Spanish hotel transactions exceeded €1.6Bn in H1 2024, involving 56 properties and over 8,100 rooms. This is about a 3% increase compared to H1 2023 and 56% above the 5-year average (2019-2023). The Balearics, Barcelona, and Madrid were the most active hotel investment markets, supported by healthy operating results. Elevated investment activity is expected going forward, likely exceeding €3.0Bn by the end of 2024.
easyHotel, the low-carbon, great-value hotel chain, is delighted to announce it has acquired a brand-new hotel in Madrid, Spain, scheduled to open in spring 2025. The new hotel will be the second easyHotel location in the Spanish capital, following the opening of a franchised hotel in late 2022.
New hotel building, directly at the trade fair.
The Bohemia Suites & Spa Gran Canaria is beloved by its guests, significantly outperforming other luxury hotels in Europe based on online guest satisfaction ratings. To learn how they have achieved these results, we spoke with Papis Diouf, the property’s Food and Beverage Manager, who was responsible for implementing operating processes and technology that allows their teams to deliver the service that is earning their category-leading reviews. This case study covers the story of how they did this.
Majorca-headquartered Globales has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, across its expanding 54-property portfolio. The partnership, which comes amid a summer that is expected to see international travellers to Spain grow by 8% from last year’s record season, will enhance the powerhouse hotel brand’s financial performance and streamline its operations.
Thanks to a boost from the annual Spanish Grand Prix, Barcelona's monthly average daily rate (ADR) and revenue per available room (RevPAR) reached all-time highs, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Protesters in Barcelona have sprayed visitors with water as part of a demonstration against mass tourism.
Sun, sea, and plenty of space to relax and let creative energies flow. Opening this month, the new Bikini Island & Mountain Hotel Es Trenc will unfold across three uniquely renovated buildings nestled amongst lushly landscaped gardens with unending Mediterranean views. When exploring the property, guests will discover everything from contemporary dining experiences to a hidden boules court and the Gin Sul sunset bar to an artist lounge with a professional recording studio.
INNSiDE by Meliá Wave Calviá is the latest addition to Mallorca's ever-evolving hospitality landscape and is already attracting a new generation of curious and adventurous travellers. The hotel's opening represents a significant milestone in the ongoing redevelopment of the Magaluf area. With a strong emphasis on delivering high-quality lifestyle experiences, Meliá Hotels International aims to rejuvenate this iconic destination, blending modern sophistication with the rich, local culture.
Room Mate Hospitality & Leisure, S.L. (“Room Mate Hotels”), a leading lifestyle hotel brand and lease management company headquartered in Madrid, today announced the acquisition of Staying Valencia, a portfolio of boutique hotels and aparthotels in Valencia. This strategic acquisition marks a significant milestone in Room Mate Hotels’ expansion strategy, bolstered by the support of TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, and Westmont Hospitality (“Westmont”), which together acquired Room Mate Hotels in 2022.
In the first four months of 2024, full-service branded hotels in Barcelona recorded a healthy performance increase, underpinned by growing tourism demand and the regulation constraining hotel development.
Conveniently located a mere 30 minutes from Barcelona´s El Prat international airport, this modern 4* Superior resort boasts 150 truly spacious rooms and suites, ranging from 34 to 70 m2. The hotel's refurbishment reflects Barcelona´s eclectic modern, mediterranean interiors combined with modernist façades, and includes a Green Certificate for energy efficiency.
Haywood brings over two decades of diverse and highly relevant industry experience within the hospitality and SaaS technology sectors to his role at BirchStreet. Throughout his successful career, he has capitalized on his experience and expertise, holding several e-commerce and SaaS technology company management, leadership and commercial positions in organizations such as RateGain Technologies, TravelClick (Amadeus), Melia Hotels, The Ascott Group, and First Option Hotel Reservations.
UMusic Hotels announced the appointment of Iñigo Sánchez-Crespo as General Manager of UMusic Hotel Madrid. Sánchez-Crespo will be instrumental in reinforcing the company's culture, strengthening core values, and enhancing leadership development and team cohesion across all levels of the organization. Other duties will include consolidating the unique value proposition UMusic Hotel Madrid brings to the city, enhancing customer satisfaction, and continuously improving the Hotel's culinary offerings. Under his leadership, UMusic Hotel Madrid will continue to provide unparalleled service and exceptional experiences to guests and visitors.
Travelodge, the UK’s first budget hotel brand which operates over 600 hotels across the UK, Ireland and Spain, continues its Spanish expansion and has today announced the opening of five new Travelodge hotels; Alicante Puerto, Barcelona del Valles, Madrid Alcala de Henares, Malaga Aeropuerto and Murcia, totalling 635 rooms.
hiji Distribution Solutions achieved its best year in 2023, doubling booking production from 2019 despite air travel capacity remaining below pre-pandemic levels. Over the past year, the company has expanded its global business footprint considerably, signing new partnerships in Japan, Korea, Taiwan, Indonesia, Europe and the US, while launching a next-generation channel manager for customers in China, the Book & Pay online marketplace, a new Digital Assets Library within IcePortal, and a Switch & UnionPay automated B2B settlement solution. This growth and success highlight Shiji's commitment to investing heavily in innovation and product development, ensuring that it remains at the forefront of hospitality distribution. In order to support this success and plan for future growth Shiji is promoting Lluc as Director of Strategic Account Sales.
International hotel brands will continue to pour into Spain, according to Global Asset Solution’s Spanish Hotel Market Outlook 2024. The company said that it expected to see budget brands join the swelling numbers of luxury flags as both domestic and international tourism grew.
Hotel Byblos, the luxury Palace hotel nest-led in the heart of Saint Tropez, is delighted to reveal its collaboration with Paris-based interior designer Laura Gonzalez for the renovation of four exclusive suites.
Produced jointly by STR and Cushman & Wakefield, the Hotel Sector Barometer confirms the upsurge in tourism and hotel activity in Spain, with outstanding results across all indicators showing growth over the figures for the first quarter of 2023. Spain’s hotels achieved occupancy of 68.5% between January and March (+4.9% compared to the same quarter in 2023), with average daily rates (ADR) standing at €134.60 (+11.7%) and revenue per available room (RevPAR) of €92.10 (+17.1%). In terms of destinations, the Canaries topped the table for all three indicators. Given that the first three months of the year represent high season for the islands, occupancy understandably reached 84.3%. For their part, ADR hit €171.30 and RevPAR €144.40. These figures represent significant growth over the figures for the first quarter of the preceding year, amounting to 16.7% with respect to ADR and 22.2% in terms of RevPAR. The fact that the Easter holidays fell in March enabled the Canary Islands to add domestic tourism to the usual international visitors that come during the winter months.
Meliá Hotels International proudly announces the grand opening of its latest five-star hotel in Lloret de Mar, seamlessly joining the portfolio of its globally renowned brand, Meliá Hotels & Resorts. This highly anticipated debut not only signifies the company's continued expansion into premium and luxury segments but also brings its renowned exceptional service and quintessential Spanish hospitality to one of Costa Brava's most sought-after vacation spots.