Iberian Hotel Figures Q1 2026

Hotel investment in Iberia reached €1.1 billion during the first quarter of 2026, an increase of 44% compared to the same period in 2025 and 65% above the 2020-2024 average. Spain accounted for 66% and Portugal for 34% of hotel investment in Iberia. 
 
The Spanish hotel sector welcomed more than 20 million visitors between January and March, marking the highest volume ever recorded in a first quarter and further solidifying the trend toward the year-round distribution of tourism. This result reflected an acceleration in growth compared to last year (+4%), with activity picking up in March (+8%), driven by both domestic and international demand. 
 
The hotel supply in Spain stood at 1,262,160 available beds distributed across 12,770 establishments, with an occupancy rate of around 62%. 
 
In Portugal, By the first quarter of 2026, the cumulative number of guests reached approximately 5.8 million, representing a 1.5% increase compared to the cumulative figure for the corresponding period last year. Total overnight stays in 2026 reached 13.6 million up to March, which means an increase of 1% when compared to the same period in 2025. 
 
The Portuguese supply of tourist accommodation reached a total of 8,502 registered establishments, offer approximately 505 thousand beds (+2.4% YoY).