Hotel revenues down 90% in February

Portugal’s tourism accommodation sector fell 70% in February, with a total of 208,200 guests and 472,900 overnight stays, a -86.9% and -87.7% variation on the same month in 2020.

This is according to numbers released by the National Statistics Institute (INE) and referring to the second confinement period. The numbers were only worse in March and April 2020 during the first lockdown in 2020 with falls of -97.4% and -95.8%.
In February, overnight stays fell 74.8% and non-residents fell 94.4%.The net occupation rate per bed was 8.5%, a fall of 26.7%.
As a consequence, total revenues registered for tourist accommodation reached €18.6 million, in a total of €14.3 million in profits income rooms, variations of -90.5% and -89.7%.
The numbers also show that taking all of the tourism accommodation establishments together, the average income per available room was €5.7, down 80.1% than the same period in 2020. The average revenue per room occupied was €47.2 in February, a like-for-like variation of -27.9%.
In the statistics released this week, the INE also emphasised the accumulated results between March 2020 and February 2021. Fo the year the tourist accommodation sector registered a total of 8 million guests and 20 million overnight stays, reflecting falls of 70.9% and 71.7% respectively on the 12 months period prior to March 2020.