The tourist flat company Limehome is accelerating its expansion in Spain, which has become its second most important market after Germany.. The company has signed 1,600 units in Spain, of which 650 are already operational and maintaining an occupancy of 90%..
Over the last year, Limehome has added 600 new units in 12 different locationsThe most important cities are Madrid and Valencia, where more than 150 flats were signed in each for 2024.. This growth adds to its already established presence in cities such as Barcelona, Oviedo, Jerez, Santiago de Compostela and Alicante.
The company was able to meet its expansion and business targets last year, doubling its turnover compared to 2023. Ricardo Fernández, general manager of Limehome in Spain and Portugal, says that they have been profitable for two years in Spain, only four years after their arrival in the country, and that both guests and investors have understood the benefits of their model, which is driving unstoppable growth.
Limehome plans to continue its expansion in key cities such as Madrid, Barcelona, Valencia, Seville and Malaga.and also explore new markets such as Pamplona, Cordoba, Bilbao, Alicante and Almeria.. In addition, it is developing holiday projects in tourist destinations such as Benidorm, Benidorm, Alicante and Valencia.This reinforces its commitment to the Spanish market and the growth of the sector. proptech.
At the European level, Limehome reached its target of 3,000 new units by 2024, bringing the total to 9,000 flats in 150 cities.which places it among the continent's leading hotel brands. Half of this growth came from strategic alliances with key partners. In addition to consolidating its position in Germany with 5,250 flats in more than 80 cities, the company has also expanded its presence in the Czech Republic and strengthened its activity in Italy..
Josef Vollmayr, CEO of Limehome, points out that its growth figures reflect the fact that the company's digital and flexible business model meets the requirements of today's market perfectly and is highly appreciated by guests and investors alike.
