Hotels, market data - Figures first quarter 2024 Iberia

The hotel sector in Iberia reached a total of €654 million transacted throughout the first quarter of 2024, which is 22% more than in the same period of the previous year. Spain has combined 88% while Portugal represents 12% of the total in Iberia.

Hotel investment in Iberia accounted for 27% of the total volume transacted, while in Europe it stood at around 12% in the first quarter of the year. The hotel sector set a milestone by leading investment last year in Europe with 28% of the total transacted, and is positioned in 2024 as the preferred destination for investors according to the European Investor Intentions Survey. Spain is in first place for investment and Portugal is in seventh place.

Throughout the first three months of the year, a total of 35 hotel assets have been transacted in Iberia, representing 3,500 rooms (20 hotels and 3,000 rooms in the same period of the previous year). Investors continue to focus on and bet on high-end hotels thanks to their more resilient and inelastic nature, representing 84% of the total transacted: 54% four-star hotels and 28% active hotels of the highest category (4% five-star and 24% five-star GL).