Drop in Lettings for Spanish Landlords

For anyone hoping to move to Spain and start a holiday accommodation business, the most recent industry statistics make disappointing reading. Take up of accommodation in Spanish resorts in April was down 3.5 percent on last year, while the number of available beds rose 2.0 percent, according to the Spanish National Statistics Institute.

Spanish Holiday Accommodation Facts

• Overnight stays in holiday lets (apartments, villas, campsites, etc) totalled 4.6m in April.
• Non-residents accounted for almost three-quarters of the lets. United Kingdom tourists were the largest group with over 1.3 million overnight stays in April, down 2.3 percent on last year.
• Holiday bed places increased 2 percent, to exceed 428,000.
• The holiday dwelling occupancy rate was 51 percent in April, 5 percent less than in the April last year.
• UK tourists, at 39 percent, were the largest non-resident group lstaying in accommodation, followed by Germany (23 percent), Sweden, Netherlands (5 percent each) and Ireland (4 percent).
• The Canaries were the most popular destination for tourists – logging some 2.8m overnight stays – 6 percent down on April 2006. Valencia was the second most popular destination with over 480,500 overnight stays- 9 percent down on last year.
• The highest occupancy level was in Madrid – 76 percent - followed by Navarra - 67 percent – and the Canaries - 60 percent.