Spain Hotel Market Growth Forecast Report 2024-2032

Spain Hotel Market will reach US$ 33.45 billion by 2032, up from US$ 25.09 billion in 2023, with a CAGR of 3.25% between 2024 and 2032. The expansion of the hotel industry in Spain is fueled by growing demand for upscale and boutique lodging, better infrastructure, and more traveler traffic. Its allure is further increased by investments in digital transformation, environmental practices, and a wider range of services. The sector is expanding as a result of the continued popularity of major cities as travel destinations among foreign tourists.