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

Source: AirROI Reviewed by Jun Zhou , Founder @ AirROI

Updated: 2026-08-08

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 16,423 active listings and $2,322/month revenue. Across all ranked markets, average occupancy is 39.7% with $1,499/month in average revenue and $204/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 16,423 active short-term rental listings and $2,322/month in average revenue.

#	Market	Active Listings (TTM)	Revenue/mo	ADR	Occupancy	Regulation
1	Madrid, Community of Madrid	16,423	$2,322	$183	50.1%	High
2	Barcelona, Catalonia	11,251	$3,227	$244	50.2%	High
3	Málaga, Andalusia	8,649	$2,057	$189	47.0%	High
4	Seville, Andalusia	7,247	$2,414	$193	47.4%	High
5	Valencia, Valencian Community	6,931	$1,783	$162	46.7%	High
6	Marbella, Andalusia	5,413	$2,369	$362	37.7%	High
7	Alicante, Valencian Community	3,522	$1,399	$153	43.8%	High
8	Torrevieja, Valencian Community	3,241	$769	$127	38.3%	High
9	Granada, Andalusia	3,202	$1,471	$143	42.0%	High
10	Arona, Canary Islands	3,148	$1,634	$157	46.4%	High
11	Benalmádena, Andalusia	2,993	$1,736	$189	46.2%	High
12	Mijas, Andalusia	2,895	$1,958	$255	41.4%	High
13	Adeje, Canary Islands	2,821	$2,409	$234	46.2%	High
14	San Bartolomé de Tirajana, Canary Islands	2,693	$1,828	$198	45.4%	High
15	Las Palmas de Gran Canaria, Canary Islands	2,614	$1,028	$127	40.9%	High
16	Fuengirola, Andalusia	2,425	$1,653	$201	43.9%	High
17	Estepona, Andalusia	2,363	$1,719	$259	39.5%	High
18	Torremolinos, Andalusia	2,350	$1,632	$165	45.1%	High
19	Benidorm, Valencian Community	2,292	$1,405	$187	38.3%	High
20	Nerja, Andalusia	2,210	$1,506	$212	40.5%	High
21	Dénia, Valencian Community	2,125	$1,012	$194	35.3%	High
22	Calp, Valencian Community	2,074	$1,383	$211	38.1%	High
23	Córdoba, Andalusia	1,984	$1,398	$170	35.9%	High
24	La Oliva, Canary Islands	1,911	$1,484	$153	45.8%	High
25	Conil de la Frontera, Andalusia	1,750	$1,032	$244	34.2%	High
26	Orihuela, Valencian Community	1,734	$1,068	$171	36.8%	High
27	Salou, Catalonia	1,580	$1,053	$184	36.9%	High
28	Roses, Catalonia	1,552	$1,044	$182	35.4%	High
29	Tías, Canary Islands	1,538	$2,181	$216	50.9%	High
30	Pollença, Balearic Islands	1,512	$3,387	$462	44.0%	High
31	Tarifa, Andalusia	1,504	$1,221	$201	35.9%	High
32	Xàbia / Jávea, Valencian Community	1,494	$1,648	$298	36.6%	High
33	Yaiza, Canary Islands	1,440	$2,616	$314	46.0%	High
34	Mogán, Canary Islands	1,366	$1,657	$187	43.3%	High
35	Bilbao, Autonomous Community of the Basque Country	1,358	$2,251	$207	44.4%	High
36	San Sebastián, Autonomous Community of the Basque Country	1,323	$3,653	$314	45.1%	High
37	Cádiz, Andalusia	1,288	$1,341	$165	38.5%	High
38	Chiclana de la Frontera, Andalusia	1,257	$1,186	$266	32.7%	High
39	Santander, Cantabria	1,243	$999	$163	40.6%	High
40	Gijón, Principado de Asturias	1,240	$1,151	$162	36.9%	High
41	Teguise, Canary Islands	1,235	$1,743	$157	49.7%	High
42	Lloret de Mar, Catalonia	1,200	$1,431	$256	36.1%	High
43	Santa Pola, Valencian Community	1,193	$1,178	$161	39.3%	High
44	Alcúdia, Balearic Islands	1,151	$3,560	$448	43.4%	High
45	Vigo, Galicia	1,056	$962	$147	37.2%	High
46	Almuñécar, Andalusia	1,031	$1,396	$225	37.8%	High
47	Castelló d'Empúries, Catalonia	999	$1,040	$197	34.4%	High
48	Puerto de la Cruz, Canary Islands	985	$1,227	$120	46.1%	High
49	Ciutadella, Balearic Islands	965	$1,945	$289	43.7%	High
50	Palma, Balearic Islands	960	$3,245	$330	46.1%	High
51	Níjar, Andalusia	959	$990	$171	32.6%	High
52	Granadilla de Abona, Canary Islands	958	$1,392	$151	44.4%	High
53	Cartagena, Region of Murcia	952	$1,137	$174	36.4%	High
54	Sitges, Catalonia	906	$2,308	$268	42.1%	High
55	l'Hospitalet de Llobregat, Catalonia	853	$2,300	$174	52.4%	High
56	Santa Cruz de Tenerife, Canary Islands	849	$1,323	$136	44.2%	High
57	Altea, Valencian Community	843	$1,528	$234	38.2%	High
58	l'Escala, Catalonia	835	$1,026	$200	35.2%	High
59	El Puerto de Santa María, Andalusia	834	$1,292	$249	31.7%	High
60	Torrox, Andalusia	825	$1,270	$204	37.7%	High
61	Vejer de la Frontera, Andalusia	824	$883	$173	33.2%	High
62	Llanes, Asturias	820	$869	$187	31.5%	High
63	Santiago del Teide, Canary Islands	818	$1,666	$176	44.2%	High
64	Zaragoza, Aragon	816	$1,380	$137	42.2%	High
65	Oviedo, Principado de Asturias	787	$1,169	$145	42.1%	High
66	Cambrils, Catalonia	786	$977	$211	34.9%	High
67	Sanxenxo, Galicia	782	$689	$182	32.9%	High
68	el Campello, Valencian Community	779	$1,748	$205	43.4%	High
69	Peníscola / Peñíscola, Valencian Community	774	$852	$166	34.9%	High
70	Pájara, Canary Islands	762	$1,271	$130	44.4%	High
71	Manilva, Andalusia	756	$969	$183	33.5%	High
72	Santanyí, Balearic Islands	740	$3,769	$549	44.3%	High
73	Murcia, Área Metropolitana de Murcia	724	$958	$132	39.1%	High
74	Toledo, Castile-La Mancha	705	$1,420	$169	34.9%	High
75	Palafrugell, Catalonia	705	$1,716	$292	37.1%	High
76	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	702	$1,005	$222	33.9%	High
77	Vera, Andalusia	700	$638	$129	35.2%	High
78	Torroella de Montgrí, Catalonia	698	$887	$193	32.7%	High
79	Gandia, Valencian Community	694	$945	$179	35.2%	High
80	Barbate, Andalusia	685	$996	$189	34.8%	High
81	Orpesa / Oropesa del Mar, Valencian Community	685	$607	$146	32.0%	High
82	Almeria, Andalusia	681	$894	$137	38.5%	High
83	Salamanca, Castile and León	667	$985	$110	36.1%	High
84	Vélez-Málaga, Andalusia	665	$1,261	$194	36.5%	High
85	Teulada, Valencian Community	665	$1,826	$311	38.4%	High
86	Jerez, Andalusia	654	$1,177	$159	33.1%	High
87	Girona, Catalonia	654	$1,999	$193	45.5%	High
88	Antigua, Canary Islands	650	$1,407	$153	45.4%	High
89	Roquetas de Mar, Andalusia	642	$789	$140	35.9%	High
90	Tarragona, Catalonia	629	$1,098	$153	40.8%	High
91	San Miguel de Abona, Canary Islands	628	$1,854	$183	44.6%	High
92	Ayamonte, Andalusia	625	$682	$174	30.4%	High
93	Mojácar, Andalusia	623	$1,021	$169	36.4%	High
94	San Javier, Campo de Cartagena y Mar Menor	621	$850	$155	34.0%	High
95	Begur, Catalonia	615	$1,938	$373	36.9%	High
96	A Coruña, Galicia	594	$1,019	$145	41.2%	High
97	Oliva, Valencian Community	579	$982	$192	34.6%	High
98	Cullera, Valencian Community	552	$1,118	$180	36.1%	High
99	Mont-roig del Camp, Catalonia	551	$928	$211	36.3%	High
100	Monachil, Andalusia	546	$1,290	$293	31.3%	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 $3,769/month at $549 ADR and 44.3% 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	$3,769	740	$549	44.3%	High
2	San Sebastián, Autonomous Community of the Basque Country	$3,653	1,323	$314	45.1%	High
3	Alcúdia, Balearic Islands	$3,560	1,151	$448	43.4%	High
4	Pollença, Balearic Islands	$3,387	1,512	$462	44.0%	High
5	Palma, Balearic Islands	$3,245	960	$330	46.1%	High
6	Barcelona, Catalonia	$3,227	11,251	$244	50.2%	High
7	Yaiza, Canary Islands	$2,616	1,440	$314	46.0%	High
8	Seville, Andalusia	$2,414	7,247	$193	47.4%	High
9	Adeje, Canary Islands	$2,409	2,821	$234	46.2%	High
10	Marbella, Andalusia	$2,369	5,413	$362	37.7%	High
11	Madrid, Community of Madrid	$2,322	16,423	$183	50.1%	High
12	Sitges, Catalonia	$2,308	906	$268	42.1%	High
13	l'Hospitalet de Llobregat, Catalonia	$2,300	853	$174	52.4%	High
14	Bilbao, Autonomous Community of the Basque Country	$2,251	1,358	$207	44.4%	High
15	Tías, Canary Islands	$2,181	1,538	$216	50.9%	High
16	Málaga, Andalusia	$2,057	8,649	$189	47.0%	High
17	Girona, Catalonia	$1,999	654	$193	45.5%	High
18	Mijas, Andalusia	$1,958	2,895	$255	41.4%	High
19	Ciutadella, Balearic Islands	$1,945	965	$289	43.7%	High
20	Begur, Catalonia	$1,938	615	$373	36.9%	High
21	San Miguel de Abona, Canary Islands	$1,854	628	$183	44.6%	High
22	San Bartolomé de Tirajana, Canary Islands	$1,828	2,693	$198	45.4%	High
23	Teulada, Valencian Community	$1,826	665	$311	38.4%	High
24	Valencia, Valencian Community	$1,783	6,931	$162	46.7%	High
25	el Campello, Valencian Community	$1,748	779	$205	43.4%	High
26	Teguise, Canary Islands	$1,743	1,235	$157	49.7%	High
27	Benalmádena, Andalusia	$1,736	2,993	$189	46.2%	High
28	Estepona, Andalusia	$1,719	2,363	$259	39.5%	High
29	Palafrugell, Catalonia	$1,716	705	$292	37.1%	High
30	Santiago del Teide, Canary Islands	$1,666	818	$176	44.2%	High
31	Mogán, Canary Islands	$1,657	1,366	$187	43.3%	High
32	Fuengirola, Andalusia	$1,653	2,425	$201	43.9%	High
33	Xàbia / Jávea, Valencian Community	$1,648	1,494	$298	36.6%	High
34	Arona, Canary Islands	$1,634	3,148	$157	46.4%	High
35	Torremolinos, Andalusia	$1,632	2,350	$165	45.1%	High
36	Altea, Valencian Community	$1,528	843	$234	38.2%	High
37	Nerja, Andalusia	$1,506	2,210	$212	40.5%	High
38	La Oliva, Canary Islands	$1,484	1,911	$153	45.8%	High
39	Granada, Andalusia	$1,471	3,202	$143	42.0%	High
40	Lloret de Mar, Catalonia	$1,431	1,200	$256	36.1%	High
41	Toledo, Castile-La Mancha	$1,420	705	$169	34.9%	High
42	Antigua, Canary Islands	$1,407	650	$153	45.4%	High
43	Benidorm, Valencian Community	$1,405	2,292	$187	38.3%	High
44	Alicante, Valencian Community	$1,399	3,522	$153	43.8%	High
45	Córdoba, Andalusia	$1,398	1,984	$170	35.9%	High
46	Almuñécar, Andalusia	$1,396	1,031	$225	37.8%	High
47	Granadilla de Abona, Canary Islands	$1,392	958	$151	44.4%	High
48	Calp, Valencian Community	$1,383	2,074	$211	38.1%	High
49	Zaragoza, Aragon	$1,380	816	$137	42.2%	High
50	Cádiz, Andalusia	$1,341	1,288	$165	38.5%	High
51	Santa Cruz de Tenerife, Canary Islands	$1,323	849	$136	44.2%	High
52	El Puerto de Santa María, Andalusia	$1,292	834	$249	31.7%	High
53	Monachil, Andalusia	$1,290	546	$293	31.3%	High
54	Pájara, Canary Islands	$1,271	762	$130	44.4%	High
55	Torrox, Andalusia	$1,270	825	$204	37.7%	High
56	Vélez-Málaga, Andalusia	$1,261	665	$194	36.5%	High
57	Puerto de la Cruz, Canary Islands	$1,227	985	$120	46.1%	High
58	Tarifa, Andalusia	$1,221	1,504	$201	35.9%	High
59	Chiclana de la Frontera, Andalusia	$1,186	1,257	$266	32.7%	High
60	Santa Pola, Valencian Community	$1,178	1,193	$161	39.3%	High
61	Jerez, Andalusia	$1,177	654	$159	33.1%	High
62	Oviedo, Principado de Asturias	$1,169	787	$145	42.1%	High
63	Gijón, Principado de Asturias	$1,151	1,240	$162	36.9%	High
64	Cartagena, Region of Murcia	$1,137	952	$174	36.4%	High
65	Cullera, Valencian Community	$1,118	552	$180	36.1%	High
66	Tarragona, Catalonia	$1,098	629	$153	40.8%	High
67	Orihuela, Valencian Community	$1,068	1,734	$171	36.8%	High
68	Salou, Catalonia	$1,053	1,580	$184	36.9%	High
69	Roses, Catalonia	$1,044	1,552	$182	35.4%	High
70	Castelló d'Empúries, Catalonia	$1,040	999	$197	34.4%	High
71	Conil de la Frontera, Andalusia	$1,032	1,750	$244	34.2%	High
72	Las Palmas de Gran Canaria, Canary Islands	$1,028	2,614	$127	40.9%	High
73	l'Escala, Catalonia	$1,026	835	$200	35.2%	High
74	Mojácar, Andalusia	$1,021	623	$169	36.4%	High
75	A Coruña, Galicia	$1,019	594	$145	41.2%	High
76	Dénia, Valencian Community	$1,012	2,125	$194	35.3%	High
77	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	$1,005	702	$222	33.9%	High
78	Santander, Cantabria	$999	1,243	$163	40.6%	High
79	Barbate, Andalusia	$996	685	$189	34.8%	High
80	Níjar, Andalusia	$990	959	$171	32.6%	High
81	Salamanca, Castile and León	$985	667	$110	36.1%	High
82	Oliva, Valencian Community	$982	579	$192	34.6%	High
83	Cambrils, Catalonia	$977	786	$211	34.9%	High
84	Manilva, Andalusia	$969	756	$183	33.5%	High
85	Vigo, Galicia	$962	1,056	$147	37.2%	High
86	Murcia, Área Metropolitana de Murcia	$958	724	$132	39.1%	High
87	Gandia, Valencian Community	$945	694	$179	35.2%	High
88	Mont-roig del Camp, Catalonia	$928	551	$211	36.3%	High
89	Almeria, Andalusia	$894	681	$137	38.5%	High
90	Torroella de Montgrí, Catalonia	$887	698	$193	32.7%	High
91	Vejer de la Frontera, Andalusia	$883	824	$173	33.2%	High
92	Llanes, Asturias	$869	820	$187	31.5%	High
93	Peníscola / Peñíscola, Valencian Community	$852	774	$166	34.9%	High
94	San Javier, Campo de Cartagena y Mar Menor	$850	621	$155	34.0%	High
95	Roquetas de Mar, Andalusia	$789	642	$140	35.9%	High
96	Torrevieja, Valencian Community	$769	3,241	$127	38.3%	High
97	Sanxenxo, Galicia	$689	782	$182	32.9%	High
98	Ayamonte, Andalusia	$682	625	$174	30.4%	High
99	Vera, Andalusia	$638	700	$129	35.2%	High
100	Orpesa / Oropesa del Mar, Valencian Community	$607	685	$146	32.0%	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 $549/night, generating $3,769/month at 44.3% 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	$549	740	$3,769	44.3%	High
2	Pollença, Balearic Islands	$462	1,512	$3,387	44.0%	High
3	Alcúdia, Balearic Islands	$448	1,151	$3,560	43.4%	High
4	Begur, Catalonia	$373	615	$1,938	36.9%	High
5	Marbella, Andalusia	$362	5,413	$2,369	37.7%	High
6	Palma, Balearic Islands	$330	960	$3,245	46.1%	High
7	San Sebastián, Autonomous Community of the Basque Country	$314	1,323	$3,653	45.1%	High
8	Yaiza, Canary Islands	$314	1,440	$2,616	46.0%	High
9	Teulada, Valencian Community	$311	665	$1,826	38.4%	High
10	Xàbia / Jávea, Valencian Community	$298	1,494	$1,648	36.6%	High
11	Monachil, Andalusia	$293	546	$1,290	31.3%	High
12	Palafrugell, Catalonia	$292	705	$1,716	37.1%	High
13	Ciutadella, Balearic Islands	$289	965	$1,945	43.7%	High
14	Sitges, Catalonia	$268	906	$2,308	42.1%	High
15	Chiclana de la Frontera, Andalusia	$266	1,257	$1,186	32.7%	High
16	Estepona, Andalusia	$259	2,363	$1,719	39.5%	High
17	Lloret de Mar, Catalonia	$256	1,200	$1,431	36.1%	High
18	Mijas, Andalusia	$255	2,895	$1,958	41.4%	High
19	El Puerto de Santa María, Andalusia	$249	834	$1,292	31.7%	High
20	Conil de la Frontera, Andalusia	$244	1,750	$1,032	34.2%	High
21	Barcelona, Catalonia	$244	11,251	$3,227	50.2%	High
22	Altea, Valencian Community	$234	843	$1,528	38.2%	High
23	Adeje, Canary Islands	$234	2,821	$2,409	46.2%	High
24	Almuñécar, Andalusia	$225	1,031	$1,396	37.8%	High
25	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	$222	702	$1,005	33.9%	High
26	Tías, Canary Islands	$216	1,538	$2,181	50.9%	High
27	Nerja, Andalusia	$212	2,210	$1,506	40.5%	High
28	Mont-roig del Camp, Catalonia	$211	551	$928	36.3%	High
29	Calp, Valencian Community	$211	2,074	$1,383	38.1%	High
30	Cambrils, Catalonia	$211	786	$977	34.9%	High
31	Bilbao, Autonomous Community of the Basque Country	$207	1,358	$2,251	44.4%	High
32	el Campello, Valencian Community	$205	779	$1,748	43.4%	High
33	Torrox, Andalusia	$204	825	$1,270	37.7%	High
34	Fuengirola, Andalusia	$201	2,425	$1,653	43.9%	High
35	Tarifa, Andalusia	$201	1,504	$1,221	35.9%	High
36	l'Escala, Catalonia	$200	835	$1,026	35.2%	High
37	San Bartolomé de Tirajana, Canary Islands	$198	2,693	$1,828	45.4%	High
38	Castelló d'Empúries, Catalonia	$197	999	$1,040	34.4%	High
39	Dénia, Valencian Community	$194	2,125	$1,012	35.3%	High
40	Vélez-Málaga, Andalusia	$194	665	$1,261	36.5%	High
41	Seville, Andalusia	$193	7,247	$2,414	47.4%	High
42	Torroella de Montgrí, Catalonia	$193	698	$887	32.7%	High
43	Girona, Catalonia	$193	654	$1,999	45.5%	High
44	Oliva, Valencian Community	$192	579	$982	34.6%	High
45	Benalmádena, Andalusia	$189	2,993	$1,736	46.2%	High
46	Barbate, Andalusia	$189	685	$996	34.8%	High
47	Málaga, Andalusia	$189	8,649	$2,057	47.0%	High
48	Mogán, Canary Islands	$187	1,366	$1,657	43.3%	High
49	Llanes, Asturias	$187	820	$869	31.5%	High
50	Benidorm, Valencian Community	$187	2,292	$1,405	38.3%	High
51	Salou, Catalonia	$184	1,580	$1,053	36.9%	High
52	Manilva, Andalusia	$183	756	$969	33.5%	High
53	San Miguel de Abona, Canary Islands	$183	628	$1,854	44.6%	High
54	Madrid, Community of Madrid	$183	16,423	$2,322	50.1%	High
55	Roses, Catalonia	$182	1,552	$1,044	35.4%	High
56	Sanxenxo, Galicia	$182	782	$689	32.9%	High
57	Cullera, Valencian Community	$180	552	$1,118	36.1%	High
58	Gandia, Valencian Community	$179	694	$945	35.2%	High
59	Santiago del Teide, Canary Islands	$176	818	$1,666	44.2%	High
60	Cartagena, Region of Murcia	$174	952	$1,137	36.4%	High
61	l'Hospitalet de Llobregat, Catalonia	$174	853	$2,300	52.4%	High
62	Ayamonte, Andalusia	$174	625	$682	30.4%	High
63	Vejer de la Frontera, Andalusia	$173	824	$883	33.2%	High
64	Orihuela, Valencian Community	$171	1,734	$1,068	36.8%	High
65	Níjar, Andalusia	$171	959	$990	32.6%	High
66	Córdoba, Andalusia	$170	1,984	$1,398	35.9%	High
67	Toledo, Castile-La Mancha	$169	705	$1,420	34.9%	High
68	Mojácar, Andalusia	$169	623	$1,021	36.4%	High
69	Peníscola / Peñíscola, Valencian Community	$166	774	$852	34.9%	High
70	Cádiz, Andalusia	$165	1,288	$1,341	38.5%	High
71	Torremolinos, Andalusia	$165	2,350	$1,632	45.1%	High
72	Santander, Cantabria	$163	1,243	$999	40.6%	High
73	Valencia, Valencian Community	$162	6,931	$1,783	46.7%	High
74	Gijón, Principado de Asturias	$162	1,240	$1,151	36.9%	High
75	Santa Pola, Valencian Community	$161	1,193	$1,178	39.3%	High
76	Jerez, Andalusia	$159	654	$1,177	33.1%	High
77	Teguise, Canary Islands	$157	1,235	$1,743	49.7%	High
78	Arona, Canary Islands	$157	3,148	$1,634	46.4%	High
79	San Javier, Campo de Cartagena y Mar Menor	$155	621	$850	34.0%	High
80	Antigua, Canary Islands	$153	650	$1,407	45.4%	High
81	La Oliva, Canary Islands	$153	1,911	$1,484	45.8%	High
82	Tarragona, Catalonia	$153	629	$1,098	40.8%	High
83	Alicante, Valencian Community	$153	3,522	$1,399	43.8%	High
84	Granadilla de Abona, Canary Islands	$151	958	$1,392	44.4%	High
85	Vigo, Galicia	$147	1,056	$962	37.2%	High
86	Orpesa / Oropesa del Mar, Valencian Community	$146	685	$607	32.0%	High
87	Oviedo, Principado de Asturias	$145	787	$1,169	42.1%	High
88	A Coruña, Galicia	$145	594	$1,019	41.2%	High
89	Granada, Andalusia	$143	3,202	$1,471	42.0%	High
90	Roquetas de Mar, Andalusia	$140	642	$789	35.9%	High
91	Zaragoza, Aragon	$137	816	$1,380	42.2%	High
92	Almeria, Andalusia	$137	681	$894	38.5%	High
93	Santa Cruz de Tenerife, Canary Islands	$136	849	$1,323	44.2%	High
94	Murcia, Área Metropolitana de Murcia	$132	724	$958	39.1%	High
95	Pájara, Canary Islands	$130	762	$1,271	44.4%	High
96	Vera, Andalusia	$129	700	$638	35.2%	High
97	Torrevieja, Valencian Community	$127	3,241	$769	38.3%	High
98	Las Palmas de Gran Canaria, Canary Islands	$127	2,614	$1,028	40.9%	High
99	Puerto de la Cruz, Canary Islands	$120	985	$1,227	46.1%	High
100	Salamanca, Castile and León	$110	667	$985	36.1%	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 52.4% occupancy, $2,300/month revenue, and 853 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	52.4%	853	$2,300	$174	High
2	Tías, Canary Islands	50.9%	1,538	$2,181	$216	High
3	Barcelona, Catalonia	50.2%	11,251	$3,227	$244	High
4	Madrid, Community of Madrid	50.1%	16,423	$2,322	$183	High
5	Teguise, Canary Islands	49.7%	1,235	$1,743	$157	High
6	Seville, Andalusia	47.4%	7,247	$2,414	$193	High
7	Málaga, Andalusia	47.0%	8,649	$2,057	$189	High
8	Valencia, Valencian Community	46.7%	6,931	$1,783	$162	High
9	Arona, Canary Islands	46.4%	3,148	$1,634	$157	High
10	Benalmádena, Andalusia	46.2%	2,993	$1,736	$189	High
11	Adeje, Canary Islands	46.2%	2,821	$2,409	$234	High
12	Puerto de la Cruz, Canary Islands	46.1%	985	$1,227	$120	High
13	Palma, Balearic Islands	46.1%	960	$3,245	$330	High
14	Yaiza, Canary Islands	46.0%	1,440	$2,616	$314	High
15	La Oliva, Canary Islands	45.8%	1,911	$1,484	$153	High
16	Girona, Catalonia	45.5%	654	$1,999	$193	High
17	San Bartolomé de Tirajana, Canary Islands	45.4%	2,693	$1,828	$198	High
18	Antigua, Canary Islands	45.4%	650	$1,407	$153	High
19	Torremolinos, Andalusia	45.1%	2,350	$1,632	$165	High
20	San Sebastián, Autonomous Community of the Basque Country	45.1%	1,323	$3,653	$314	High
21	San Miguel de Abona, Canary Islands	44.6%	628	$1,854	$183	High
22	Pájara, Canary Islands	44.4%	762	$1,271	$130	High
23	Granadilla de Abona, Canary Islands	44.4%	958	$1,392	$151	High
24	Bilbao, Autonomous Community of the Basque Country	44.4%	1,358	$2,251	$207	High
25	Santanyí, Balearic Islands	44.3%	740	$3,769	$549	High
26	Santa Cruz de Tenerife, Canary Islands	44.2%	849	$1,323	$136	High
27	Santiago del Teide, Canary Islands	44.2%	818	$1,666	$176	High
28	Pollença, Balearic Islands	44.0%	1,512	$3,387	$462	High
29	Fuengirola, Andalusia	43.9%	2,425	$1,653	$201	High
30	Alicante, Valencian Community	43.8%	3,522	$1,399	$153	High
31	Ciutadella, Balearic Islands	43.7%	965	$1,945	$289	High
32	Alcúdia, Balearic Islands	43.4%	1,151	$3,560	$448	High
33	el Campello, Valencian Community	43.4%	779	$1,748	$205	High
34	Mogán, Canary Islands	43.3%	1,366	$1,657	$187	High
35	Zaragoza, Aragon	42.2%	816	$1,380	$137	High
36	Oviedo, Principado de Asturias	42.1%	787	$1,169	$145	High
37	Sitges, Catalonia	42.1%	906	$2,308	$268	High
38	Granada, Andalusia	42.0%	3,202	$1,471	$143	High
39	Mijas, Andalusia	41.4%	2,895	$1,958	$255	High
40	A Coruña, Galicia	41.2%	594	$1,019	$145	High
41	Las Palmas de Gran Canaria, Canary Islands	40.9%	2,614	$1,028	$127	High
42	Tarragona, Catalonia	40.8%	629	$1,098	$153	High
43	Santander, Cantabria	40.6%	1,243	$999	$163	High
44	Nerja, Andalusia	40.5%	2,210	$1,506	$212	High
45	Estepona, Andalusia	39.5%	2,363	$1,719	$259	High
46	Santa Pola, Valencian Community	39.3%	1,193	$1,178	$161	High
47	Murcia, Área Metropolitana de Murcia	39.1%	724	$958	$132	High
48	Almeria, Andalusia	38.5%	681	$894	$137	High
49	Cádiz, Andalusia	38.5%	1,288	$1,341	$165	High
50	Teulada, Valencian Community	38.4%	665	$1,826	$311	High
51	Benidorm, Valencian Community	38.3%	2,292	$1,405	$187	High
52	Torrevieja, Valencian Community	38.3%	3,241	$769	$127	High
53	Altea, Valencian Community	38.2%	843	$1,528	$234	High
54	Calp, Valencian Community	38.1%	2,074	$1,383	$211	High
55	Almuñécar, Andalusia	37.8%	1,031	$1,396	$225	High
56	Marbella, Andalusia	37.7%	5,413	$2,369	$362	High
57	Torrox, Andalusia	37.7%	825	$1,270	$204	High
58	Vigo, Galicia	37.2%	1,056	$962	$147	High
59	Palafrugell, Catalonia	37.1%	705	$1,716	$292	High
60	Salou, Catalonia	36.9%	1,580	$1,053	$184	High
61	Gijón, Principado de Asturias	36.9%	1,240	$1,151	$162	High
62	Begur, Catalonia	36.9%	615	$1,938	$373	High
63	Orihuela, Valencian Community	36.8%	1,734	$1,068	$171	High
64	Xàbia / Jávea, Valencian Community	36.6%	1,494	$1,648	$298	High
65	Vélez-Málaga, Andalusia	36.5%	665	$1,261	$194	High
66	Mojácar, Andalusia	36.4%	623	$1,021	$169	High
67	Cartagena, Region of Murcia	36.4%	952	$1,137	$174	High
68	Mont-roig del Camp, Catalonia	36.3%	551	$928	$211	High
69	Lloret de Mar, Catalonia	36.1%	1,200	$1,431	$256	High
70	Salamanca, Castile and León	36.1%	667	$985	$110	High
71	Cullera, Valencian Community	36.1%	552	$1,118	$180	High
72	Córdoba, Andalusia	35.9%	1,984	$1,398	$170	High
73	Tarifa, Andalusia	35.9%	1,504	$1,221	$201	High
74	Roquetas de Mar, Andalusia	35.9%	642	$789	$140	High
75	Roses, Catalonia	35.4%	1,552	$1,044	$182	High
76	Dénia, Valencian Community	35.3%	2,125	$1,012	$194	High
77	Vera, Andalusia	35.2%	700	$638	$129	High
78	l'Escala, Catalonia	35.2%	835	$1,026	$200	High
79	Gandia, Valencian Community	35.2%	694	$945	$179	High
80	Cambrils, Catalonia	34.9%	786	$977	$211	High
81	Peníscola / Peñíscola, Valencian Community	34.9%	774	$852	$166	High
82	Toledo, Castile-La Mancha	34.9%	705	$1,420	$169	High
83	Barbate, Andalusia	34.8%	685	$996	$189	High
84	Oliva, Valencian Community	34.6%	579	$982	$192	High
85	Castelló d'Empúries, Catalonia	34.4%	999	$1,040	$197	High
86	Conil de la Frontera, Andalusia	34.2%	1,750	$1,032	$244	High
87	San Javier, Campo de Cartagena y Mar Menor	34.0%	621	$850	$155	High
88	Castell d'Aro, Platja d'Aro i s'Agaró, Catalonia	33.9%	702	$1,005	$222	High
89	Manilva, Andalusia	33.5%	756	$969	$183	High
90	Vejer de la Frontera, Andalusia	33.2%	824	$883	$173	High
91	Jerez, Andalusia	33.1%	654	$1,177	$159	High
92	Sanxenxo, Galicia	32.9%	782	$689	$182	High
93	Torroella de Montgrí, Catalonia	32.7%	698	$887	$193	High
94	Chiclana de la Frontera, Andalusia	32.7%	1,257	$1,186	$266	High
95	Níjar, Andalusia	32.6%	959	$990	$171	High
96	Orpesa / Oropesa del Mar, Valencian Community	32.0%	685	$607	$146	High
97	El Puerto de Santa María, Andalusia	31.7%	834	$1,292	$249	High
98	Llanes, Asturias	31.5%	820	$869	$187	High
99	Monachil, Andalusia	31.3%	546	$1,290	$293	High
100	Ayamonte, Andalusia	30.4%	625	$682	$174	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 16,423 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 $3,769. 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 52.4%. 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 39.7% occupancy, and the top performer posts $3,769 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 39.7%. 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 960 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 2026-08-08. Revenue figures are market averages, not projections. For full methodology, see the data methodology page.

Access Real-Time Airbnb API

This report is powered by our industry-leading Airbnb Data API, providing direct access to live short-term rental data from global markets like Spain. Use this data to build powerful analytics tools, discover investment opportunities, and inform your vacation rental strategy.

Get API Access