, Madrid, the Canary Islands, and Barcelona leading the way, recording values close to €100, above the national average of €80.
• Overnight stays by international travelers in 2024 exceeded 240 million, marking an 8% increase compared to 2023.

Investment Trends

• Hotel investment in Spain reached €3,340 million in 2024, with Q4 contributing almost 40% of the total, a more than double increase compared to Q3.
• Four- and five-star hotels remain the most attractive for investors, with double the number of transactions in Q4 compared to Q3.
• Barcelona and Madrid accounted for almost 50% of total investment in 2024, with Barcelona at 31% and Madrid at 17%.
• Santa Cruz de Tenerife stood out with investments exceeding €200 million, representing 15% of the total in 2024.
• Other coastal provinces such as Cádiz, Girona, Málaga, and Ibiza also saw significant investment activity.

Key Deals

• Hotel Miguel Angel in Madrid was acquired by Lopesan y Stoneweg Hospitality, with 267 rooms.
• Hotel Labranda Suites Costa Adeje in Tenerife was sold by Socimi Atom.
• BlueSea hotel chain was purchased by Partners Group, operating in multiple key tourist areas including the Costa del Sol, the Canary Islands, and the Balearic Islands.

Key Information

• The report includes data from INE and is based on real market trends.
• Confidential transactions are excluded from the provincial investment breakdown.
• The "Other" category includes hostels and hotels without a defined category, while portfolios with multiple categories are not included.
• The top investment deals in Q4 2024 reflect a concentration in major cities and popular tourist destinations.

Conclusion

The hotel sector in Spain remains robust, with strong growth in ADR, RevPAR, and overnight stays. Investment activity in Q4 2024 reached €1,250 million, nearly €1,860 million in Q4 2023, indicating a significant increase. Major cities and islands continue to be the focal points of investment, with a clear preference for upscale hotels. This growth is expected to continue, supported by the tourism boom and increased investor interest in high-performing regions.