Figures
Iberia Hotel Figures Q3 2024
We analyse the hotel market in Iberia during the third quarter of 2024. Find out about the situation of the sector, hotel investment data, transactions and returns.
November 25, 2024 5 Minute Read
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In the third quarter of 2024, the hotel sector in Spain and Portugal has shown significant growth.
In Portugal, ADR was €124.2, up 7% year-on-year, and RevPAR reached €74.2, also up 7%. Hotel occupancy remained at 59.7%, with 8,197 establishments open and 491,700 beds available. Prime yields in Lisbon stood at 5.50% and in Porto at 5.75%.
In Spain, the average daily rate reached €119.69, with an annual increase of 8%, while revenue per available room was €84.28, increasing by 11% compared to the previous year.
In Iberia as a whole, hotel investment reached €2,041 million from January to September 2024, representing 15% of the total volume in Europe. Spain absorbed 84% of this investment, while Portugal accounted for 16%.
These data reflect a positive trend and strong investment interest in the region's hotel sector, consolidating Iberia as an attractive destination for both urban and holiday tourism.