Portugal heading for another record year for tourist arrivals

  • Home >
  • News >
  • Portugal heading for another record year for tourist arrivals

Portugal heading for another record year for tourist arrivals
Reading time: 1 minute
Published: 25th September 2018, 12:44pm

The number of foreign tourists visiting Portugal jumped around 13 percent in January-July, putting the country firmly on track for another record year for tourism, which has been a key driver of its economic recovery since a 2011-14 debt crisis.

The National Statistics Institute said on Thursday in its monthly data on the hotel sector that over 7.1 million foreign visitors stayed in Portuguese hotels through July, which helped drive total hotel revenues over 17 percent higher to 1.8 billion euros ($2.14 billion).

Portugal’s arrivals growth outpaced those in neighboring Spain, which chalked up a 11 percent rise in the same period, according to official Spanish data.

Despite a deceleration in July from June levels, both the tourist arrivals and revenues so far this year maintained the pace of growth seen in 2016, when tourist arrivals exceeded 10 million for the first time.

August is traditionally the strongest month by far for holiday-making in Portugal, which lures foreign visitors with its beaches, historic sites and some of the lowest prices for wining and dining in western Europe.

Pop star Madonna has this month become the most illustrious of a growing number of foreign residents in Portugal, which was also named Europe’s top destination for expatriates in a survey by social network InterNations.

Hotel revenues and all travel-related revenues account for about 10 percent of Portugal’s gross domestic product. The tourism sector is also a key source of employment.

Tourism has been growing since 2011, helping the heavily indebted country overcome its economic and debt crisis. Economic growth this year is expected to accelerate to over 2 percent from 1.4 percent in 2016. 

Portugal has opened dozens of new hotels in the past year and private entrepreneurs have redeveloped hundreds of apartment buildings in old parts of Lisbon and other areas to rent to tourists, helping the country’s flagging construction sector.


Source: reuters.com

25th September 2018
Archeologists have found a centuries-old shipwreck off Portugal's coast…
7th September 2018
Portugal is situated in southern Europe and nestled beside Spain, it is…

Buying Property in Portugal

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.

It's fantastic how Ryan had complete knowledge regarding Lisbon and dealt with us in a great manner.

Akbar Ali - Investor from Pakistan

Ryan is very professional, but also friendly and knowledgeable about the Golden Visa market. He was also flexible as travelled from the Algarve to meet me in Lisbon to stand in for 1 colleague at short notice.

Investor from UK

Portugal Homes did a great job keeping me up to date with progress on my new home construction purchase by providing regular and comprehensive reports. This helped to ease anxieties about doing a home purchase in the midst of a global pandemic.

Investor from the USA

Although through Zoom, we established great confidence in George's integrity. [It was] important for us to have confidence in the staff's ability to feel aligned in views.

Donald Collie from Australia

The process was very quick and clear. I got all the information I needed in the first hour. The experience was perfect.

Tomoko Inoue from Japan

Overwhelming. Luisa has exceeded our expectations on all levels. Trust was established immediately. Enhanced by super friendly professionalism. The networks to banks, accountants, lawyers was seamless. there is not enough space here to write all the positives, enough to say we are making an offer and we only arrived 4 days ago. Its impossible to improve from perfection!

John Mulroe and Wiebke Bock