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Spain Poised for Another Tourism Record in 2026, CEHAT–PwC Says

Analysts flag Middle East risks that could squeeze jet fuel supplies despite airlines' hedges.

Overview

  • CEHAT and PwC’s Smart Observatory, presented Monday, points to a stable spring–summer outlook with moderate growth that would push 2026 to record levels.
  • The report forecasts about 320,000 flights between July and September, up 5.4% year over year, with bigger increases from the UK and Italy and smaller gains from Germany and France.
  • Current bookings are about 4% higher than a year ago, and hotels expect summer occupancy to match 2025 with stronger results in beach destinations than in some cities.
  • The main risk is a prolonged conflict in the Middle East that could disrupt the Strait of Hormuz and raise jet fuel costs, though Aena expects a contained impact and airline fuel hedges should limit near‑term fare increases.
  • Early 2026 data show roughly 300,000 more international travelers offsetting about 100,000 fewer domestic trips, helped by high employment and a stable Euribor that support household budgets.