International private equity firms and REITs are readjusting their valuation models for hotel assets in southern Gran Canaria. Average spending per tourist per trip reached €1.621 during the first quarter of the year, injecting a solid dose of confidence into the investment portfolios that control the accommodation sector in San Bartolomé de Tirajana and Mogán. This key consumer spending indicator is regaining financial momentum after the downturn experienced in the same period last year, consolidating the island's appeal compared to other Mediterranean markets.
The figure reached at the start of the year represents an additional injection of €65 per visitor compared to the €1.556 recorded in the first quarter of the previous period. For investment funds, this increase validates the asset repositioning (value-add) strategies implemented on the southern coast, placing the return per customer on the verge of the all-time record, set in the first quarter of a previous cycle at €1.665 per person. This stable cash flow generation is supported by the structural surpassing of the €1.500 per stay threshold, a critical level for guaranteeing the return on capital invested in the purchase of accommodation complexes.
Long-term macroeconomic trends confirm the island's transformation into a strategic asset for institutional capital. In the first quarter of the initial reference period, the average expenditure per traveler barely reached €1.103, implying a cumulative increase in the value of stays of over 46% in the last fourteen years. This steady appreciation of the destination is reflected in the consolidated annual performance, climbing from an average of €1.073 at the start of the series to close the last full year with an unprecedented ratio of €1.498 per tourist, a factor that raises the appraised value of beachfront properties.
Investment fund committees closely monitor this dynamic demand to assess their portfolios' resilience to the traditional revenue decline during the spring and summer seasons. Historical data confirms that the second quarter of the year consistently operates as the period with the lowest revenue per visitor, registering lows that typically fluctuate between €1.307 and €1.324 per person. Strong spending in the winter market mitigates the impact of this summer seasonality, sustaining operating margins and ensuring dividend flow from hotel acquisitions and management operations in the south of the island.
