INE, Spain's national statistics institute, published its June Coyuntura Turística Hotelera, the monthly hotel-occupancy survey, on Friday 24 July: 38.6 million hotel overnight stays across Spain, down 0.9 per cent on June 2025, with occupancy at 65.6 per cent of available places, down 0.2 points 1. Over the same month the average daily rate per occupied room rose 5.8 per cent to EUR 137.1, and the hotel price index rose 5.6 per cent.
Fewer nights sold, at higher prices. Spanish hoteliers spent the spring arguing that regulating short lets would cost them volume, and a month in which volume slipped by under one per cent while rates climbed by nearly six does not carry that case. Hotel groups will reasonably answer that a 0.9 per cent dip sits inside the noise of a single reading, and one month is one month.
The accompanying INE count put registered short-term rental inventory at 329,764 properties, down 12.4 per cent after the Supreme Court struck down the national registration procedure . Cap or shrink the short-let channel, the substitution argument runs, and displaced demand returns to hotels, which then have less room to raise prices. A quarter in which one channel's registered supply contracted while the other channel's prices rose does not support that mechanism.
For anyone choosing between a hotel bill and a lease, Madrid closed June at EUR 23.7 per square metre in the capital, up 7.6 per cent year on year, according to Idealista 2. On a 70 square metre flat that works out at roughly EUR 1,659 a month before bills, which is the figure a relocating remote worker should budget against rather than any national average. Two caveats travel with it. The number covers Madrid capital rather than the wider Comunidad, and Idealista builds its index from asking prices on its own listings, so it leads signed contracts rather than recording them.
