Tuesday, June 25, 2024 Following Barcelona City Council’s announcement to ban short-term rentals by 2029, Mabrian, the global travel intelligence platform, delves into data intelligence to assess the scale and impact of the tourism rental market in this famous Spanish city. The findings reveal that the market is 63% larger than the city authorities’ official calculations. Mabrian’s mid-June 2024 analysis provides up-to-date insights into the demand and availability of short-term rentals, highlighting the importance of a density-focused approach to this market and its anticipated impact on key international markets for Barcelona.
Capacity is the core issue in managing short-term rentals. According to Barcelona’s City Council, the ban will affect 10,000 units, which will have their licenses revoked by late 2028, making these homes available to local residents again. However, Mabrian’s data intelligence indicates that this figure underestimates the market size, which is actually 63% larger, encompassing over 15,800 units and nearly 56,700 rental beds.
This means that the total capacity of short-term rentals in Barcelona represents 67.6% of the city’s total hotel capacity, which stands at 84,000 hotel beds by the end of 2023, according to the Observatori de Turismo de Barcelona. “Getting the record straight in terms of dimensioning the market is crucial for policymaking, especially considering that, according to our data, approximately 1 out of 4 rental units in Bar.
