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

Source: AirROI Reviewed by Jun Zhou , Founder @ AirROI

Updated: 2026-07-06

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 16,871 active listings and $2,343/month revenue. Across all ranked markets, average occupancy is 42.1% with $1,601/month in average revenue and $202/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 16,871 active short-term rental listings and $2,343/month in average revenue.

#	Market	Active Listings (TTM)	Revenue/mo	ADR	Occupancy	Regulation
1	Madrid, Community of Madrid	16,871	$2,343	$183	50.9%	High
2	Barcelona, Catalonia	11,542	$3,287	$241	51.5%	High
3	Málaga, Andalusia	8,696	$2,152	$187	48.9%	High
4	Seville, Andalusia	7,300	$2,438	$193	48.0%	High
5	Valencia, Valencian Community	7,061	$1,810	$160	47.9%	High
6	Marbella, Andalusia	5,450	$2,587	$361	40.0%	High
7	Alicante, Valencian Community	3,564	$1,462	$151	45.6%	High
8	Torrevieja, Valencian Community	3,319	$846	$128	41.4%	High
9	Granada, Andalusia	3,228	$1,498	$144	42.6%	High
10	Arona, Canary Islands	3,172	$1,696	$158	47.5%	High
11	Benalmádena, Andalusia	2,998	$1,878	$188	48.7%	High
12	Mijas, Andalusia	2,929	$2,147	$255	44.3%	High
13	Adeje, Canary Islands	2,867	$2,477	$233	47.4%	High
14	San Bartolomé de Tirajana, Canary Islands	2,698	$1,864	$197	46.2%	High
15	Las Palmas de Gran Canaria, Canary Islands	2,622	$1,042	$128	41.2%	High
16	Fuengirola, Andalusia	2,426	$1,777	$199	46.4%	High
17	Estepona, Andalusia	2,363	$1,878	$259	42.0%	High
18	Torremolinos, Andalusia	2,345	$1,746	$163	47.1%	High
19	Benidorm, Valencian Community	2,318	$1,510	$184	40.5%	High
20	Nerja, Andalusia	2,186	$1,639	$211	43.5%	High
21	Dénia, Valencian Community	2,163	$1,129	$194	38.6%	High
22	Calp, Valencian Community	2,098	$1,490	$209	40.7%	High
23	Córdoba, Andalusia	2,012	$1,409	$169	36.2%	High
24	La Oliva, Canary Islands	1,926	$1,560	$153	47.7%	High
25	Conil de la Frontera, Andalusia	1,749	$1,153	$237	38.1%	High
26	Orihuela, Valencian Community	1,746	$1,184	$171	39.8%	High
27	Salou, Catalonia	1,579	$1,195	$182	41.4%	High
28	Roses, Catalonia	1,552	$1,218	$185	39.8%	High
29	Tías, Canary Islands	1,536	$2,236	$210	52.7%	High
30	Tarifa, Andalusia	1,527	$1,339	$204	38.3%	High
31	Pollença, Balearic Islands	1,520	$3,685	$461	47.1%	High
32	Xàbia / Jávea, Valencian Community	1,508	$1,845	$296	40.5%	High
33	Yaiza, Canary Islands	1,448	$2,733	$313	48.0%	High
34	Bilbao, Autonomous Community of the Basque Country	1,370	$2,301	$206	45.4%	High
35	San Sebastián, Autonomous Community of the Basque Country	1,354	$3,862	$309	47.4%	High
36	Mogán, Canary Islands	1,343	$1,734	$187	44.3%	High
37	Cádiz, Andalusia	1,293	$1,443	$165	40.7%	High
38	Chiclana de la Frontera, Andalusia	1,287	$1,318	$263	36.5%	High
39	Santander, Cantabria	1,283	$1,064	$162	43.0%	High
40	Gijón, Principado de Asturias	1,264	$1,239	$161	39.2%	High
41	Teguise, Canary Islands	1,258	$1,821	$156	51.4%	High
42	Santa Pola, Valencian Community	1,217	$1,281	$161	42.2%	High
43	Lloret de Mar, Catalonia	1,200	$1,581	$254	39.5%	High
44	Alcúdia, Balearic Islands	1,154	$3,901	$443	46.8%	High
45	Vigo, Galicia	1,084	$1,000	$146	38.4%	High
46	Almuñécar, Andalusia	1,032	$1,507	$221	40.4%	High
47	Castelló d'Empúries, Catalonia	1,017	$1,182	$196	37.9%	High
48	Cartagena, Region of Murcia	1,001	$1,187	$173	37.8%	High
49	Palma, Balearic Islands	988	$3,361	$325	48.4%	High
50	Puerto de la Cruz, Canary Islands	988	$1,266	$121	46.6%	High
51	Granadilla de Abona, Canary Islands	981	$1,424	$151	45.0%	High
52	Ciutadella, Balearic Islands	976	$2,158	$286	47.7%	High
53	Níjar, Andalusia	962	$1,133	$170	36.4%	High
54	Sitges, Catalonia	920	$2,392	$265	44.2%	High
55	l'Hospitalet de Llobregat, Catalonia	884	$2,318	$174	53.5%	High
56	Santa Cruz de Tenerife, Canary Islands	862	$1,344	$136	45.3%	High
57	Altea, Valencian Community	849	$1,646	$232	40.3%	High
58	l'Escala, Catalonia	840	$1,169	$200	38.8%	High
59	El Puerto de Santa María, Andalusia	837	$1,429	$248	34.7%	High
60	Llanes, Asturias	834	$996	$185	35.2%	High
61	Torrox, Andalusia	828	$1,369	$207	40.4%	High
62	Vejer de la Frontera, Andalusia	828	$973	$169	35.6%	High
63	Zaragoza, Aragon	828	$1,391	$134	43.3%	High
64	Santiago del Teide, Canary Islands	813	$1,734	$173	45.4%	High
65	Sanxenxo, Galicia	805	$757	$181	35.5%	High
66	Oviedo, Principado de Asturias	803	$1,214	$143	43.4%	High
67	el Campello, Valencian Community	800	$1,888	$204	46.4%	High
68	Cambrils, Catalonia	783	$1,110	$212	38.7%	High
69	Peníscola / Peñíscola, Valencian Community	782	$987	$164	38.9%	High
70	Pájara, Canary Islands	780	$1,302	$130	45.6%	High
71	Manilva, Andalusia	767	$1,074	$183	36.7%	High
72	Murcia, Área Metropolitana de Murcia	759	$976	$131	40.0%	High
73	Santanyí, Balearic Islands	742	$4,115	$550	47.0%	High
74	Orpesa / Oropesa del Mar, Valencian Community	725	$698	$147	35.3%	High
75	Gandia, Valencian Community	723	$1,084	$180	38.7%	High
76	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	719	$1,162	$222	38.1%	High
77	Vera, Andalusia	715	$718	$134	38.0%	High
78	Toledo, Castile-La Mancha	708	$1,433	$169	35.4%	High
79	Palafrugell, Catalonia	708	$1,891	$291	40.7%	High
80	Almeria, Andalusia	692	$958	$137	40.9%	High
81	Torroella de Montgrí, Catalonia	684	$1,026	$193	36.1%	High
82	Barbate, Andalusia	682	$1,146	$192	37.6%	High
83	Salamanca, Castile and León	681	$1,003	$110	36.9%	High
84	Jerez, Andalusia	675	$1,195	$156	34.3%	High
85	Teulada, Valencian Community	672	$1,953	$314	41.0%	High
86	San Javier, Campo de Cartagena y Mar Menor	671	$920	$154	37.3%	High
87	Vélez-Málaga, Andalusia	670	$1,386	$194	39.2%	High
88	Antigua, Canary Islands	658	$1,440	$151	46.5%	High
89	Girona, Catalonia	647	$2,079	$192	46.9%	High
90	Tarragona, Catalonia	642	$1,168	$152	43.1%	High
91	Roquetas de Mar, Andalusia	639	$874	$140	38.9%	High
92	San Miguel de Abona, Canary Islands	637	$1,923	$185	45.5%	High
93	Mojácar, Andalusia	621	$1,137	$168	39.6%	High
94	Begur, Catalonia	615	$2,169	$370	40.9%	High
95	Ayamonte, Andalusia	611	$791	$170	34.2%	High
96	A Coruña, Galicia	607	$1,080	$143	43.5%	High
97	Oliva, Valencian Community	589	$1,119	$190	38.6%	High
98	Cullera, Valencian Community	567	$1,217	$179	39.1%	High
99	Pamplona, Navarre	565	$1,235	$181	35.1%	High
100	Mont-roig del Camp, Catalonia	551	$1,071	$211	39.9%	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 $4,115/month at $550 ADR and 47.0% 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	$4,115	742	$550	47.0%	High
2	Alcúdia, Balearic Islands	$3,901	1,154	$443	46.8%	High
3	San Sebastián, Autonomous Community of the Basque Country	$3,862	1,354	$309	47.4%	High
4	Pollença, Balearic Islands	$3,685	1,520	$461	47.1%	High
5	Palma, Balearic Islands	$3,361	988	$325	48.4%	High
6	Barcelona, Catalonia	$3,287	11,542	$241	51.5%	High
7	Yaiza, Canary Islands	$2,733	1,448	$313	48.0%	High
8	Marbella, Andalusia	$2,587	5,450	$361	40.0%	High
9	Adeje, Canary Islands	$2,477	2,867	$233	47.4%	High
10	Seville, Andalusia	$2,438	7,300	$193	48.0%	High
11	Sitges, Catalonia	$2,392	920	$265	44.2%	High
12	Madrid, Community of Madrid	$2,343	16,871	$183	50.9%	High
13	l'Hospitalet de Llobregat, Catalonia	$2,318	884	$174	53.5%	High
14	Bilbao, Autonomous Community of the Basque Country	$2,301	1,370	$206	45.4%	High
15	Tías, Canary Islands	$2,236	1,536	$210	52.7%	High
16	Begur, Catalonia	$2,169	615	$370	40.9%	High
17	Ciutadella, Balearic Islands	$2,158	976	$286	47.7%	High
18	Málaga, Andalusia	$2,152	8,696	$187	48.9%	High
19	Mijas, Andalusia	$2,147	2,929	$255	44.3%	High
20	Girona, Catalonia	$2,079	647	$192	46.9%	High
21	Teulada, Valencian Community	$1,953	672	$314	41.0%	High
22	San Miguel de Abona, Canary Islands	$1,923	637	$185	45.5%	High
23	Palafrugell, Catalonia	$1,891	708	$291	40.7%	High
24	el Campello, Valencian Community	$1,888	800	$204	46.4%	High
25	Benalmádena, Andalusia	$1,878	2,998	$188	48.7%	High
26	Estepona, Andalusia	$1,878	2,363	$259	42.0%	High
27	San Bartolomé de Tirajana, Canary Islands	$1,864	2,698	$197	46.2%	High
28	Xàbia / Jávea, Valencian Community	$1,845	1,508	$296	40.5%	High
29	Teguise, Canary Islands	$1,821	1,258	$156	51.4%	High
30	Valencia, Valencian Community	$1,810	7,061	$160	47.9%	High
31	Fuengirola, Andalusia	$1,777	2,426	$199	46.4%	High
32	Torremolinos, Andalusia	$1,746	2,345	$163	47.1%	High
33	Mogán, Canary Islands	$1,734	1,343	$187	44.3%	High
34	Santiago del Teide, Canary Islands	$1,734	813	$173	45.4%	High
35	Arona, Canary Islands	$1,696	3,172	$158	47.5%	High
36	Altea, Valencian Community	$1,646	849	$232	40.3%	High
37	Nerja, Andalusia	$1,639	2,186	$211	43.5%	High
38	Lloret de Mar, Catalonia	$1,581	1,200	$254	39.5%	High
39	La Oliva, Canary Islands	$1,560	1,926	$153	47.7%	High
40	Benidorm, Valencian Community	$1,510	2,318	$184	40.5%	High
41	Almuñécar, Andalusia	$1,507	1,032	$221	40.4%	High
42	Granada, Andalusia	$1,498	3,228	$144	42.6%	High
43	Calp, Valencian Community	$1,490	2,098	$209	40.7%	High
44	Alicante, Valencian Community	$1,462	3,564	$151	45.6%	High
45	Cádiz, Andalusia	$1,443	1,293	$165	40.7%	High
46	Antigua, Canary Islands	$1,440	658	$151	46.5%	High
47	Toledo, Castile-La Mancha	$1,433	708	$169	35.4%	High
48	El Puerto de Santa María, Andalusia	$1,429	837	$248	34.7%	High
49	Granadilla de Abona, Canary Islands	$1,424	981	$151	45.0%	High
50	Córdoba, Andalusia	$1,409	2,012	$169	36.2%	High
51	Zaragoza, Aragon	$1,391	828	$134	43.3%	High
52	Vélez-Málaga, Andalusia	$1,386	670	$194	39.2%	High
53	Torrox, Andalusia	$1,369	828	$207	40.4%	High
54	Santa Cruz de Tenerife, Canary Islands	$1,344	862	$136	45.3%	High
55	Tarifa, Andalusia	$1,339	1,527	$204	38.3%	High
56	Chiclana de la Frontera, Andalusia	$1,318	1,287	$263	36.5%	High
57	Pájara, Canary Islands	$1,302	780	$130	45.6%	High
58	Santa Pola, Valencian Community	$1,281	1,217	$161	42.2%	High
59	Puerto de la Cruz, Canary Islands	$1,266	988	$121	46.6%	High
60	Gijón, Principado de Asturias	$1,239	1,264	$161	39.2%	High
61	Pamplona, Navarre	$1,235	565	$181	35.1%	High
62	Roses, Catalonia	$1,218	1,552	$185	39.8%	High
63	Cullera, Valencian Community	$1,217	567	$179	39.1%	High
64	Oviedo, Principado de Asturias	$1,214	803	$143	43.4%	High
65	Salou, Catalonia	$1,195	1,579	$182	41.4%	High
66	Jerez, Andalusia	$1,195	675	$156	34.3%	High
67	Cartagena, Region of Murcia	$1,187	1,001	$173	37.8%	High
68	Orihuela, Valencian Community	$1,184	1,746	$171	39.8%	High
69	Castelló d'Empúries, Catalonia	$1,182	1,017	$196	37.9%	High
70	l'Escala, Catalonia	$1,169	840	$200	38.8%	High
71	Tarragona, Catalonia	$1,168	642	$152	43.1%	High
72	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	$1,162	719	$222	38.1%	High
73	Conil de la Frontera, Andalusia	$1,153	1,749	$237	38.1%	High
74	Barbate, Andalusia	$1,146	682	$192	37.6%	High
75	Mojácar, Andalusia	$1,137	621	$168	39.6%	High
76	Níjar, Andalusia	$1,133	962	$170	36.4%	High
77	Dénia, Valencian Community	$1,129	2,163	$194	38.6%	High
78	Oliva, Valencian Community	$1,119	589	$190	38.6%	High
79	Cambrils, Catalonia	$1,110	783	$212	38.7%	High
80	Gandia, Valencian Community	$1,084	723	$180	38.7%	High
81	A Coruña, Galicia	$1,080	607	$143	43.5%	High
82	Manilva, Andalusia	$1,074	767	$183	36.7%	High
83	Mont-roig del Camp, Catalonia	$1,071	551	$211	39.9%	High
84	Santander, Cantabria	$1,064	1,283	$162	43.0%	High
85	Las Palmas de Gran Canaria, Canary Islands	$1,042	2,622	$128	41.2%	High
86	Torroella de Montgrí, Catalonia	$1,026	684	$193	36.1%	High
87	Salamanca, Castile and León	$1,003	681	$110	36.9%	High
88	Vigo, Galicia	$1,000	1,084	$146	38.4%	High
89	Llanes, Asturias	$996	834	$185	35.2%	High
90	Peníscola / Peñíscola, Valencian Community	$987	782	$164	38.9%	High
91	Murcia, Área Metropolitana de Murcia	$976	759	$131	40.0%	High
92	Vejer de la Frontera, Andalusia	$973	828	$169	35.6%	High
93	Almeria, Andalusia	$958	692	$137	40.9%	High
94	San Javier, Campo de Cartagena y Mar Menor	$920	671	$154	37.3%	High
95	Roquetas de Mar, Andalusia	$874	639	$140	38.9%	High
96	Torrevieja, Valencian Community	$846	3,319	$128	41.4%	High
97	Ayamonte, Andalusia	$791	611	$170	34.2%	High
98	Sanxenxo, Galicia	$757	805	$181	35.5%	High
99	Vera, Andalusia	$718	715	$134	38.0%	High
100	Orpesa / Oropesa del Mar, Valencian Community	$698	725	$147	35.3%	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 $550/night, generating $4,115/month at 47.0% 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	$550	742	$4,115	47.0%	High
2	Pollença, Balearic Islands	$461	1,520	$3,685	47.1%	High
3	Alcúdia, Balearic Islands	$443	1,154	$3,901	46.8%	High
4	Begur, Catalonia	$370	615	$2,169	40.9%	High
5	Marbella, Andalusia	$361	5,450	$2,587	40.0%	High
6	Palma, Balearic Islands	$325	988	$3,361	48.4%	High
7	Teulada, Valencian Community	$314	672	$1,953	41.0%	High
8	Yaiza, Canary Islands	$313	1,448	$2,733	48.0%	High
9	San Sebastián, Autonomous Community of the Basque Country	$309	1,354	$3,862	47.4%	High
10	Xàbia / Jávea, Valencian Community	$296	1,508	$1,845	40.5%	High
11	Palafrugell, Catalonia	$291	708	$1,891	40.7%	High
12	Ciutadella, Balearic Islands	$286	976	$2,158	47.7%	High
13	Sitges, Catalonia	$265	920	$2,392	44.2%	High
14	Chiclana de la Frontera, Andalusia	$263	1,287	$1,318	36.5%	High
15	Estepona, Andalusia	$259	2,363	$1,878	42.0%	High
16	Mijas, Andalusia	$255	2,929	$2,147	44.3%	High
17	Lloret de Mar, Catalonia	$254	1,200	$1,581	39.5%	High
18	El Puerto de Santa María, Andalusia	$248	837	$1,429	34.7%	High
19	Barcelona, Catalonia	$241	11,542	$3,287	51.5%	High
20	Conil de la Frontera, Andalusia	$237	1,749	$1,153	38.1%	High
21	Adeje, Canary Islands	$233	2,867	$2,477	47.4%	High
22	Altea, Valencian Community	$232	849	$1,646	40.3%	High
23	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	$222	719	$1,162	38.1%	High
24	Almuñécar, Andalusia	$221	1,032	$1,507	40.4%	High
25	Cambrils, Catalonia	$212	783	$1,110	38.7%	High
26	Mont-roig del Camp, Catalonia	$211	551	$1,071	39.9%	High
27	Nerja, Andalusia	$211	2,186	$1,639	43.5%	High
28	Tías, Canary Islands	$210	1,536	$2,236	52.7%	High
29	Calp, Valencian Community	$209	2,098	$1,490	40.7%	High
30	Torrox, Andalusia	$207	828	$1,369	40.4%	High
31	Bilbao, Autonomous Community of the Basque Country	$206	1,370	$2,301	45.4%	High
32	Tarifa, Andalusia	$204	1,527	$1,339	38.3%	High
33	el Campello, Valencian Community	$204	800	$1,888	46.4%	High
34	l'Escala, Catalonia	$200	840	$1,169	38.8%	High
35	Fuengirola, Andalusia	$199	2,426	$1,777	46.4%	High
36	San Bartolomé de Tirajana, Canary Islands	$197	2,698	$1,864	46.2%	High
37	Castelló d'Empúries, Catalonia	$196	1,017	$1,182	37.9%	High
38	Vélez-Málaga, Andalusia	$194	670	$1,386	39.2%	High
39	Dénia, Valencian Community	$194	2,163	$1,129	38.6%	High
40	Seville, Andalusia	$193	7,300	$2,438	48.0%	High
41	Torroella de Montgrí, Catalonia	$193	684	$1,026	36.1%	High
42	Girona, Catalonia	$192	647	$2,079	46.9%	High
43	Barbate, Andalusia	$192	682	$1,146	37.6%	High
44	Oliva, Valencian Community	$190	589	$1,119	38.6%	High
45	Benalmádena, Andalusia	$188	2,998	$1,878	48.7%	High
46	Mogán, Canary Islands	$187	1,343	$1,734	44.3%	High
47	Málaga, Andalusia	$187	8,696	$2,152	48.9%	High
48	Roses, Catalonia	$185	1,552	$1,218	39.8%	High
49	Llanes, Asturias	$185	834	$996	35.2%	High
50	San Miguel de Abona, Canary Islands	$185	637	$1,923	45.5%	High
51	Benidorm, Valencian Community	$184	2,318	$1,510	40.5%	High
52	Madrid, Community of Madrid	$183	16,871	$2,343	50.9%	High
53	Manilva, Andalusia	$183	767	$1,074	36.7%	High
54	Salou, Catalonia	$182	1,579	$1,195	41.4%	High
55	Sanxenxo, Galicia	$181	805	$757	35.5%	High
56	Pamplona, Navarre	$181	565	$1,235	35.1%	High
57	Gandia, Valencian Community	$180	723	$1,084	38.7%	High
58	Cullera, Valencian Community	$179	567	$1,217	39.1%	High
59	l'Hospitalet de Llobregat, Catalonia	$174	884	$2,318	53.5%	High
60	Cartagena, Region of Murcia	$173	1,001	$1,187	37.8%	High
61	Santiago del Teide, Canary Islands	$173	813	$1,734	45.4%	High
62	Orihuela, Valencian Community	$171	1,746	$1,184	39.8%	High
63	Ayamonte, Andalusia	$170	611	$791	34.2%	High
64	Níjar, Andalusia	$170	962	$1,133	36.4%	High
65	Toledo, Castile-La Mancha	$169	708	$1,433	35.4%	High
66	Córdoba, Andalusia	$169	2,012	$1,409	36.2%	High
67	Vejer de la Frontera, Andalusia	$169	828	$973	35.6%	High
68	Mojácar, Andalusia	$168	621	$1,137	39.6%	High
69	Cádiz, Andalusia	$165	1,293	$1,443	40.7%	High
70	Peníscola / Peñíscola, Valencian Community	$164	782	$987	38.9%	High
71	Torremolinos, Andalusia	$163	2,345	$1,746	47.1%	High
72	Santander, Cantabria	$162	1,283	$1,064	43.0%	High
73	Gijón, Principado de Asturias	$161	1,264	$1,239	39.2%	High
74	Santa Pola, Valencian Community	$161	1,217	$1,281	42.2%	High
75	Valencia, Valencian Community	$160	7,061	$1,810	47.9%	High
76	Arona, Canary Islands	$158	3,172	$1,696	47.5%	High
77	Jerez, Andalusia	$156	675	$1,195	34.3%	High
78	Teguise, Canary Islands	$156	1,258	$1,821	51.4%	High
79	San Javier, Campo de Cartagena y Mar Menor	$154	671	$920	37.3%	High
80	La Oliva, Canary Islands	$153	1,926	$1,560	47.7%	High
81	Tarragona, Catalonia	$152	642	$1,168	43.1%	High
82	Antigua, Canary Islands	$151	658	$1,440	46.5%	High
83	Granadilla de Abona, Canary Islands	$151	981	$1,424	45.0%	High
84	Alicante, Valencian Community	$151	3,564	$1,462	45.6%	High
85	Orpesa / Oropesa del Mar, Valencian Community	$147	725	$698	35.3%	High
86	Vigo, Galicia	$146	1,084	$1,000	38.4%	High
87	Granada, Andalusia	$144	3,228	$1,498	42.6%	High
88	A Coruña, Galicia	$143	607	$1,080	43.5%	High
89	Oviedo, Principado de Asturias	$143	803	$1,214	43.4%	High
90	Roquetas de Mar, Andalusia	$140	639	$874	38.9%	High
91	Almeria, Andalusia	$137	692	$958	40.9%	High
92	Santa Cruz de Tenerife, Canary Islands	$136	862	$1,344	45.3%	High
93	Vera, Andalusia	$134	715	$718	38.0%	High
94	Zaragoza, Aragon	$134	828	$1,391	43.3%	High
95	Murcia, Área Metropolitana de Murcia	$131	759	$976	40.0%	High
96	Pájara, Canary Islands	$130	780	$1,302	45.6%	High
97	Torrevieja, Valencian Community	$128	3,319	$846	41.4%	High
98	Las Palmas de Gran Canaria, Canary Islands	$128	2,622	$1,042	41.2%	High
99	Puerto de la Cruz, Canary Islands	$121	988	$1,266	46.6%	High
100	Salamanca, Castile and León	$110	681	$1,003	36.9%	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 53.5% occupancy, $2,318/month revenue, and 884 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	53.5%	884	$2,318	$174	High
2	Tías, Canary Islands	52.7%	1,536	$2,236	$210	High
3	Barcelona, Catalonia	51.5%	11,542	$3,287	$241	High
4	Teguise, Canary Islands	51.4%	1,258	$1,821	$156	High
5	Madrid, Community of Madrid	50.9%	16,871	$2,343	$183	High
6	Málaga, Andalusia	48.9%	8,696	$2,152	$187	High
7	Benalmádena, Andalusia	48.7%	2,998	$1,878	$188	High
8	Palma, Balearic Islands	48.4%	988	$3,361	$325	High
9	Yaiza, Canary Islands	48.0%	1,448	$2,733	$313	High
10	Seville, Andalusia	48.0%	7,300	$2,438	$193	High
11	Valencia, Valencian Community	47.9%	7,061	$1,810	$160	High
12	Ciutadella, Balearic Islands	47.7%	976	$2,158	$286	High
13	La Oliva, Canary Islands	47.7%	1,926	$1,560	$153	High
14	Arona, Canary Islands	47.5%	3,172	$1,696	$158	High
15	San Sebastián, Autonomous Community of the Basque Country	47.4%	1,354	$3,862	$309	High
16	Adeje, Canary Islands	47.4%	2,867	$2,477	$233	High
17	Torremolinos, Andalusia	47.1%	2,345	$1,746	$163	High
18	Pollença, Balearic Islands	47.1%	1,520	$3,685	$461	High
19	Santanyí, Balearic Islands	47.0%	742	$4,115	$550	High
20	Girona, Catalonia	46.9%	647	$2,079	$192	High
21	Alcúdia, Balearic Islands	46.8%	1,154	$3,901	$443	High
22	Puerto de la Cruz, Canary Islands	46.6%	988	$1,266	$121	High
23	Antigua, Canary Islands	46.5%	658	$1,440	$151	High
24	el Campello, Valencian Community	46.4%	800	$1,888	$204	High
25	Fuengirola, Andalusia	46.4%	2,426	$1,777	$199	High
26	San Bartolomé de Tirajana, Canary Islands	46.2%	2,698	$1,864	$197	High
27	Pájara, Canary Islands	45.6%	780	$1,302	$130	High
28	Alicante, Valencian Community	45.6%	3,564	$1,462	$151	High
29	San Miguel de Abona, Canary Islands	45.5%	637	$1,923	$185	High
30	Santiago del Teide, Canary Islands	45.4%	813	$1,734	$173	High
31	Bilbao, Autonomous Community of the Basque Country	45.4%	1,370	$2,301	$206	High
32	Santa Cruz de Tenerife, Canary Islands	45.3%	862	$1,344	$136	High
33	Granadilla de Abona, Canary Islands	45.0%	981	$1,424	$151	High
34	Mogán, Canary Islands	44.3%	1,343	$1,734	$187	High
35	Mijas, Andalusia	44.3%	2,929	$2,147	$255	High
36	Sitges, Catalonia	44.2%	920	$2,392	$265	High
37	Nerja, Andalusia	43.5%	2,186	$1,639	$211	High
38	A Coruña, Galicia	43.5%	607	$1,080	$143	High
39	Oviedo, Principado de Asturias	43.4%	803	$1,214	$143	High
40	Zaragoza, Aragon	43.3%	828	$1,391	$134	High
41	Tarragona, Catalonia	43.1%	642	$1,168	$152	High
42	Santander, Cantabria	43.0%	1,283	$1,064	$162	High
43	Granada, Andalusia	42.6%	3,228	$1,498	$144	High
44	Santa Pola, Valencian Community	42.2%	1,217	$1,281	$161	High
45	Estepona, Andalusia	42.0%	2,363	$1,878	$259	High
46	Torrevieja, Valencian Community	41.4%	3,319	$846	$128	High
47	Salou, Catalonia	41.4%	1,579	$1,195	$182	High
48	Las Palmas de Gran Canaria, Canary Islands	41.2%	2,622	$1,042	$128	High
49	Teulada, Valencian Community	41.0%	672	$1,953	$314	High
50	Almeria, Andalusia	40.9%	692	$958	$137	High
51	Begur, Catalonia	40.9%	615	$2,169	$370	High
52	Cádiz, Andalusia	40.7%	1,293	$1,443	$165	High
53	Calp, Valencian Community	40.7%	2,098	$1,490	$209	High
54	Palafrugell, Catalonia	40.7%	708	$1,891	$291	High
55	Xàbia / Jávea, Valencian Community	40.5%	1,508	$1,845	$296	High
56	Benidorm, Valencian Community	40.5%	2,318	$1,510	$184	High
57	Almuñécar, Andalusia	40.4%	1,032	$1,507	$221	High
58	Torrox, Andalusia	40.4%	828	$1,369	$207	High
59	Altea, Valencian Community	40.3%	849	$1,646	$232	High
60	Marbella, Andalusia	40.0%	5,450	$2,587	$361	High
61	Murcia, Área Metropolitana de Murcia	40.0%	759	$976	$131	High
62	Mont-roig del Camp, Catalonia	39.9%	551	$1,071	$211	High
63	Roses, Catalonia	39.8%	1,552	$1,218	$185	High
64	Orihuela, Valencian Community	39.8%	1,746	$1,184	$171	High
65	Mojácar, Andalusia	39.6%	621	$1,137	$168	High
66	Lloret de Mar, Catalonia	39.5%	1,200	$1,581	$254	High
67	Gijón, Principado de Asturias	39.2%	1,264	$1,239	$161	High
68	Vélez-Málaga, Andalusia	39.2%	670	$1,386	$194	High
69	Cullera, Valencian Community	39.1%	567	$1,217	$179	High
70	Peníscola / Peñíscola, Valencian Community	38.9%	782	$987	$164	High
71	Roquetas de Mar, Andalusia	38.9%	639	$874	$140	High
72	l'Escala, Catalonia	38.8%	840	$1,169	$200	High
73	Cambrils, Catalonia	38.7%	783	$1,110	$212	High
74	Gandia, Valencian Community	38.7%	723	$1,084	$180	High
75	Dénia, Valencian Community	38.6%	2,163	$1,129	$194	High
76	Oliva, Valencian Community	38.6%	589	$1,119	$190	High
77	Vigo, Galicia	38.4%	1,084	$1,000	$146	High
78	Tarifa, Andalusia	38.3%	1,527	$1,339	$204	High
79	Conil de la Frontera, Andalusia	38.1%	1,749	$1,153	$237	High
80	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	38.1%	719	$1,162	$222	High
81	Vera, Andalusia	38.0%	715	$718	$134	High
82	Castelló d'Empúries, Catalonia	37.9%	1,017	$1,182	$196	High
83	Cartagena, Region of Murcia	37.8%	1,001	$1,187	$173	High
84	Barbate, Andalusia	37.6%	682	$1,146	$192	High
85	San Javier, Campo de Cartagena y Mar Menor	37.3%	671	$920	$154	High
86	Salamanca, Castile and León	36.9%	681	$1,003	$110	High
87	Manilva, Andalusia	36.7%	767	$1,074	$183	High
88	Chiclana de la Frontera, Andalusia	36.5%	1,287	$1,318	$263	High
89	Níjar, Andalusia	36.4%	962	$1,133	$170	High
90	Córdoba, Andalusia	36.2%	2,012	$1,409	$169	High
91	Torroella de Montgrí, Catalonia	36.1%	684	$1,026	$193	High
92	Vejer de la Frontera, Andalusia	35.6%	828	$973	$169	High
93	Sanxenxo, Galicia	35.5%	805	$757	$181	High
94	Toledo, Castile-La Mancha	35.4%	708	$1,433	$169	High
95	Orpesa / Oropesa del Mar, Valencian Community	35.3%	725	$698	$147	High
96	Llanes, Asturias	35.2%	834	$996	$185	High
97	Pamplona, Navarre	35.1%	565	$1,235	$181	High
98	El Puerto de Santa María, Andalusia	34.7%	837	$1,429	$248	High
99	Jerez, Andalusia	34.3%	675	$1,195	$156	High
100	Ayamonte, Andalusia	34.2%	611	$791	$170	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 16,871 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 $4,115. 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 53.5%. 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 42.1% occupancy, and the top performer posts $4,115 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 42.1%. 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 988 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 2026-07-06. Revenue figures are market averages, not projections. For full methodology, see the data methodology page.

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