Automatic

🏖️ Canarias welcomed nearly 18 million tourists in 2024, who spent €24 billion, including domestic tourism. This was an increase of €2 billion from the previous year. The average tourist spending rose by 26% since 2019 to €1,416. Increases in expenditure were noted in accommodations (27%), inter-island fares (39%), public transportation (34%), vehicle rentals (64%), restaurants and cafés (46%), and supermarkets (24%). Tourist activities and experiences surged, notably in leisure parks (83%) and health-related activities (78%). Flight prices increased by 20%, yet represented 28% of total tourist spending, with 42% on accommodations. The British market thrived, with significant growth in Italian (68%) and French (55.7%) tourism. The domestic market nearly reached 2 million visitors in 2024, with a 12.7% increase in winter air connectivity compared to the previous year and a predicted 6.1% increase for the summer.

🏨 Grupo Barceló cerró 2024 con una facturación de más de 6.500 millones de euros, superando los 5.657 millones de 2023. La división hotelera aportó 2.122 millones, un aumento de 265 millones respecto al año previo. Christie & Co presentó "Business Outlook 2025", augurando estabilidad en ocupación y crecimiento moderado en tarifas en el mercado hotelero español, con foco en sostenibilidad y acceso a financiación. Dos aeropuertos españoles, Madrid-Barajas y Barcelona-El Prat, se colocaron entre los más transitados de Europa en 2024, ocupando la sexta y séptima posición, con Atlanta encabezando a nivel global con 62.7 millones de asientos.

🏨 Grupo Barceló closed 2024 with record figures, surpassing €6.5 billion in revenue, an increase from €5.657 billion the previous year. The hotel chain contributed €2.122 billion to the revenue, €265 million more than in 2023. Net profit exceeded €300 million, with an EBITDA of €500 million, 24% higher than in 2023, and net financial debt at zero. Destinations in America contributed 65% of the total EBITDA. Barceló Hotel Group plans to invest around €400 million in acquiring, renovating, and repositioning strategic hotel assets, with a focus on Mexico, the Dominican Republic, Spain, and Morocco.

🏨 Christie & Co's "Business Outlook 2025" report indicates Spain's hotel investment trends for the year, revealing a record occupancy and Average Daily Rate (ADR), with over €3.2 billion in transactions in 2024. Institutional investors are expected to return to the market, driven by lower debt costs and diversification needs, alongside economic and mid-range operators accelerating growth in Spain, and international brands continuing their market penetration supported by white-label managers. Economic recovery post-inflation and energy cost normalization may limit hotel price increases. Spain solidifies as a global tourism leader amidst political instability in Eastern Europe and the Middle East. Domestic clientele, representing about a third of overnight stays, is not expected to grow in 2025. Spanish banks remain willing to finance hospitality, though Loan-to-Value (LTV) ratios haven't returned to pre-2022 levels. Alternative financing is growing. Spain leads in sustainability, driven by legislation and customer expectations, addressing overtourism and staff housing shortages in islands by developing accommodations.