The Valencia-Madrid high-speed train route has experienced remarkable growth in passenger numbers, setting a new record for 2024.
In the first half of the year, more than 2.8 million passengers traveled along this popular route, an impressive increase of 18% compared to the same period in 2023. This surge in passenger volume has been driven by the affordability of ticket prices and the diverse options available from multiple rail operators.
Renfe, Spain’s national railway operator, remains a dominant player on the Valencia-Madrid line, serving 1.39 million passengers from January to June—an increase of 5.5% from the previous year.
However, competition from private operators is intensifying. Ouigo, the ‘low-cost’ subsidiary of the French National Railway Company (SNCF), and iryo, a collaboration between Air Nostrum, Trenitalia, and Globalvia, have both expanded their market presence, capturing a combined 50.88% of the total passenger share.
Among the private companies, Ouigo led with 727,920 passengers in the first half of the year, despite a modest 20.1% increase in passenger volume. On the other hand, iryo, with fewer frequencies but a strong presence, recorded a substantial 50.2% growth, attracting 713,100 passengers. This strong performance by private rail companies showcases the increasing competitiveness and appeal of the high-speed rail sector in Spain.
Pricing has been a key factor contributing to the popularity of this route. The average fare between Valencia and Madrid decreased by 3% from April to June 2024 compared to the same period in 2023, making it the most affordable high-speed rail connection in Spain. The average ticket cost for the route stands at €31.23, with prices varying depending on the operator.
Renfe’s low-cost AVLO brand offers the most budget-friendly option at an average price of €22.78. Ouigo’s fares follow at €25.02, while iryo tickets are priced at an average of €25.35. Renfe’s premium AVE service is the most expensive, averaging €40.27 per ticket. Despite these differences, all four operators have seen strong demand, reflecting the popularity of high-speed travel in Spain.
The affordability and convenience of high-speed rail travel have positioned the Valencia-Madrid route as a key driver of Spain’s tourism and transportation sectors. The route’s growth is in line with the overall increase in tourist arrivals and spending, further enhancing Valencia’s status as a major travel destination.
Additionally, Ouigo has announced that it will begin offering tickets starting at just nine euros for travel between December 15, 2024, and June 29, 2025, for various routes, including the Valencia-Madrid line. Tickets will also be available for routes connecting Madrid with Valladolid, Alicante, and Murcia, making high-speed travel even more accessible to a broader audience.
Compare train ticket prices in Spain
