HOTEL SECTOR IN PORTUGAL - REVENUES WENT UP 24%

  • HOME
  • Weekly Travel News
  • HOTEL SECTOR IN PORTUGAL - REVENUES WENT UP 24%
  • HOTEL SECTOR IN PORTUGAL - REVENUES WENT UP 24% Laura Loss - Nov 20, 2022 0 Listen to this article 00:02:20 Your browser doesn’t support HTML5 audio

    Throughout the third quarter of this year, the hotel sector in Portugal has achieved a revenue increase of 24.4% compared to the summer of 2019, the reference year before the Covid-19 pandemic, according to the National Institute of Statistics (Ine).

    These revenues, estimated at nearly 4 billion euros over the summer period from July to September, represent a jump of 78% compared to the summer of 2021, in a sector still penalized by some health restrictions.

    In the first nine months of the year, the number of foreign tourists who stayed in Portugal more than quadrupled year-on-year to 11.9 million visitors. However, this indicator remains below the nearly 13 million foreign tourists welcomed between January and September 2019.

    In September, Portugal recorded a record number of tourist arrivals from the United States of America with more than 204,000 American guests arriving in the country. The data by Ine have revealed that this is the highest number of North American tourists in the national tourism accounts. More visitors came only from the United Kingdom (262,000 guests) and Spain (213,000 visitors).

    The statistics also reveal that North Americans have chosen Lisbon as their main destination in Portugal, where about 1.1 million overnight stays were registered in this region in the first eight months of the year.

    From January to September 2019, the number of passengers was more than 46.6 million and this year, in the same period, the figure stood at 42.8 million passengers.

    While the year 2021 was still marked by the consequences of the Covid-19 pandemic, Portugal has seen a strong economic recovery this year, boosted in particular by the tourism sector, with GDP growth of 4.9% in the third quarter, year-on-year.

    In its draft budget for 2023, the socialist government of Antonio Costa expects growth of 6.5% for the year as a whole, and then to slow down next year to 1.3 %. The Bank of Portugal revised its growth forecast upward to 6.7% in early October, explaining that economic activity was benefiting "from the recovery of tourism and household consumption".

    Related articles statistic JULY: FOREIGN TOURISM IN PORTUGAL EXCEEDED PRE-COVID LEVELS statistic OVERNIGHT STAYS IN PORTUGAL EXCEED 2019 LEVELS destination TOP 5 LESS-KNOWN TRAVEL DESTINATIONS IN PORTUGAL sustainable HISTORICAL VILLAGES OF PORTUGAL JOIN IN NATIONAL CAMPAIGN FOR RESPONSIBLE TOURISM Comments Add Comment
    • {{message}}
      {{#errors}}
    • {{error}}
    • {{/errors}}
    Afghanistan Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia & Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Chile China Colombia Costa Rica Croatia Cuba Cyprus Czech Republic Denmark Djibouti Dominican Republic East Timor Ecuador Egypt El Salvador Eritrea Estonia Ethiopia EU Faroe Islands Fiji Finland France French Polynesia Gabon Gambia Georgia Germany Ghana Global Greece Greenland Grenada Guaedloupe Guam Guatemala Guernsey Guyana Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kosovo Kurdistan Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Macedonia Madagascar Malawi Malaysia Maldives Maledives Malta Marshall Islands Martinique Mauritania Mauritius Mexico Micronesia Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Nigeria Niue Norfolk Island North Korea Northern Mariana Islands Norway Oman Other Other Other Other Other Other Other Pakistan Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Kitts and Nevis Saint Vincent & the Grenadines Samoa (American Samoa) Samoa (Western Samoa) San Marino Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Somalia South Africa South Korea Spain Sri Lanka St Martin Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syria Taiwan Tanzania Thailand Tibet Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine UNESCO United Arab Emirates United Kingdom UNWTO Uruguay USA Uzbekistan Vanuatu Vatican Venezuela Vietnam Virgin Islands (British) Virgin Islands (U.S.) Yemen Zambia Zimbabwe

    DON'T MISS tourism DESPITE ENERGY CRISIS SWISS TOURISM IS OPTIMISTIC ABOUT THE WINTER SEASON hospitality VIENNA'S ACCOMMODATION BUSINESS GROWS AND PROSPERS cruise CRUISE RECORD IN HAMBURG – MORE CALLS, FEWER PASSENGERS security CHINA TO BOOST TOURISM BY SLIGHTLY EASING THEIR HEALTH RESTRICTIONS LATEST REVIEWS Tourism Review Online Magazine 1 / 2022 Tourism Review Online Magazine 1 / 2021 Tourism Review Online Magazine 1 / 2020

    SEA-MALLS | CURATED | QUALITY | VALUE | CONVENIENCE

    Find High Quality Products, Carefully Curated from the best Malls for your convenience on https://sea-malls.com/.

    Professor Owl carefully selects what’s currently trending; Top Quality, From Crystals to Dresses; If it’s not good enough for Professor Owl, it has no place on https://sea-malls.com/Trusted by Customers across 6 Continents, Professor Owl always says, “Quality and Value are NOT mutually exclusive”.

    With Products Always on Sale, Over 100, 000 Five Star Reviews & Always FREE Shipping Globally, https://sea-malls.com/ delivers high quality, trending products at real value & true convenience.

    Originally posted on: https://www.tourism-review.com/hotel-sector-in-portugal-rejoices-over-revenues-increase-news12810