The vacation rental market in the Canary Islands is undergoing a significant correction. According to the economic study by Excelcan released on September 15, the offered capacity decreased by 19.6% year-on-year in the second quarter of 2026.
The average daily rate fell by 12.5% and total revenue dropped by 26.4% compared to the same period in 2025. Compared to the first quarter of 2026, total revenue decreased by 47.7%.
The reduction in capacity has coincided with a drop in ADR and total billing. This necessitates examining the micro-market before drawing conclusions.
Sources: EFE Agency with data from Excelcan for Q2 2026; trend contrast with ISTAC data published in May 2026.
