Last year was synonymous with one more record for Portugal tourism, being preferred destination of 27 million tourists. This number represents an increase of 7.3% compared to 2018 and a significant advance in the pace of growth, according to data from the National Statistics Institute (INE). Tourism revenues increased to 4.28 billion euros.
In terms of stay, both national and international guests spent fewer nights in tourist units, with the average being 2.59 nights. Hotels continue to lead the choice, concentrating around 58 million stays, ahead of local accommodation with 10 million stays. Rural tourism counted with 1.0 million overnight stays. When it comes to growth, hostels stood out with overnight stays skyrocketing 23.5%, says INE.
Most of the tourists keep coming from the United Kingdom, with a total of 9.38 million people, rising 1.5% compared to 2018. Following the Germans with 5.88 million guests and the Spanish with 5.22 million. In terms of growth, the highlight goes to the North American (29.2%), Canadian (27.6%) and Irish (26%) markets.
This record was followed by an expressive increase in revenues obtained in the sector. Last year the sector saw a total increase of 7.3% to 4.28 billion euros.
With tourism expanding more and more, Turismo de Portugal gives green light to the construction of 105 new hotels - 29 projects are set the Metropolitan Area of Lisbon, 23 in the Algarve and 21 in the Alentejo. Look at our available projects in Lisbon | Algarve.
If these projects move ahead, they will bring 12,404 more beds to the market, which should join the existing 340,349 - the majority will be hotels, but there are also registration of apartment hotels, tourist villages and tourist apartments.
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.
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Ryan was an excellent real estate agent, he really steered me in the right direction based on what I said was important to me. Living in another country, I wasn't as familiar with the city as he is. Where I thought I wanted to live and what I truly wanted were not the same. He took the time to listen and figure out the best spot for me, and we are very happy with it - far more than we would have been elsewhere.Investor from the USA
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