05.11.2024 | 09:46

2024 will end up with 220 new hotels in Spain

23 October, 2024

Investment in the hotel sector in Spain during the first half of 2024 reached 1,393 million euros, according to the Hotel Investment report prepared by the property consultancy Colliers. Looking at the second half of the year, Spain is expected to continue to break records to become the 2nd most visited country in Europe.

Throughout the year, around 220 establishments are expected to open. The number of establishments and hotels in Spain increased to 16,778 in July, according to the latest data published by the National Statistics Institute (INE).

As a curiosity, many of them will invest in terraces and outdoor areas because they are the requirements most in demand by tourists. “Both in summer and winter, these areas offer a plus of enjoyment that is highly valued by tourists and the local public,” said Javier Martínez, executive vice-president of Grupo Lumon.