What Are the Best Places to Invest in Airbnb in Spain?

Source: AirROI Reviewed by Jun Zhou , Founder @ AirROI

Updated: 2026-04-08

The short-term rental market in Spain spans 100 cities tracked in AirROI's 2026 dataset, ranging from mature urban markets with thousands of active listings to emerging destinations where early operators still have pricing leverage. Supply growth, regulation, and seasonal demand vary significantly across the region — making market selection one of the highest-leverage decisions an Airbnb investor can make.

This page ranks the best Airbnb markets in Spain across four dimensions: market depth (active listings), revenue, nightly rate (ADR), and occupancy rate. Madrid, Community of Madrid leads by market size with 15,872 active listings and $2,405/month revenue. Across all ranked markets, average occupancy is 42.5% with $1,630/month in average revenue and $193/night ADR.

Rankings based on AirROI's analysis of 20,000,000+ short-term rental listings across revenue, ADR, occupancy, and regulation. See ranking methodology.

Explore Live Market Data

Top Airbnb Markets in Spain by Active Listings

Active listing count is the most direct measure of a market's depth, maturity, and investor confidence. Cities with the most Airbnb listings in Spain attract the highest volume of travelers and offer the most reliable benchmarking data for pricing and revenue projections. Madrid, Community of Madrid leads with 15,872 active short-term rental listings and $2,405/month in average revenue.

#	Market	Active Listings (TTM)	Revenue/mo	ADR	Occupancy	Regulation
1	Madrid, Community of Madrid	15,872	$2,405	$175	53.1%	High
2	Barcelona, Catalonia	11,306	$3,351	$230	53.2%	High
3	Málaga, Andalusia	8,055	$2,212	$180	50.6%	High
4	Seville, Andalusia	6,923	$2,383	$184	48.8%	High
5	Valencia, Valencian Community	6,407	$1,821	$153	49.4%	High
6	Marbella, Andalusia	5,191	$2,755	$350	41.4%	High
7	Arona, Canary Islands	3,264	$1,621	$153	46.8%	High
8	Torrevieja, Valencian Community	3,247	$866	$122	40.9%	High
9	Alicante, Valencian Community	3,214	$1,522	$145	47.5%	High
10	Granada, Andalusia	2,999	$1,528	$137	44.2%	High
11	Mijas, Andalusia	2,981	$2,191	$242	45.1%	High
12	Adeje, Canary Islands	2,951	$2,342	$218	46.9%	High
13	Benalmádena, Andalusia	2,867	$1,946	$182	49.6%	High
14	San Bartolomé de Tirajana, Canary Islands	2,709	$1,723	$182	44.9%	High
15	Las Palmas de Gran Canaria, Canary Islands	2,378	$1,023	$118	40.3%	High
16	Fuengirola, Andalusia	2,346	$1,811	$191	47.0%	High
17	Estepona, Andalusia	2,284	$1,963	$251	42.4%	High
18	Benidorm, Valencian Community	2,262	$1,545	$179	41.5%	High
19	Torremolinos, Andalusia	2,234	$1,795	$159	48.8%	High
20	Dénia, Valencian Community	2,155	$1,161	$185	37.9%	High
21	Calp, Valencian Community	1,990	$1,530	$202	40.9%	High
22	La Oliva, Canary Islands	1,980	$1,498	$145	46.9%	High
23	Nerja, Andalusia	1,979	$1,693	$199	44.5%	High
24	Córdoba, Andalusia	1,844	$1,432	$167	37.2%	High
25	Orihuela, Valencian Community	1,754	$1,189	$162	39.3%	High
26	Conil de la Frontera, Andalusia	1,680	$1,187	$231	38.5%	High
27	Xàbia / Jávea, Valencian Community	1,562	$1,884	$280	40.1%	High
28	Salou, Catalonia	1,514	$1,229	$170	41.2%	High
29	Pollença, Balearic Islands	1,497	$3,907	$446	50.1%	High
30	Tías, Canary Islands	1,496	$2,175	$194	53.4%	High
31	Roses, Catalonia	1,496	$1,298	$183	40.0%	High
32	Tarifa, Andalusia	1,481	$1,449	$199	39.9%	High
33	Yaiza, Canary Islands	1,466	$2,731	$297	48.1%	High
34	San Sebastián, Autonomous Community of the Basque Country	1,356	$3,896	$298	48.8%	High
35	Mogán, Canary Islands	1,344	$1,604	$172	42.6%	High
36	Teguise, Canary Islands	1,320	$1,749	$149	51.4%	High
37	Chiclana de la Frontera, Andalusia	1,264	$1,407	$249	37.2%	High
38	Cádiz, Andalusia	1,257	$1,488	$157	42.0%	High
39	Bilbao, Autonomous Community of the Basque Country	1,257	$2,391	$198	47.6%	High
40	Gijón, Principado de Asturias	1,239	$1,262	$156	38.8%	High
41	Santa Pola, Valencian Community	1,232	$1,286	$155	42.3%	High
42	Santander, Cantabria	1,218	$1,132	$157	43.0%	High
43	Alcúdia, Balearic Islands	1,163	$4,006	$409	49.3%	High
44	Lloret de Mar, Catalonia	1,156	$1,667	$244	40.2%	High
45	Cartagena, Region of Murcia	1,102	$1,130	$162	36.9%	High
46	Granadilla de Abona, Canary Islands	1,037	$1,325	$142	44.3%	High
47	Vigo, Galicia	1,024	$1,030	$139	38.6%	High
48	Castelló d'Empúries, Catalonia	1,022	$1,238	$188	37.9%	High
49	Palma, Balearic Islands	1,018	$3,348	$300	50.9%	High
50	Almuñécar, Andalusia	1,010	$1,568	$212	40.5%	High
51	Puerto de la Cruz, Canary Islands	974	$1,215	$114	46.1%	High
52	Níjar, Andalusia	965	$1,139	$162	36.3%	High
53	Ciutadella, Balearic Islands	960	$2,253	$270	50.0%	High
54	Sitges, Catalonia	880	$2,588	$259	46.9%	High
55	Santa Cruz de Tenerife, Canary Islands	871	$1,338	$131	45.2%	High
56	l'Hospitalet de Llobregat, Catalonia	850	$2,484	$178	56.3%	High
57	Llanes, Asturias	849	$995	$177	34.0%	High
58	el Campello, Valencian Community	832	$1,880	$193	46.1%	High
59	l'Escala, Catalonia	827	$1,200	$193	38.2%	High
60	Altea, Valencian Community	823	$1,707	$227	41.6%	High
61	Vejer de la Frontera, Andalusia	821	$1,010	$164	36.2%	High
62	El Puerto de Santa María, Andalusia	815	$1,467	$240	35.9%	High
63	Torrox, Andalusia	806	$1,369	$199	41.3%	High
64	Pájara, Canary Islands	802	$1,233	$122	45.4%	High
65	Santiago del Teide, Canary Islands	801	$1,670	$166	44.2%	High
66	Orpesa / Oropesa del Mar, Valencian Community	801	$700	$142	32.6%	High
67	Peníscola / Peñíscola, Valencian Community	797	$995	$157	37.1%	High
68	Sanxenxo, Galicia	795	$775	$173	35.1%	High
69	Oviedo, Principado de Asturias	792	$1,202	$132	43.1%	High
70	Manilva, Andalusia	787	$1,137	$180	36.7%	High
71	Zaragoza, Aragon	771	$1,357	$128	44.6%	High
72	Gandia, Valencian Community	752	$1,112	$172	38.3%	High
73	San Javier, Campo de Cartagena y Mar Menor	749	$883	$146	34.7%	High
74	Santanyí, Balearic Islands	739	$4,440	$513	51.2%	High
75	Murcia, Área Metropolitana de Murcia	738	$933	$118	40.0%	High
76	Jerez, Andalusia	728	$1,114	$147	34.1%	High
77	Cambrils, Catalonia	716	$1,173	$202	38.6%	High
78	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	710	$1,214	$218	36.6%	High
79	Vera, Andalusia	699	$746	$132	37.7%	High
80	Vélez-Málaga, Andalusia	681	$1,346	$181	39.5%	High
81	San Miguel de Abona, Canary Islands	680	$1,850	$178	44.5%	High
82	Teulada, Valencian Community	680	$1,976	$298	41.7%	High
83	Palafrugell, Catalonia	675	$2,016	$287	40.9%	High
84	Toledo, Castile-La Mancha	669	$1,441	$160	37.0%	High
85	Almeria, Andalusia	665	$1,037	$133	40.4%	High
86	Antigua, Canary Islands	662	$1,376	$139	45.8%	High
87	Torroella de Montgrí, Catalonia	653	$1,123	$184	35.6%	High
88	Salamanca, Castile and León	647	$1,034	$104	38.6%	High
89	Barbate, Andalusia	644	$1,220	$190	37.5%	High
90	Roquetas de Mar, Andalusia	619	$885	$132	39.2%	High
91	Tarragona, Catalonia	612	$1,251	$142	44.5%	High
92	Mojácar, Andalusia	608	$1,163	$162	39.9%	High
93	Begur, Catalonia	592	$2,325	$356	40.9%	High
94	Girona, Catalonia	583	$2,185	$181	50.5%	High
95	Oliva, Valencian Community	583	$1,125	$179	37.4%	High
96	A Coruña, Galicia	574	$1,157	$137	44.7%	High
97	Mont-roig del Camp, Catalonia	560	$1,094	$205	38.2%	High
98	Cullera, Valencian Community	558	$1,257	$175	38.3%	High
99	Ayamonte, Andalusia	555	$812	$164	33.5%	High
100	Elx / Elche, Valencian Community	550	$1,279	$158	39.2%	High

Most Profitable Airbnb Markets in Spain by Revenue

The most profitable Airbnb cities in Spain are those where hosts earn the highest average monthly revenue per listing — the single most telling indicator of a market's income potential. Santanyí, Balearic Islands leads with $4,440/month at $513 ADR and 51.2% occupancy. Whether you are evaluating your first STR investment or benchmarking an existing property, these top-earning Airbnb markets show where vacation rentals generate the greatest short-term rental income.

#	Market	Revenue/mo	Active Listings (TTM)	ADR	Occupancy	Regulation
1	Santanyí, Balearic Islands	$4,440	739	$513	51.2%	High
2	Alcúdia, Balearic Islands	$4,006	1,163	$409	49.3%	High
3	Pollença, Balearic Islands	$3,907	1,497	$446	50.1%	High
4	San Sebastián, Autonomous Community of the Basque Country	$3,896	1,356	$298	48.8%	High
5	Barcelona, Catalonia	$3,351	11,306	$230	53.2%	High
6	Palma, Balearic Islands	$3,348	1,018	$300	50.9%	High
7	Marbella, Andalusia	$2,755	5,191	$350	41.4%	High
8	Yaiza, Canary Islands	$2,731	1,466	$297	48.1%	High
9	Sitges, Catalonia	$2,588	880	$259	46.9%	High
10	l'Hospitalet de Llobregat, Catalonia	$2,484	850	$178	56.3%	High
11	Madrid, Community of Madrid	$2,405	15,872	$175	53.1%	High
12	Bilbao, Autonomous Community of the Basque Country	$2,391	1,257	$198	47.6%	High
13	Seville, Andalusia	$2,383	6,923	$184	48.8%	High
14	Adeje, Canary Islands	$2,342	2,951	$218	46.9%	High
15	Begur, Catalonia	$2,325	592	$356	40.9%	High
16	Ciutadella, Balearic Islands	$2,253	960	$270	50.0%	High
17	Málaga, Andalusia	$2,212	8,055	$180	50.6%	High
18	Mijas, Andalusia	$2,191	2,981	$242	45.1%	High
19	Girona, Catalonia	$2,185	583	$181	50.5%	High
20	Tías, Canary Islands	$2,175	1,496	$194	53.4%	High
21	Palafrugell, Catalonia	$2,016	675	$287	40.9%	High
22	Teulada, Valencian Community	$1,976	680	$298	41.7%	High
23	Estepona, Andalusia	$1,963	2,284	$251	42.4%	High
24	Benalmádena, Andalusia	$1,946	2,867	$182	49.6%	High
25	Xàbia / Jávea, Valencian Community	$1,884	1,562	$280	40.1%	High
26	el Campello, Valencian Community	$1,880	832	$193	46.1%	High
27	San Miguel de Abona, Canary Islands	$1,850	680	$178	44.5%	High
28	Valencia, Valencian Community	$1,821	6,407	$153	49.4%	High
29	Fuengirola, Andalusia	$1,811	2,346	$191	47.0%	High
30	Torremolinos, Andalusia	$1,795	2,234	$159	48.8%	High
31	Teguise, Canary Islands	$1,749	1,320	$149	51.4%	High
32	San Bartolomé de Tirajana, Canary Islands	$1,723	2,709	$182	44.9%	High
33	Altea, Valencian Community	$1,707	823	$227	41.6%	High
34	Nerja, Andalusia	$1,693	1,979	$199	44.5%	High
35	Santiago del Teide, Canary Islands	$1,670	801	$166	44.2%	High
36	Lloret de Mar, Catalonia	$1,667	1,156	$244	40.2%	High
37	Arona, Canary Islands	$1,621	3,264	$153	46.8%	High
38	Mogán, Canary Islands	$1,604	1,344	$172	42.6%	High
39	Almuñécar, Andalusia	$1,568	1,010	$212	40.5%	High
40	Benidorm, Valencian Community	$1,545	2,262	$179	41.5%	High
41	Calp, Valencian Community	$1,530	1,990	$202	40.9%	High
42	Granada, Andalusia	$1,528	2,999	$137	44.2%	High
43	Alicante, Valencian Community	$1,522	3,214	$145	47.5%	High
44	La Oliva, Canary Islands	$1,498	1,980	$145	46.9%	High
45	Cádiz, Andalusia	$1,488	1,257	$157	42.0%	High
46	El Puerto de Santa María, Andalusia	$1,467	815	$240	35.9%	High
47	Tarifa, Andalusia	$1,449	1,481	$199	39.9%	High
48	Toledo, Castile-La Mancha	$1,441	669	$160	37.0%	High
49	Córdoba, Andalusia	$1,432	1,844	$167	37.2%	High
50	Chiclana de la Frontera, Andalusia	$1,407	1,264	$249	37.2%	High
51	Antigua, Canary Islands	$1,376	662	$139	45.8%	High
52	Torrox, Andalusia	$1,369	806	$199	41.3%	High
53	Zaragoza, Aragon	$1,357	771	$128	44.6%	High
54	Vélez-Málaga, Andalusia	$1,346	681	$181	39.5%	High
55	Santa Cruz de Tenerife, Canary Islands	$1,338	871	$131	45.2%	High
56	Granadilla de Abona, Canary Islands	$1,325	1,037	$142	44.3%	High
57	Roses, Catalonia	$1,298	1,496	$183	40.0%	High
58	Santa Pola, Valencian Community	$1,286	1,232	$155	42.3%	High
59	Elx / Elche, Valencian Community	$1,279	550	$158	39.2%	High
60	Gijón, Principado de Asturias	$1,262	1,239	$156	38.8%	High
61	Cullera, Valencian Community	$1,257	558	$175	38.3%	High
62	Tarragona, Catalonia	$1,251	612	$142	44.5%	High
63	Castelló d'Empúries, Catalonia	$1,238	1,022	$188	37.9%	High
64	Pájara, Canary Islands	$1,233	802	$122	45.4%	High
65	Salou, Catalonia	$1,229	1,514	$170	41.2%	High
66	Barbate, Andalusia	$1,220	644	$190	37.5%	High
67	Puerto de la Cruz, Canary Islands	$1,215	974	$114	46.1%	High
68	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	$1,214	710	$218	36.6%	High
69	Oviedo, Principado de Asturias	$1,202	792	$132	43.1%	High
70	l'Escala, Catalonia	$1,200	827	$193	38.2%	High
71	Orihuela, Valencian Community	$1,189	1,754	$162	39.3%	High
72	Conil de la Frontera, Andalusia	$1,187	1,680	$231	38.5%	High
73	Cambrils, Catalonia	$1,173	716	$202	38.6%	High
74	Mojácar, Andalusia	$1,163	608	$162	39.9%	High
75	Dénia, Valencian Community	$1,161	2,155	$185	37.9%	High
76	A Coruña, Galicia	$1,157	574	$137	44.7%	High
77	Níjar, Andalusia	$1,139	965	$162	36.3%	High
78	Manilva, Andalusia	$1,137	787	$180	36.7%	High
79	Santander, Cantabria	$1,132	1,218	$157	43.0%	High
80	Cartagena, Region of Murcia	$1,130	1,102	$162	36.9%	High
81	Oliva, Valencian Community	$1,125	583	$179	37.4%	High
82	Torroella de Montgrí, Catalonia	$1,123	653	$184	35.6%	High
83	Jerez, Andalusia	$1,114	728	$147	34.1%	High
84	Gandia, Valencian Community	$1,112	752	$172	38.3%	High
85	Mont-roig del Camp, Catalonia	$1,094	560	$205	38.2%	High
86	Almeria, Andalusia	$1,037	665	$133	40.4%	High
87	Salamanca, Castile and León	$1,034	647	$104	38.6%	High
88	Vigo, Galicia	$1,030	1,024	$139	38.6%	High
89	Las Palmas de Gran Canaria, Canary Islands	$1,023	2,378	$118	40.3%	High
90	Vejer de la Frontera, Andalusia	$1,010	821	$164	36.2%	High
91	Llanes, Asturias	$995	849	$177	34.0%	High
92	Peníscola / Peñíscola, Valencian Community	$995	797	$157	37.1%	High
93	Murcia, Área Metropolitana de Murcia	$933	738	$118	40.0%	High
94	Roquetas de Mar, Andalusia	$885	619	$132	39.2%	High
95	San Javier, Campo de Cartagena y Mar Menor	$883	749	$146	34.7%	High
96	Torrevieja, Valencian Community	$866	3,247	$122	40.9%	High
97	Ayamonte, Andalusia	$812	555	$164	33.5%	High
98	Sanxenxo, Galicia	$775	795	$173	35.1%	High
99	Vera, Andalusia	$746	699	$132	37.7%	High
100	Orpesa / Oropesa del Mar, Valencian Community	$700	801	$142	32.6%	High

Most Expensive Airbnb Markets in Spain by Nightly Rate

The average daily rate (ADR) measures how much guests pay per night in each market, making it the clearest indicator of a city's short-term rental pricing power. Santanyí, Balearic Islands commands the highest Airbnb nightly rate in Spain at $513/night, generating $4,440/month at 51.2% occupancy. Markets with premium nightly pricing typically feature high-demand destinations where travelers pay a significant premium over hotel alternatives.

#	Market	ADR	Active Listings (TTM)	Revenue/mo	Occupancy	Regulation
1	Santanyí, Balearic Islands	$513	739	$4,440	51.2%	High
2	Pollença, Balearic Islands	$446	1,497	$3,907	50.1%	High
3	Alcúdia, Balearic Islands	$409	1,163	$4,006	49.3%	High
4	Begur, Catalonia	$356	592	$2,325	40.9%	High
5	Marbella, Andalusia	$350	5,191	$2,755	41.4%	High
6	Palma, Balearic Islands	$300	1,018	$3,348	50.9%	High
7	Teulada, Valencian Community	$298	680	$1,976	41.7%	High
8	San Sebastián, Autonomous Community of the Basque Country	$298	1,356	$3,896	48.8%	High
9	Yaiza, Canary Islands	$297	1,466	$2,731	48.1%	High
10	Palafrugell, Catalonia	$287	675	$2,016	40.9%	High
11	Xàbia / Jávea, Valencian Community	$280	1,562	$1,884	40.1%	High
12	Ciutadella, Balearic Islands	$270	960	$2,253	50.0%	High
13	Sitges, Catalonia	$259	880	$2,588	46.9%	High
14	Estepona, Andalusia	$251	2,284	$1,963	42.4%	High
15	Chiclana de la Frontera, Andalusia	$249	1,264	$1,407	37.2%	High
16	Lloret de Mar, Catalonia	$244	1,156	$1,667	40.2%	High
17	Mijas, Andalusia	$242	2,981	$2,191	45.1%	High
18	El Puerto de Santa María, Andalusia	$240	815	$1,467	35.9%	High
19	Conil de la Frontera, Andalusia	$231	1,680	$1,187	38.5%	High
20	Barcelona, Catalonia	$230	11,306	$3,351	53.2%	High
21	Altea, Valencian Community	$227	823	$1,707	41.6%	High
22	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	$218	710	$1,214	36.6%	High
23	Adeje, Canary Islands	$218	2,951	$2,342	46.9%	High
24	Almuñécar, Andalusia	$212	1,010	$1,568	40.5%	High
25	Mont-roig del Camp, Catalonia	$205	560	$1,094	38.2%	High
26	Calp, Valencian Community	$202	1,990	$1,530	40.9%	High
27	Cambrils, Catalonia	$202	716	$1,173	38.6%	High
28	Tarifa, Andalusia	$199	1,481	$1,449	39.9%	High
29	Nerja, Andalusia	$199	1,979	$1,693	44.5%	High
30	Torrox, Andalusia	$199	806	$1,369	41.3%	High
31	Bilbao, Autonomous Community of the Basque Country	$198	1,257	$2,391	47.6%	High
32	Tías, Canary Islands	$194	1,496	$2,175	53.4%	High
33	el Campello, Valencian Community	$193	832	$1,880	46.1%	High
34	l'Escala, Catalonia	$193	827	$1,200	38.2%	High
35	Fuengirola, Andalusia	$191	2,346	$1,811	47.0%	High
36	Barbate, Andalusia	$190	644	$1,220	37.5%	High
37	Castelló d'Empúries, Catalonia	$188	1,022	$1,238	37.9%	High
38	Dénia, Valencian Community	$185	2,155	$1,161	37.9%	High
39	Seville, Andalusia	$184	6,923	$2,383	48.8%	High
40	Torroella de Montgrí, Catalonia	$184	653	$1,123	35.6%	High
41	Roses, Catalonia	$183	1,496	$1,298	40.0%	High
42	San Bartolomé de Tirajana, Canary Islands	$182	2,709	$1,723	44.9%	High
43	Benalmádena, Andalusia	$182	2,867	$1,946	49.6%	High
44	Vélez-Málaga, Andalusia	$181	681	$1,346	39.5%	High
45	Girona, Catalonia	$181	583	$2,185	50.5%	High
46	Manilva, Andalusia	$180	787	$1,137	36.7%	High
47	Málaga, Andalusia	$180	8,055	$2,212	50.6%	High
48	Benidorm, Valencian Community	$179	2,262	$1,545	41.5%	High
49	Oliva, Valencian Community	$179	583	$1,125	37.4%	High
50	l'Hospitalet de Llobregat, Catalonia	$178	850	$2,484	56.3%	High
51	San Miguel de Abona, Canary Islands	$178	680	$1,850	44.5%	High
52	Llanes, Asturias	$177	849	$995	34.0%	High
53	Madrid, Community of Madrid	$175	15,872	$2,405	53.1%	High
54	Cullera, Valencian Community	$175	558	$1,257	38.3%	High
55	Sanxenxo, Galicia	$173	795	$775	35.1%	High
56	Mogán, Canary Islands	$172	1,344	$1,604	42.6%	High
57	Gandia, Valencian Community	$172	752	$1,112	38.3%	High
58	Salou, Catalonia	$170	1,514	$1,229	41.2%	High
59	Córdoba, Andalusia	$167	1,844	$1,432	37.2%	High
60	Santiago del Teide, Canary Islands	$166	801	$1,670	44.2%	High
61	Vejer de la Frontera, Andalusia	$164	821	$1,010	36.2%	High
62	Ayamonte, Andalusia	$164	555	$812	33.5%	High
63	Mojácar, Andalusia	$162	608	$1,163	39.9%	High
64	Orihuela, Valencian Community	$162	1,754	$1,189	39.3%	High
65	Cartagena, Region of Murcia	$162	1,102	$1,130	36.9%	High
66	Níjar, Andalusia	$162	965	$1,139	36.3%	High
67	Toledo, Castile-La Mancha	$160	669	$1,441	37.0%	High
68	Torremolinos, Andalusia	$159	2,234	$1,795	48.8%	High
69	Elx / Elche, Valencian Community	$158	550	$1,279	39.2%	High
70	Cádiz, Andalusia	$157	1,257	$1,488	42.0%	High
71	Peníscola / Peñíscola, Valencian Community	$157	797	$995	37.1%	High
72	Santander, Cantabria	$157	1,218	$1,132	43.0%	High
73	Gijón, Principado de Asturias	$156	1,239	$1,262	38.8%	High
74	Santa Pola, Valencian Community	$155	1,232	$1,286	42.3%	High
75	Valencia, Valencian Community	$153	6,407	$1,821	49.4%	High
76	Arona, Canary Islands	$153	3,264	$1,621	46.8%	High
77	Teguise, Canary Islands	$149	1,320	$1,749	51.4%	High
78	Jerez, Andalusia	$147	728	$1,114	34.1%	High
79	San Javier, Campo de Cartagena y Mar Menor	$146	749	$883	34.7%	High
80	Alicante, Valencian Community	$145	3,214	$1,522	47.5%	High
81	La Oliva, Canary Islands	$145	1,980	$1,498	46.9%	High
82	Tarragona, Catalonia	$142	612	$1,251	44.5%	High
83	Granadilla de Abona, Canary Islands	$142	1,037	$1,325	44.3%	High
84	Orpesa / Oropesa del Mar, Valencian Community	$142	801	$700	32.6%	High
85	Antigua, Canary Islands	$139	662	$1,376	45.8%	High
86	Vigo, Galicia	$139	1,024	$1,030	38.6%	High
87	Granada, Andalusia	$137	2,999	$1,528	44.2%	High
88	A Coruña, Galicia	$137	574	$1,157	44.7%	High
89	Almeria, Andalusia	$133	665	$1,037	40.4%	High
90	Oviedo, Principado de Asturias	$132	792	$1,202	43.1%	High
91	Vera, Andalusia	$132	699	$746	37.7%	High
92	Roquetas de Mar, Andalusia	$132	619	$885	39.2%	High
93	Santa Cruz de Tenerife, Canary Islands	$131	871	$1,338	45.2%	High
94	Zaragoza, Aragon	$128	771	$1,357	44.6%	High
95	Torrevieja, Valencian Community	$122	3,247	$866	40.9%	High
96	Pájara, Canary Islands	$122	802	$1,233	45.4%	High
97	Las Palmas de Gran Canaria, Canary Islands	$118	2,378	$1,023	40.3%	High
98	Murcia, Área Metropolitana de Murcia	$118	738	$933	40.0%	High
99	Puerto de la Cruz, Canary Islands	$114	974	$1,215	46.1%	High
100	Salamanca, Castile and León	$104	647	$1,034	38.6%	High

Highest Occupancy Airbnb Markets in Spain

Airbnb occupancy rate measures the percentage of available nights actually booked — the most telling indicator of short-term rental demand in a market. l'Hospitalet de Llobregat, Catalonia leads Spain with 56.3% occupancy, $2,484/month revenue, and 850 active listings. Markets with the highest STR occupancy rates reflect strong, sustained guest demand — a critical signal for investors evaluating where properties will stay consistently booked year-round. This ranking is filtered to markets with 300+ listings to ensure statistical reliability.

#	Market	Occupancy	Active Listings (TTM)	Revenue/mo	ADR	Regulation
1	l'Hospitalet de Llobregat, Catalonia	56.3%	850	$2,484	$178	High
2	Tías, Canary Islands	53.4%	1,496	$2,175	$194	High
3	Barcelona, Catalonia	53.2%	11,306	$3,351	$230	High
4	Madrid, Community of Madrid	53.1%	15,872	$2,405	$175	High
5	Teguise, Canary Islands	51.4%	1,320	$1,749	$149	High
6	Santanyí, Balearic Islands	51.2%	739	$4,440	$513	High
7	Palma, Balearic Islands	50.9%	1,018	$3,348	$300	High
8	Málaga, Andalusia	50.6%	8,055	$2,212	$180	High
9	Girona, Catalonia	50.5%	583	$2,185	$181	High
10	Pollença, Balearic Islands	50.1%	1,497	$3,907	$446	High
11	Ciutadella, Balearic Islands	50.0%	960	$2,253	$270	High
12	Benalmádena, Andalusia	49.6%	2,867	$1,946	$182	High
13	Valencia, Valencian Community	49.4%	6,407	$1,821	$153	High
14	Alcúdia, Balearic Islands	49.3%	1,163	$4,006	$409	High
15	Seville, Andalusia	48.8%	6,923	$2,383	$184	High
16	San Sebastián, Autonomous Community of the Basque Country	48.8%	1,356	$3,896	$298	High
17	Torremolinos, Andalusia	48.8%	2,234	$1,795	$159	High
18	Yaiza, Canary Islands	48.1%	1,466	$2,731	$297	High
19	Bilbao, Autonomous Community of the Basque Country	47.6%	1,257	$2,391	$198	High
20	Alicante, Valencian Community	47.5%	3,214	$1,522	$145	High
21	Fuengirola, Andalusia	47.0%	2,346	$1,811	$191	High
22	Adeje, Canary Islands	46.9%	2,951	$2,342	$218	High
23	La Oliva, Canary Islands	46.9%	1,980	$1,498	$145	High
24	Sitges, Catalonia	46.9%	880	$2,588	$259	High
25	Arona, Canary Islands	46.8%	3,264	$1,621	$153	High
26	el Campello, Valencian Community	46.1%	832	$1,880	$193	High
27	Puerto de la Cruz, Canary Islands	46.1%	974	$1,215	$114	High
28	Antigua, Canary Islands	45.8%	662	$1,376	$139	High
29	Pájara, Canary Islands	45.4%	802	$1,233	$122	High
30	Santa Cruz de Tenerife, Canary Islands	45.2%	871	$1,338	$131	High
31	Mijas, Andalusia	45.1%	2,981	$2,191	$242	High
32	San Bartolomé de Tirajana, Canary Islands	44.9%	2,709	$1,723	$182	High
33	A Coruña, Galicia	44.7%	574	$1,157	$137	High
34	Zaragoza, Aragon	44.6%	771	$1,357	$128	High
35	Tarragona, Catalonia	44.5%	612	$1,251	$142	High
36	San Miguel de Abona, Canary Islands	44.5%	680	$1,850	$178	High
37	Nerja, Andalusia	44.5%	1,979	$1,693	$199	High
38	Granadilla de Abona, Canary Islands	44.3%	1,037	$1,325	$142	High
39	Granada, Andalusia	44.2%	2,999	$1,528	$137	High
40	Santiago del Teide, Canary Islands	44.2%	801	$1,670	$166	High
41	Oviedo, Principado de Asturias	43.1%	792	$1,202	$132	High
42	Santander, Cantabria	43.0%	1,218	$1,132	$157	High
43	Mogán, Canary Islands	42.6%	1,344	$1,604	$172	High
44	Estepona, Andalusia	42.4%	2,284	$1,963	$251	High
45	Santa Pola, Valencian Community	42.3%	1,232	$1,286	$155	High
46	Cádiz, Andalusia	42.0%	1,257	$1,488	$157	High
47	Teulada, Valencian Community	41.7%	680	$1,976	$298	High
48	Altea, Valencian Community	41.6%	823	$1,707	$227	High
49	Benidorm, Valencian Community	41.5%	2,262	$1,545	$179	High
50	Marbella, Andalusia	41.4%	5,191	$2,755	$350	High
51	Torrox, Andalusia	41.3%	806	$1,369	$199	High
52	Salou, Catalonia	41.2%	1,514	$1,229	$170	High
53	Torrevieja, Valencian Community	40.9%	3,247	$866	$122	High
54	Calp, Valencian Community	40.9%	1,990	$1,530	$202	High
55	Palafrugell, Catalonia	40.9%	675	$2,016	$287	High
56	Begur, Catalonia	40.9%	592	$2,325	$356	High
57	Almuñécar, Andalusia	40.5%	1,010	$1,568	$212	High
58	Almeria, Andalusia	40.4%	665	$1,037	$133	High
59	Las Palmas de Gran Canaria, Canary Islands	40.3%	2,378	$1,023	$118	High
60	Lloret de Mar, Catalonia	40.2%	1,156	$1,667	$244	High
61	Xàbia / Jávea, Valencian Community	40.1%	1,562	$1,884	$280	High
62	Murcia, Área Metropolitana de Murcia	40.0%	738	$933	$118	High
63	Roses, Catalonia	40.0%	1,496	$1,298	$183	High
64	Tarifa, Andalusia	39.9%	1,481	$1,449	$199	High
65	Mojácar, Andalusia	39.9%	608	$1,163	$162	High
66	Vélez-Málaga, Andalusia	39.5%	681	$1,346	$181	High
67	Orihuela, Valencian Community	39.3%	1,754	$1,189	$162	High
68	Roquetas de Mar, Andalusia	39.2%	619	$885	$132	High
69	Elx / Elche, Valencian Community	39.2%	550	$1,279	$158	High
70	Gijón, Principado de Asturias	38.8%	1,239	$1,262	$156	High
71	Salamanca, Castile and León	38.6%	647	$1,034	$104	High
72	Cambrils, Catalonia	38.6%	716	$1,173	$202	High
73	Vigo, Galicia	38.6%	1,024	$1,030	$139	High
74	Conil de la Frontera, Andalusia	38.5%	1,680	$1,187	$231	High
75	Cullera, Valencian Community	38.3%	558	$1,257	$175	High
76	Gandia, Valencian Community	38.3%	752	$1,112	$172	High
77	Mont-roig del Camp, Catalonia	38.2%	560	$1,094	$205	High
78	l'Escala, Catalonia	38.2%	827	$1,200	$193	High
79	Dénia, Valencian Community	37.9%	2,155	$1,161	$185	High
80	Castelló d'Empúries, Catalonia	37.9%	1,022	$1,238	$188	High
81	Vera, Andalusia	37.7%	699	$746	$132	High
82	Barbate, Andalusia	37.5%	644	$1,220	$190	High
83	Oliva, Valencian Community	37.4%	583	$1,125	$179	High
84	Chiclana de la Frontera, Andalusia	37.2%	1,264	$1,407	$249	High
85	Córdoba, Andalusia	37.2%	1,844	$1,432	$167	High
86	Peníscola / Peñíscola, Valencian Community	37.1%	797	$995	$157	High
87	Toledo, Castile-La Mancha	37.0%	669	$1,441	$160	High
88	Cartagena, Region of Murcia	36.9%	1,102	$1,130	$162	High
89	Manilva, Andalusia	36.7%	787	$1,137	$180	High
90	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	36.6%	710	$1,214	$218	High
91	Níjar, Andalusia	36.3%	965	$1,139	$162	High
92	Vejer de la Frontera, Andalusia	36.2%	821	$1,010	$164	High
93	El Puerto de Santa María, Andalusia	35.9%	815	$1,467	$240	High
94	Torroella de Montgrí, Catalonia	35.6%	653	$1,123	$184	High
95	Sanxenxo, Galicia	35.1%	795	$775	$173	High
96	San Javier, Campo de Cartagena y Mar Menor	34.7%	749	$883	$146	High
97	Jerez, Andalusia	34.1%	728	$1,114	$147	High
98	Llanes, Asturias	34.0%	849	$995	$177	High
99	Ayamonte, Andalusia	33.5%	555	$812	$164	High
100	Orpesa / Oropesa del Mar, Valencian Community	32.6%	801	$700	$142	High

How to Choose an Airbnb Investment Market in Spain

No single ranking tells the full story. The best Airbnb market for a given investor depends on their capital, risk tolerance, operating model, and income goals. The four ranking dimensions on this page — market depth, revenue, ADR, and occupancy — serve different investor profiles.

If you prioritize predictable cash flow, start with the occupancy rankings. Markets where occupancy exceeds 55% offer consistent bookings and lower vacancy risk. High-occupancy markets may not have the highest nightly rates, but their revenue stability makes them better suited for mortgage-backed investments where monthly debt coverage matters more than peak earnings.

If you're targeting maximum income per property, use the revenue rankings. Revenue is the product of nightly rate and occupancy — it captures the combined effect of both. The highest-revenue Airbnb markets in Spain tend to be destination cities where travelers stay longer and pay a premium for entire-home listings.

If you're evaluating luxury or premium positioning, the ADR rankings show where guests are willing to pay top dollar per night. High-ADR markets reward property upgrades, professional photography, and amenity investments. However, a high nightly rate with low occupancy may generate less income than a moderately priced listing that stays booked consistently.

If you want the deepest market data, the active listings rankings identify cities with the largest short-term rental supply. More listings mean more comparable properties for pricing, more data points for revenue projections, and typically a more liquid resale market if your investment thesis changes.

In all cases, check the regulation column before committing capital. A profitable market with high regulation may require permits, annual caps on rental days, or costly compliance steps that erode returns. Markets with low regulation offer faster time-to-market but may tighten rules as STR supply grows.

Short-Term Rental Regulation in Spain

Understanding the regulatory environment is critical for any Airbnb investment in Spain. Regulation affects licensing costs, annual operating limits, tax obligations, and the long-term viability of a short-term rental strategy.

Across the 100 markets ranked on this page: 0 have a low regulation profile (generally operator-friendly with minimal licensing requirements), 0 have medium regulation (some permit or registration requirements), and 100 have high regulation (strict licensing, annual rental day caps, or active enforcement). Markets with low regulation offer the lowest barrier to entry, while high-regulation markets may still be profitable — but require careful compliance planning and often limit the number of properties a single operator can manage.

AirROI classifies regulation as a market-level signal based on available ordinance data and platform registration patterns. This is not legal advice — always verify current local ordinances, as short-term rental rules can change rapidly, especially in high-growth markets where municipalities are actively responding to STR expansion.

How We Rank the Best Airbnb Investment Markets in Spain

This page ranks Airbnb markets in Spain across four dimensions that matter most to short-term rental investors and operators: market depth (active listings), revenue potential (monthly income per listing), pricing power (average daily rate), and booking demand (occupancy rate). Each ranking uses the same underlying dataset but sorts by a different metric, giving you multiple lenses to evaluate where to invest in Airbnb in Spain.

No single metric tells the full story. A market with high ADR but low occupancy may underperform one with moderate pricing and strong demand. Revenue captures the combined effect of rate and occupancy, while active listings signal whether a market has enough depth for reliable benchmarking and a liquid resale environment. We include regulation data alongside every ranking so you can weigh compliance risk before committing capital.

Ranking Methodology & Data Sources

Active Listings (TTM): The count of active short-term rental listings in each market over the trailing twelve months — a proxy for market maturity, data reliability, and investor confidence in Spain.
Monthly Revenue: Average gross revenue per listing per month — the bottom-line metric for evaluating Airbnb profitability in Spain and projecting cash flow.
Average Daily Rate (ADR): The mean nightly booking price across all active listings — the clearest measure of a market's short-term rental pricing power.
Occupancy Rate: Percentage of available nights booked — the demand signal that determines how much of your nightly rate converts to actual income. Occupancy rankings are filtered to markets with 300+ listings to exclude small markets with unreliable averages.
Regulation: An indicator of the local regulatory climate in Spain, from low (operator-friendly) to high (strict licensing and enforcement) — essential for assessing compliance risk.

All data is sourced from AirROI's proprietary analytics pipeline, which tracks 20,000,000+ properties across 190+ countries. Metrics are recalculated on a rolling basis using trailing twelve-month aggregates from active listings. For full methodology, see the data methodology page.

Frequently Asked Questions About the Best Airbnb Markets in Spain

These quick answers summarize the most common investor and operator questions using AirROI's latest market data for Spain.

What are the best places to invest in Airbnb in Spain?

Madrid, Community of Madrid leads this ranking for Spain with 15,872 active listings — the largest market by depth. Markets are ranked by listing count because deeper markets offer more comparable data, more pricing benchmarks, and a more predictable operating environment for investors. Each row also shows revenue, ADR, occupancy, and regulation so investors can evaluate based on what matters most to them.

Which market has the highest Airbnb revenue in Spain?

Santanyí, Balearic Islands posts the highest average monthly revenue in this ranking at $4,440. Revenue leaders often combine healthy rates, solid occupancy, and enough listing scale to support repeatable operations rather than one-off outliers.

Which market has the strongest Airbnb occupancy in Spain?

l'Hospitalet de Llobregat, Catalonia has the highest occupancy rate in this comparison at 56.3%. High occupancy can signal resilient demand, but investors still need to balance it against nightly rates, regulation, and supply depth before deciding where to buy or operate.

Is short-term rental investing still profitable in Spain in 2026?

The markets ranked here average 42.5% occupancy, and the top performer posts $4,440 in monthly revenue. Profitability depends on property acquisition cost, local operating expenses, and regulation compliance — but the data shows active, performing markets exist across Spain for well-researched investors.

How often are AirROI's top Airbnb market rankings updated?

AirROI updates these rankings using the latest market snapshot available in the dataset, which for this page is anchored to 2026. Rankings should be treated as current market intelligence rather than permanent truths because pricing, demand, regulation, and supply can all shift over time.

What metrics should I use to evaluate Airbnb investments in Spain?

The most important metrics for comparing short-term rental markets are active listing count (market depth and data reliability), occupancy rate (demand consistency), average daily rate (pricing power), monthly revenue (income potential), and regulation level (compliance cost and risk). This ranking sorts by market depth first; use the other columns to filter for the profile that fits your investment strategy.

What makes a good Airbnb market for first-time investors in Spain?

First-time investors in Spain should prioritize markets with high occupancy (55%+) and low regulation, which reduce the risk of empty calendars and compliance surprises. Markets with 200+ active listings also provide better benchmarking data and a more predictable operating environment. Revenue is important, but consistent demand is more forgiving for operators still learning pricing and guest management.

What is a good Airbnb occupancy rate in Spain?

Across the markets ranked here, the average occupancy rate in Spain is 42.5%. Occupancy above 50% is generally considered healthy for short-term rentals, and above 65% signals strong, sustained demand. However, the best occupancy rate depends on pricing strategy — some hosts maximize revenue by targeting fewer bookings at higher nightly rates rather than maximizing booking volume.

How does regulation affect Airbnb investment returns in Spain?

Regulation is one of the most overlooked risks in short-term rental investing. In Spain, 0 of 100 ranked markets have low regulation, 0 have medium, and 100 have high. High-regulation markets often require permits, limit annual rental days, or impose occupancy taxes — all of which reduce net returns. Low-regulation markets offer faster time-to-market and lower compliance costs, but rules can tighten as STR supply grows.

What is the difference between ADR and RevPAR for Airbnb investing?

ADR (Average Daily Rate) is the average nightly price guests pay, while RevPAR (Revenue Per Available Rental night) factors in both price and occupancy. A market with $200 ADR and 50% occupancy has $100 RevPAR — the same as a market with $125 ADR and 80% occupancy. RevPAR is a better single-number benchmark for comparing markets because it captures how effectively nightly rates convert to realized income. AirROI's city-level reports include RevPAR with percentile breakdowns for deeper analysis.

How many Airbnb listings does a market need to be investable in Spain?

Markets with fewer than 100 active listings can show volatile averages that do not predict future performance. The median market in this Spain ranking has about 1,010 listings. Larger markets (500+) offer more reliable data, more comparable properties for pricing, and typically a more liquid exit if you decide to sell. Smaller markets can still be profitable, but investors should treat the data as directional rather than precise.

How do seasonal and year-round Airbnb markets differ in Spain?

Seasonal markets in Spain experience dramatic swings in booking demand — often earning 60-70% of annual revenue in just 3-4 peak months. Year-round markets deliver steadier cash flow with lower peak-to-trough variation. Investors who need predictable monthly income should prioritize high-occupancy markets with low seasonal variance, while those comfortable with cash-flow timing can target seasonal markets where peak rates compensate for off-season softness.

About AirROI Market Data

AirROI tracks over 20 million properties across 190+ countries and maintains 15+ years of historical performance data, making it one of the deepest Airbnb and STR intelligence platforms available. The analytics pipeline aggregates listing-level data monthly — revenue, occupancy, nightly rates, RevPAR, guest demographics, booking patterns, and competitive supply — so investors and operators can benchmark any market against its own history and against neighboring destinations.

Real estate investors, property managers, financial institutions, hospitality consultants, and academic researchers rely on AirROI data to underwrite acquisitions, optimize pricing, model macro trends, and conduct peer-reviewed research. Data is available through in-depth market reports, the data portal for bulk downloads, the Airbnb API with 22 endpoints, and an Airbnb MCP Server for AI agents.

All metrics reflect trailing twelve-month aggregates from active listings as of 2026-04-08. Revenue figures are market averages, not projections. For full methodology, see the data methodology page.

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