With Málaga soaring in its position as a region of reference in the Mediterranean, the hotel sector continues to be on the rise. We have 18 hotel projects underway, while operators and investors remain focussed on the city and the Costa del Sol.
José Luis García-Hirschfeld | Associate Director
Considering the growth of the city and compared with the number of hotel rooms in other Andalusian cities, we do not believe there is an excessive risk of saturation in the short term. Málaga has positioned itself as a city of reference for culture and tourism following its successful evolution. Over the last year, it has also progressed in the business sector. One of Málaga’s challenges is to continue growing as a destination for conventions and wealthy tourism. The outlook is for us to return to 2019 levels or even exceed the record 2019 occupancy rates and ADR by 2023. Growth since 2010 has been exponential and forecasts indicate, when travel resumes and provided the national macroeconomic indexes are maintained, that Málaga will continue growing and enhancing its appeal as a destination for investors and operators in the hotel sector.