Canary Islands overhaul their hotel supply: over 8,000 rooms in play
The Canary Islands are reshaping their hotel stock on a large scale. Between new high-end projects and major refurbishments, more than 8,000 rooms are in play, according to Atlántico Hoy. The underlying goal: to move the offer upmarket and steer the destination toward higher-value tourism.
Photo: Jayen466, Public domain (Symbolbild).
The figure blends luxury hotels still to open with properties being modernised or repositioned. Different consultancies reach different counts depending on methodology, but they all point the same way: more four- and five-star beds and a clear bet on quality.
What is on the table
The headline sums it up, per Atlántico Hoy: more than 8,000 rooms in motion across luxury projects and refurbishments. The same outlet specifies that 2,838 rooms are already being modernised and that the Canaries concentrate 17% of Spain's future five-star supply.
It is a picture of transformation, not just growth: some of those rooms are not new beds but existing properties being refurbished, upgraded or reconverted to compete better.
New builds: where and with whom
According to a count by Canarias7, the archipelago has close to 18 new holiday hotels in the pipeline, with about 4,489 rooms and around 9,000 beds — a 5% rise over the existing 88,625 rooms. The island breakdown it cites places 7 hotels in Tenerife (1,639 rooms), 4 in Fuerteventura (1,367), 3 in Lanzarote (1,315) and 4 in Gran Canaria (168).
Among the specific projects Atlántico Hoy lists from the EY-Parthenon report are the Hoya Grande complex in Adeje (Tenerife), with four hotels, more than 1,300 rooms and over €300 million in investment; a Lopesan project in Maspalomas (956 rooms); the Elba in Corralejo (478); the Gloria Palace in Costa Teguise (352); and the Gran Hotel Taoro in Puerto de la Cruz (207). Brands named by Canarias7 include Banyan Tree, 7Pines, Labranda, Atlantis Hotels, Spring Hotels, Gloria Palace, H10 Hotels and AC Hotels by Marriott.
Refurbishment and repositioning
A large share of the activity is renewal. A report by EY-Parthenon (Hotel Property Telescope 2025), cited by Atlántico Hoy, counts 44 new hotel projects by 2028 — more than 6,000 rooms — of which 27 would be new builds, 6 repositionings and 11 buildings converted into hotels, with a boom in boutique conversions across the historic quarters of Las Palmas.
A concrete example: the former Maritim in Los Realejos, in northern Tenerife, has reopened as the Precise Resort Tenerife after a refurbishment of more than €10 million, according to Atlántico Hoy. It marks the entry of Precise Hotels & Resorts into the islands.
Why: moving upmarket
The common thread is the one island councils and industry bodies keep repeating: more value per guest rather than more volume. The fact that the Canaries hold 17% of Spain's future five-star supply, per Atlántico Hoy, fits that strategy.
The investment backdrop supports it, if with nuances: Atlántico Hoy recalls that the Canaries led Spain's hotel investment in 2025 with more than €1 billion, while in 2026 the pace is cooling (€363 million to June). The consultancy Christie & Co, cited by Canarias7, speaks of the close of an exceptionally good cycle.
What it means for the destination and travellers
For the destination, the message is a more modern stock weighted toward the upper end. For travellers, that means more premium options — spa, wellness, design — but also, predictably, rising average prices at the top of the range.
The figures deserve caution: these are projects and forecasts, not guaranteed openings, and timelines can slip. Even so, the direction is clear — and already visible in completed refurbishments such as the one in northern Tenerife.
Many refurbished hotels reopen in phases, so confirm which areas (spa, pools, restaurants) are already operating before you book.
Key facts
- More than 8,000 rooms in play across luxury projects and refurbishments (Atlántico Hoy).
- 2,838 rooms already being modernised (Atlántico Hoy).
- The Canaries hold 17% of Spain's future five-star supply (Atlántico Hoy).
- Around 18 new hotels, ~4,489 rooms and ~9,000 beds, +5% over 88,625 (Canarias7).
- 44 projects by 2028: 27 new builds, 6 repositionings, 11 conversions (EY-Parthenon via Atlántico Hoy).
- The Canaries led Spain's hotel investment in 2025 with over €1 billion (Atlántico Hoy).
FAQ
- How many rooms are in play?
- More than 8,000 across luxury projects and refurbishments, per Atlántico Hoy. Other counts cite ~4,489 new (Canarias7) or more than 6,000 by 2028 (EY-Parthenon); they vary by methodology.
- Which islands lead?
- Tenerife and Gran Canaria lead, with projects also on Fuerteventura, Lanzarote and the smaller islands. The five-star new builds cited by Canarias7 are concentrated in Tenerife.
- Is it all new construction?
- No. A significant share is refurbishment, repositioning and conversion of existing buildings; 2,838 rooms are already being modernised, per Atlántico Hoy.
- Why renew the stock?
- To move upmarket and attract higher-value tourism: the Canaries would hold 17% of Spain's future five-star supply (Atlántico Hoy).
- Will prices rise?
- At the top end, likely yes: more premium product usually comes with higher average prices. It pays to compare and book early.
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