Figures
Iberian Hotel Figures Q1 2024
Hotel sector in Iberia reached €654 million transacted in Q1 2024
June 6, 2024 10 Minute Read
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- Investment turnover in the hotel sector reached €654 million in the first quarter (+22% y-o-y).
- Spain represented 88% of the investment and Portugal 12% of the total in Iberia.
- 35 hotel assets and more than 3,500 rooms were transacted in Iberia.
- Investors continue to focus on high-end hotels due to their more resilient and inelastic nature.
- Hotel investment in Iberia accounted for 27% of the total volume transacted, while in Europe it stood at c.12% in Q1 2024.