Hotel bookings for tourists were down 22.1% in August on 2019 according to the latest figures from the national statistics institute (INE). The sector registered 2.5 million guests and 7.5 [...]
The Ventozelo Hotel & Quinta has been voted one of the best gastro-hotels in the world in the National Geographic Traveller Hotel Award 2021 – the only one in Portugal. The decision by [...]
Holiday room bookings in the Algarve stood at an average of 76.2%, 17.9% below 2019 bookings but 26.9% higher than the take-up rate registered in August 2020. According to AHETA (Algarve Hotels [...]
Despite improvements, Portugal’s tourism sector is still far beyond expectations now that flight restrictions have eased. According to the national statistics institute (INE), both the number of [...]
Crédito Agrícola has bought Porto Palácio Hotel from Sonae Capital for €62.5 million. Sonae Capital sold the hotel to the fund CA Património which is held by Crédito Agrícola. The hotel used to [...]
Algarve hoteliers and restauranteurs are bracing themselves for an influx of British tourists following the UK’s decision to lift all restrictions on resident holidaymakers on their return to the [...]
More than 30% of property investment companies intend to buy up hotels according to a study from Cushman & Wakefield. The findings published in the report ‘Hotel Investor Beat’ show that [...]
The latest anti-Covid-19 restrictions on opening hours announced by the government are having a huge and damaging impact on companies running restaurants and guest houses. This is according to [...]
The Canadian Mercan Group has bought a business centre near Lisbon for €5 million and will transform it into a hotel. Altamira has completed the sale process of the Alfragide Enterprise Centre [...]
The Spanish hotel group Vincci will open a new €29 million 94 room hotel in Vila Nova de Gaia near Porto. The group already has two hotels in Lisbon and one in Porto so this will be its fourth [...]
