The tourism sector generated more than 14.700 million euros in Lisbon’s great region, alongside a grand total of 201 thousand jobs and 20.3% GDP of the region.
Lisbon’s Tourism Association published a report on the macroeconomic impact of tourism and this report shows that the total production of the agents in tourism’s chain value in the Lisbon region grew 11% from 2005 to 2018. This report showed that the returns value on hotels kept growing since 2012 and the average value per room reached €108,57 in 2018. Short-term rentals return increased by 37.7% in 2018, compared to the year before. In a more indirect manner, restaurants also registered significant growth, generating over 900 million € in 2018 (26% more than the year before). Transports grew 13% and Golfe 5.86%.
As to the origins of the tourists that booked rooms in the great Lisbon region in 2018, the report highlights the Brasilians, French, North Americans, Spanish, Germans, Britons, and Italians. These tourists spent, on average, 153,5€ per day and slept an average of 4.5 nights in the region. 95.1% arrived in the country by airplane and 90% visited Lisbon for the first time.
In this publication, Lisbon’s Tourism Association highlights the contributes that the development of tourism brought that benefit the residents in the Lisbon region and also its visitors, namely with the requalification of ruined buildings, and the enrichment of social and cultural offer, by generating the need to create more events and cultural activities and leisure types of equipment.
Lisbon’s inhabitants have been witnessing a rebirth of the city, from tourism derived activity. It comes alive every day, with several activities, shows, events, and general public street activity with thematic tours. Furthermore, Lisbon’s great weather invites people to be outside, occupying famous spaces like Pink Street, Bairro Alto, and Lx Factory.
In the article “Cool Lisbon! Three tips to enjoy Portugal’s Capital”, we’ve shared some ideas for what to do and see when visiting the Portuguese capital.
As we’ve already shared in a previous article, Lisbon was forgotten, it was Europe’s “sleeping beauty” of the 20th century and woke up after 1998’s World Fair. Both local and foreign residents are injecting doses of innovation and modernism despite all the economic hardships.
As an investor, whether you want to benefit from the attractions of Lisbon or be able to offer tourists some peace and quiet in the rural surrounding areas of the city, there are plenty of places to consider when investing in Lisbon. Maybe this guide we wrote on the best areas to invest in Lisbon can offer some assistance when you decide to invest.
Portugal has long been the most preferred tourist destination for Europeans, but many tourists now decide to prolong their stay because of the great tax incentives they can benefit from when investing in real estate in Portugal. In addition to the obvious advantages of about 300 days of sunshine in the south, along with the low cost of food and houses, we can show you how to save money when investing in real estate in Portugal and why you should do it through Portugal Homes.
Portugal Homes has very experienced and knowledgeable professionals working with some of the most established and reputable developers Portugal has to offer. Our vast experience allows us to guide you through the best investment choices.
Whether you want a holiday home or an investment property, we select the best units for your profile and take care of all the process from start to finish. Even after the sale! Our After Sales services assume the responsibility of furnishing your property at your taste, taking care of the property in your absence, managing the rentals if you wish to rent your property when you’re not in Portugal and so much more!
To learn more about the Portuguese Non-Habitual Resident Program and our After Sales services, please fill the form below.
My property advisor, Mathew McGurn, was truly excellent! His knowledge, professionalism and attention to details was much appreciated. He worked hard to not only find a property that fit all my requirements, he negotiated successfully with agents making sure my offer won over other buyers bidding for the same property. In addition, his communication skills, prompt response time and general help with my getting settled in Portugal went above and beyond the normal.Investor from the USA
Dear Sérgio, thank you so much for arranging our 1º Esquerdo place. We love our place, and your attention to detail is very much appreciated.Tim Thronson - Investor from the USA
A full service, one stop opportunity. Very easy for us a foreigners. Ryan Dunn went above and beyond for us. We appreciate him and his work!Jose Arias - Investor from the USA
Everyone I met with and spoke with has been extremely knowledgeable and professional. Dealing with native English speakers who understand things from my perspective was very reassuring. Finally, knowing that I had Matthew in my corner gave me the confidence to proceed with the process of buying an apartment in Lisbon. Thanks very much.Investor from the USA
So far it has been great. Simon is very knowledgeable and friendly.Loay El Abiad - Investor from Saudi Arabia
It's fantastic how Ryan had complete knowledge regarding Lisbon and dealt with us in a great manner.Akbar Ali - Investor from Pakistan