西班牙酒店2025年第一季度快照

Investment Rating - The report indicates a strong investment interest in the hotel sector in Spain, with a total investment volume of €506 million in Q1 2025, although this is a decrease from €660 million in Q1 2024 [12][15]. Core Insights - Spain is projected to attract around 100 million foreign tourists in 2025, marking a significant recovery and growth in the tourism sector post-Covid-19, with nearly 94 million tourists recorded in 2024, a 12.3% increase compared to 2019 [3][4]. - The hotel investment landscape is primarily focused on upscale establishments, with four-star hotels accounting for 45% and five-star hotels for 24% of the total investment, reflecting consumer preferences for higher-end accommodations [12][13]. - Barcelona is highlighted as a key investment destination, representing nearly one-third of the total investment for the quarter, alongside significant investments in Madrid and popular coastal cities [13][14]. Summary by Sections Tourism Dynamics - The tourism sector in Spain is experiencing a dynamic shift towards experiential leisure activities, which has positively impacted international tourism [2]. - In the first months of 2025, Spain recorded over 10.4 million foreign tourists, a 7% increase compared to the same period in 2024, aligning with the forecast of reaching 100 million tourists for the year [4]. Hotel Investment Trends - The majority of hotel transactions in Q1 2025 were concentrated in upscale hotels, with notable investments in cities like Barcelona and Madrid, particularly near major tourist attractions [12][13]. - The report details significant transactions, including the acquisition of Hotel La Bobadilla in Granada and the development of a new hotel on Madrid's Gran Vía [16]. Market Performance Indicators - The average daily rate (ADR) and revenue per available room (RevPAR) metrics are crucial for assessing hotel performance, with RevPAR recorded at €72.97 in November 2024 [6].