Where are the 44 new hotels going to open in the Canary Islands by 2028?
44 new hotel projects are expected to be completed in the Canary Islands by 2028. According to the latest report, The Hotel Property Telescope 2025 by EY Parthenon, this growth will add over 6,000 new hotel rooms across the archipelago, with a strong emphasis on high-end, four and five-star resorts.
Most of the development is concentrated in Tenerife and Gran Canaria, including 27 new constructions, 6 repositioning projects, and 11 property conversions into tourist accommodations. Popular resort municipalities such as San Bartolomé de Tirajana, Arona, Adeje, Yaiza, and Puerto de la Cruz are among the main areas of focus, alongside the capitals and lesser-explored rural areas.
Mega-Project in Adeje
One of the largest initiatives underway is a macro-development in Hoya Grande, in Adeje in the south of Tenerife, which includes four new hotels, a golf course, and plans for 5,000 affordable housing units (VPO).
The development spans over one million square metres, with an estimated private investment of more than €300 million. Final hotel categories have yet to be confirmed, but the site is expected to offer over 1,300 tourist beds.
Five-Star Surge in Southern Tenerife
The south of Tenerife continues to attract luxury projects. Arona will see three new five-star hotels: Tenerife Blue Village (325 rooms), HG Arona Park (202), and the Spring Hotel in Los Cristianos (525). In nearby Guía de Isora, the high-end Tierra de Erques development will bring 384 rooms and a new resort, while Granadilla de Abona moves forward with the controversial La Tejita Hotel.
In the north, Puerto de la Cruz will welcome the repositioned Gran Hotel Taoro (207 rooms) and the Silken Saaj Martiánez (138), both five-star properties.
Major Expansion in Gran Canaria
Gran Canaria’s most notable project is from Lopesan Hotel Group, which will add 956 rooms in Maspalomas, making it one of the largest additions across the islands. Smaller boutique and emblematic hotels are also planned, including the Casa de los Hernández in Teror (8 rooms).
In Las Palmas de Gran Canaria, there’s a growing trend of converting historic urban buildings into boutique hotels, particularly in the Vegueta and Triana districts. Triana is set to get its first hotel at number 54 on Calle Mayor.
Other Islands Join the Boom
Fuerteventura will gain nearly 720 new rooms through the Elba Corralejo Hotel (478 rooms) and another upcoming Elba project in Antigua (240 rooms).
Lanzarote will see the opening of the Gloria Palace Costa Teguise (352 rooms), Hotel 5E in Playa Blanca (342 rooms), and a boutique vineyard hotel in La Geria with just six exclusive rooms.
In La Palma, the Dichosa Wellness Clinic in El Paso will open as a five-star health and wellbeing retreat with 240 rooms.
El Hierro is also part of the trend, with the transformation of a former monastery in La Frontera into a tourist complex featuring 200 guest spaces, 100 within the monastery itself and 100 in adjacent villas.
Tourist Apartments on the Rise
Beyond traditional hotels, the apartment tourism sector is also expanding. Projects include Kora Maresía in Arrecife (114 units), Kora Los Gigantes in Tenerife (110), and a range of developments in Teguise (143), San Bartolomé de Tirajana (55), Tuineje (98), and San Miguel de Abona. A new aparthotel by Livvo Hotel Group is also planned for Vallehermoso, La Gomera (108 units).
A Mix of Local and Independent Investment
Most new developments are being driven by established Canarian and national hotel groups such as Lopesan, Elba, Cordial, Canarian Hospitality, Spring Hotels, Silken, Kora, and Livvo. However, independent investors are increasingly active in smaller boutique and heritage projects, particularly in rural or historical settings.
This broad mix of large-scale luxury projects and small-format, experience-driven hotels reflects a shift toward a more diverse, sustainable, and adaptive tourism offering across the Canary Islands, one that caters to both traditional holidaymakers and modern travellers seeking wellbeing, culture, and authenticity.
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