Tourism revenues up 38.3% on 2019

 In Hotel, News, Tourism

Tourism registered €2.5Bn in total revenues for the first half of 2023, most of this amount (€1.9Bn) were revenues made from overnight stays. These increases were on the back of an increase in overnight stays, with the average price per night in Lisbon at €152,6 and in the North, €113 — the highest values of the last five years.

“The average revenue per available room (RevPar) stood at €78.1 and the average revenue per occupied per room was €121.1 (+11.6% and +11.7%) respectively)”, the National Statistics Institute Revealed on Monday.
“In relation to June, 2019 there were increases of 25.8% and 26.1% respectively. In the Lisbon and Porto Metropolitan Areas the average spend per occupied room achieved new record maximums (€152.6 and €113, respectively)”, sates the INE.
The data released shows that compared to 2019, the period before the pandemic, total revenues for the sector grew 38.3% and overnight stays up 41.7%. The increase in tourism revenues has come at a time of a general increase in prices, with the average price per night in a hotel or guest house reaching €123.1, up 26.1% on the amounts seen in 2019.
In addition to prices per night in Lisbon and the North, which in June grew 16% and 12.4% respectively, hitting records not seen since 2017. Prices in the Algarve rose 7.7% on the like-for-like period, fixing at €130.9.
In the Alentejo, prices rose 2.6% to €114.4, while in the Central Region of Portugal overnight stays were 9.8% more expensive than last year, reaching €76.8.