西班牙酒店2026年第二季度快照

The sector indicators are compiled quarterly from a detailed andexhaustive study prepared by experts in the Knight Frank Spain officeand are based on real data and market trends. Q22026 www.knightfrank.es/research Investment volume exceeds€2.3 billionin the first half of the year, a year-on-year increase of 33% Spain's tourist numbers keep climbing, with projectionsshowing the country reaching 100 million visitors by theend of 2026. As of June, the top destinations were stillclustered along the Mediterranean coastline. Spain ADR (% jun 26 vs jun 25)5.9%(5.5% jun 25 vs jun24) SPAIN SITUATION RevPAR(% jun 26 vs jun 25)4.8%(7.4% jun 25 vs jun 24) Spain has received more than 36million tourists through May, a 5%increase compared to the same period in2025, with projections to surpass 40million visitors over the summer and 100million by end of the year. € and % Nºhotel overnight (% S1 26 vs S1 25) In the same line, tourism revenue hasexceeded€50 billion in the first fivemonths of 2026, growing 8% year-on-year and consolidating Spain's positionas Europe's leading destination by touristspending, and third in the world behindthe US and China. By end of the year,growth is projected at around 9%annually. 1.5 %(0.4%jun25vsjun24) The main countries of origin havebeen the UK, France, and Germany, withthe Mediterranean coast, the CanaryIslands, Andalucia, and Madrid standingout as the top destinations. Hotel indicators continue to showpositive evolution, with a year-on-yearincrease of 5.9% in average daily rate(ADR) recorded in June, and 4.8% inrevenue per available room (RevPAR).Hotel overnight stays rose 1.5% annuallyover the first half of the year, driven byforeign tourists and reinforcing thestrong performance of internationaldemand. INVERSIÓN HOTELERAEN ESPAÑA Spain During the second quarterof the year, the hotelsector was marked by theacquisition of a portfolioof three hotels by CalenaPartners, spread acrossthe islands of Mallorcaand Gran Canaria.Another notabletransactionwas thepurchase of a 5 stars hotelin Ibiza by Grupo RamatfromStoneweg and Bain.Also worth mentioning isthe acquisition of the 4stars Hotel Ocean Housein Málaga byGrupotelHotels & Resorts. The second quarter of the yearclosed with hotel investment ofnearly€1,4 billion nationwide,bringing the total for the first halfto over€2.3billion, more than a30% increase compared to the firsthalf of 2025. Notably, the hotelsector has been one of the topdraws for real estate investment inSpain this first half of the year,capturing almost 25% of the total*.By category, during the second Investmentvolume H1 2026 €2,300M(€1,740M H12025) Top 3investment dealsQ2 2026 Various, Calena Portfolio Vendor: Blackstone |Purchaser: Calena PartnersNºrooms: 870Source: Eje Prime quarter, 5 stars hotels accountedfor around 45% of investment,while 4 stars establishmentsrepresented around 35%,reinforcing investor interest inhigher-quality, well-positionedassets. Ibiza, Hotel Mongibello Vendor:Stoneweg y Bain|Purchaser:GrupoRamatNºrooms: 53Source: Observatorio Inmobiliario Málaga,Hotel Ocean House Vendor: Apollo Global Management|Purchaser:GrupotelHotels& ResortsNºrooms:372Source: Hosteltur In terms of investment volume,Madrid stood out as the leadingbeneficiary market during thequarter. Among the most notabletransactions was the shareholderreorganization of CentroCanalejasMadrid, through whichMoharitook full (100%) control of the FourSeasons Madrid hotel, while OHLAassumed ownership of GaleríaCanalejasand the complex's maincar park.Hotel operators continue to be the most active buyers in thissegment, expanding their footprintthrough strategic acquisitionsdesigned to build out theirportfolios and increase exposure todestinations with strongunderlying demand. Includes the hotel, office, retail, logistics, and living sectors. Investment by province* TOP Q22026byvolume(%) We like questions, if you’ve got one about ourresearch, or would like some property advice,we would love to hear from you. Isabel Rodríguez-LegorburuAssociate Director, Hotels & Hospitality Daniel CaprarinHead of Research, Marketing & PR+34 600 919 087daniel.caprarin@es.knightfrank.com