西班牙酒店2026年第一季度快照

Thesectorindicatorsarecompiledquarterlyfromadetailedandexhaustive study prepared by experts in theKnight Frank Spain officeandarebasedonrealdataandmarkettrends Q12026 www.knightfrank.com/researchwww.knightfrank.com/research Spain consolidates its position globallyas the countrv with the highest revenuefrom international tourism. Hotel investment in Spain continues to be driven bytransactions in the islands and the Costa del Sol,accounting for around 8o% of quarterly deals, with a focuson upscale four-and five-star hotels. Spain ADR (% mar 26 vs mar 25)3.1% (4.9% mar 25 vs mar 24) SPAIN SITUATION RevPAR (% mar 26 vs mar 25)2.8% (5.4% mar 25 vs mar 24) 2026 has started with an increase inthe number of tourists during the firstmonthsoftheyear(JanuaryandFebruary), of around 2% compared to2025. No hotel overnight(%mar26vs mar25) Additionally, the current conflict inthe Middle East could lead to a partialdiversion of tourist flows towards saferdestinations such as Spain, in line withpatterns observed in previous episodes,such as the 2011 Arab Spring. 5.6% (-8.9% mar 25 vs mar 24) At the end of the first quarter of 2026hotel performance indicators showed apositivetrend,withayear-on-yearincrease of 3.1% in average daily rate(ADR) and 2.8% in revenue per availableroom (RevPAR). In recent years, tourism spending atthe national level has recorded asignificant increase, standing 50% abovepre-Covidlevels,reflectingstructuralchanges in the tourism model, includingashifttowardslongertouriststays. Hotel overnight stays, particularly byinternational tourists, continue toincreaseduringthefirstquarteroftheyear,witha+4%year-on-yeargrowthconsolidating the strong performance ofinternationaldemand. HOTEL INVESTMENTIN SPAIN Spain During the first quarter ofthe year, the hotel sectorwas marked by theacquisition in Madrid ofthe upscale 5-star HotelNH Casa Suecia byBeasant Capital fromFeuring Hotelconsulting.Another notabletransaction wasNordeste's acquisition ofthe five-star Melia Hotelin Bilbao from HoteiProperties.Meanwhile, inFuerteventura, AtomHoteles has divested thefour-star Eurostars LasSalinas Hotel to Naxitis. The first quarter of the yearclosed with investment exceeding960 million nationwide,representing a year-on-yearincreaseofmorethan85%. Investment volume Q12026 960 M (515 M Q1 2025) Top3investmentdealsQ12026 Upper-scale hotel categories,namely 5-starand 4-starproperties,accounted for more than 75% oftotal investment during the quarter,highlighting a clear preference forhigher-quality assets. Madrid,NHCasaSuecia Vendor: Feuring Hotelconsutting IPurchaser.BeasantCapitalN°rooms: 123Source: Eje Prime The majority of quarterlyinvestmentcontinuestobeconcentrated in Spain's coastalareas, primarily in the islands andCosta del Sol. Bilbao, Hotel Melia Vendor: Hotei Properties IPurchaser: NordestePropertiesN°ro0ms:210Source: Brainsre Ibiza emerged as the leadingdestination during the quarter,accountingfor3o%oftotaltransactions,withnotableupscalehoteldealssuchastheBlessHotelIbizaandtheIbizaCorsoHotel&Spa.amongothers.Whenconsidering the Balearic Islands asa whole, this share rises to 45%. Fuerteventura, Eurostars Las SalinasVendor:AtomHotelesIPurchaser:NaxitisN°rooms:223Source:Observatorio Inmobiliario Meanwhile,LasPalmasaccounted for around 20% of totaltransactions. The Spanish capitalcontinuestoattracthotelinvestment, representingapproximately 15% of totalinvestment. The buyer profile was mainlydominated by private investmentmanagers,accountingforaround55%oftotaltransactions.Hoteloperators represented more than30%,whilefamilyofficesaccountedfor approximately 15% of totalinvestment during the quarter. Investment by province* TOPQ12026(%) We like questions, if you've got one about ourresearch, or would like some property advice,wewouldlovetohearfromyou IsabelRodriguez-LegorburuAssociateDirector,Hotels&Hospitality Daniel CaprarinHead of Research, Marketing & PR+34600919087daniel.caprarin@es.knightfrank.com