Market Overview
The Spain hospitality market size reached USD 61.6 Million in 2025. Forecasts by IMARC Group project the market to attain USD 84.1 Million by 2034, expanding at a CAGR of 3.52% during 2026-2034. Growth is fueled by robust tourism, increasing cultural attractions, government support, infrastructure investments, emerging travel trends, and demand for boutique, eco-friendly, and digitally transformed hospitality services.
Study Assumption Years
- Base Year: 2025
- Historical Year/Period: 2020-2025
- Forecast Year/Period: 2026-2034
Spain Hospitality Market Key Takeaways
- The Spain hospitality market size was USD 61.6 Million in 2025.
- The market is projected to grow at a CAGR of 3.52% from 2026 to 2034.
- The forecast period extends from 2026 to 2034.
- Spain’s tourism sector contributes 12.8% to GDP, generating 18.66 billion euros.
- Tourism GDP growth of 13.1% corresponds with a 70.8% growth in the Spanish economy.
- Government investments target infrastructure, including a Euro 2.4 billion plan for Adolfo Suárez-Madrid Barajas Airport.
- Rising demand for boutique hotels, eco-friendly stays, and digital service transformation is driving the market.
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Market Growth Factors
Spain is one of the most-visited countries in the world, and the most-visited country without a capital as it contains countless cultural and historical attractions and has a huge variety of tourist spots, from cities like Barcelona and Madrid to the coasts with its beaches. Tourism directly contributed 12.8% of GDP or €18.66 billion, and 70.8% of the overall increase in GDP was due to direct contribution of tourism which came to 13.1%. However, voracious demand exists for a number of types of accommodation products, or hotels, resorts, or vacation rentals.
Various additional investments in infrastructure, such as the transport network, airports and tourist zones, along with promotion of Spain as a tourist destination, have made the country even more appealing. In March 2024, the Government announced investing Euro 2.4 billion (USD 2.6 billion) in the refurbishment and expansion of Spain’s Adolfo Suárez-Madrid Barajas Airport, with the purpose of improving it to be the main European gateway to Latin America.
Current trends in the global hospitality industry include experiential tourism, boutique hotels, green hotels, and the digitization of hospitality technology. Other trends include sustainability and personalized or customized experiences in travel and hospitality.
Market Segmentation
Type:
- Chain Hotels
- Independent Hotels
Segment:
- Service Apartments
- Budget and Economy Hotels
- Mid and Upper Mid-scale Hotels
- Luxury Hotels
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Regional Insights
The report analyzes major regions including Northern Spain, Eastern Spain, Southern Spain, Central Spain, and Others. Specific market share and CAGR by region are not detailed in the source.
This comprehensive regional coverage supports understanding of localized market dynamics across Spain’s prominent hospitality hubs.
Recent Developments & News
- In July 2024, IHG Hotels & Resorts announced authorization of four new properties in Spain, increasing its total rooms to over 500 across key travel destinations. This expansion supports brands from their Luxury and Lifestyle (Hotel Indigo), Essentials (Holiday Inn Express), and Premium (voco hotels) collections.
- In May 2024, Meridia acquired a hotel on the northern coast of Ibiza in Cala Portinatx through Fund Meridia V, marking a significant milestone and expanding presence in a popular Spanish tourist location.
Key Players
- IHG Hotels & Resorts (IHG)
- Meridia
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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