Spain is a paradise where many yearn to start their own business, and it’s no wonder, as the vast majority of tourists who visit the capital leave behind a staggering amount of euros. Therefore, more and more companies and entrepreneurs are deciding to establish their base of operations in Spain. These types of new businesses are a global trend and allow more and more successful entrepreneurs to offer better and more comprehensive services. Here we present the 7 best businesses you can start in Spain for tourists.

Number One: Tapas and Delicious Traditional Food

Among the many businesses that can be opened today in Spain, the food sector is one of the most profitable. This is no surprise, as, with so many tourists, Spain is an inexhaustible source of euros. Tourists generally visit Spain to experience its culture. It’s no wonder that one of the main things people want to try when they arrive in Spain is its impressive gastronomy. Spain is famous for its extensive Mediterranean cuisine, tapas, and Serrano ham, but a food business can go much further. Many establishments offer shows in addition to their food. It’s a trend in certain restaurants to offer incredible flamenco shows during meals. This way, you kill two birds with one stone and, in addition to entertaining your guests, offer them the best cuisine and more culture.

Embark on highly cultural walking tours powered by technology

Walking tours have always existed and are a wonderful way to get to know the city, its historical monuments, and immerse yourself in Spanish culture. You may know that today there are also walking tours that combine Augmented Reality. These new tours offer a magnificent experience because, in addition to combining culture and history with a good guide, they can also show you what the city was like in the past. These initiatives generate significant sources of income, as investing in technology is initially costly but very profitable. Paying staff is not the same as a one-time investment in an augmented reality program that shows the former royal palace and can be used for multiple tours throughout the year.

Invest in flamenco schools or shows

As we mentioned, one of the best businesses in Spain is anything related to culture. The Spanish government provides non-repayable grants for everything related to culture. Flamenco is no exception. Year after year, large sums of money are donated to small businesses that showcase the incredible value of flamenco dancing to the world. Investing in a bar with enough space for a flamenco show can be a very profitable idea and a successful business. This is especially true because year after year, more tourists visit Spain looking to discover this beautiful country. Many flamenco tablaos also offer the opportunity to teach classes to curious tourists who want to learn more about Spain. Although there are already numerous flamenco bars and shows in Madrid or Barcelona, ​​there is still great potential to open in cities with high tourist influx and little competition, such as Seville, the Canary Islands, or Granada.

Invest your money in bars and clubs in Spain

Nightlife is undoubtedly one of the most profitable businesses in Spain. This is not only due to the current high demand, as bottles and drinks sell like gold. Every night, regardless of the day, you can find a party in large cities like Madrid or Barcelona. The summer party in Barcelona is wild while most of the people dance until 7 am. If you’re thinking about doing something like this, the important thing is to choose the right street. The type of music that tourists like most will depend on the time of year. In the summer, they prefer venues where they dance skin-to-skin, while in the winter, when they’re in small groups, they seek out more electronic music. Although in most countries people only go out on weekends, in Spain, massive student parties on friday party Madrid nights are very common. Just wander around clubs like Kapital on a Tuesday night in Madrid to discover that those who dedicate themselves to this business are successful entrepreneurs.

Organize Your Own Wine Tasting

Spain is famous for its incredible beaches and stunning monuments. More and more people are discovering that Spain is a winemaking paradise. Spain’s Mediterranean climate contributes to the extraordinary quality of its grapes. These magnificent grapes make for delicious wines, and offering them to local tourists is also very profitable. Wine tasting for couples in Barcelona is a booming business, especially in Barcelona. At tastings, thirsty tourists can quench their thirst while learning about Spanish wine culture. There are wine lists for couples in Barcelona and tastings in Madrid where you can taste the best wines from the region. The business lies in connecting with local vineyards and thus being able to distribute their authentic, organic, and original wines. A brief explanation of how to taste wines and pair them with magnificent Iberian hams can turn an ordinary experience into an extraordinary one.

Create accommodations for the new millennials

More and more young travelers under 35 are choosing to visit Europe. In Spain, there are numerous five- and four-star hotels. Despite the existence of Airbnb, more and more young people are looking for accommodations that meet their needs. Opening a hostel that offers activities for these young travelers is an excellent business idea. Currently, large investors are buying buildings and rebuilding them to create authentic hostels with a lively day and nightlife. Starting one of these businesses can be very profitable, as the number of nights these travelers can afford is increasing. We’re not talking about traditional hotels with pools and famous restaurants. We’re talking about hostels specialized in fostering a pleasant experience for young travelers. In Barcelona, ​​there are several hostels that offer activities for tourists, such as flamenco shows, tapas tours, walking tours, and pub crawls. These establishments are increasingly in demand because young people, locked away in their digital world during vacation, prefer to meet people in person and experience new things, and this is only possible thanks to an establishment with a human touch.