12 Jul
2019

A woman is standing in front of a flight schedule board at an airport, planning her Spain tourism.

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Last Updated on 11/03/2023 by STEPHANE

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Spain is the third biggest market for Airbnb

Airbnb has just released its Direct Economic Impact in 2018.

Spain is the third country on the list:

Based on Host Income and Estimated Guest Spending- in USD during trip

USA: 33.8 billion
France: 10.8 billion
Spain: 6.9 billion
Italy: 6.4 billion
UK: 5.6 billion
Australia: 4.4 billion
Canada 4.3 billion
Japan: 3.5 billion
Mexico: 2.7 billion
Portugal: 2.3 billion

As the Airbnb states:

As our community continues to grow, we are generating substantial economic benefits for hosts and communities. According to new survey findings and an analysis of internal data released today, Airbnb’s host and guest community generated over $100 billion in estimated direct economic impact across 30 countries in 2018 alone*.

Of course tourists add a lot of economic activity to the Spanish Economy:

According to an Airbnb survey of more than 228,000 around the world:

84 percent of Airbnb hosts say they recommend restaurants and cafes to guests.
69 percent of Airbnb hosts say they recommend cultural activities such as museums, festivals, and historical sites to guests.
51 percent of Airbnb hosts say hosting has helped them afford their homes.
On average, Airbnb guests say 42 percent of their spending occurs in the neighborhood where they stay.
50 percent of guests say they spent the money they saved by staying on Airbnb in the cities and neighborhoods they visited.
70 percent of guests say wanting to explore a specific neighborhood matters in their decision to use Airbnb.
86 percent of guests say the location being more convenient than hotels matters in their decision to use Airbnb.
Guests who say Airbnb impacted the length of their stay on average added 4.3 days to their trip.

According to a research from Caixabank, tourism accounts for 16% of the Spanish Economy in 2017.

Spain is the top tourist destination in Europe

Spain is the top tourist destination in Europe with more than 20% of the nights spent by tourists in Europe. See the 12th reason for buying a property in Spain.

Spain is the world’s most attractive country for Tourism

According to the World Economic Forum, Spain is the most attractive country for tourism in the world.

Spain attains the 1st place globally in the global T&T competitiveness index for the second time. Spain’s success can be attributed to its unique offer of both cultural (2nd) and natural (9th) resources, combined with sound tourism service infrastructure (2nd), air transport connectivity (9th) and strong policy support (5th). Spain’s T&T sector has benefited from the recent ease of its fiscal policy, and by the redirected tourism from Middle East and parts of Western Europe, affected by security concerns. These developments, however, do not take anything away from Spain’s ability to provide an excellent environment for the T&T sector to flourish. The challenge now is to continue to find ways to improve, given the sector’s maturity. While Spain’s ground transportation is ranked in the top 15 economies, it has started to show signs of initial decline, suggesting that upgrades and modernization are expected. In addition, the business environment (75th) can be improved, as dealing with construction permits remains burdensome (104th), and there is room to increase international openness further (43rd, down two places).