The Real Hotels Group has announced the acquisition of the hotels in the Grupo Amazónia Hotéis, as well as the respective hotel operation. The Grupo Amazónia Hotéis, founded in 1990, currently [...]
NH Hoteles has acquired five hoteles in Portugal held by its largest shareholder, the Thai group Minor for €133.2 million. According to the Spanish stock market regulator CNMV the operation had [...]
The Spanish hotel group Barceló has been awarded the ‘Best Hotel Management Company in the World’ at the World Travel Awards 2023. The hotel chain, which had won this award in the 2019 and 2021 [...]
Hotelverse, a Spanish startup that aims to revolutionise the existing online hotel room booking model, has brought its operations to Portugal. Created in 2021 by Fermín Carmona and Rafael Bova, [...]
The Vila Foz Hotel & Spa is a romantic and lovingly restored timepiece from a gilded age whose maritime tasting Michelin menus by Chef Arnaldo Azevedo are a delight. Essential Business [...]
The President of the Portuguese Hotel Association (AHP) says that the ECB’s decision to put up interest rates will have effects on Portugal’s tourism industry. In an interview with Antena 1 and [...]
In a clear sign that holidaymakers have rethought their holiday plans this year because of recessionary fears, Portugal saw tourism revenues fall for the sixth consecutive month this year. Since [...]
Portugal is the country in Europe which has experienced the greatest increase in hotel room prices since 2021 according to the business daily Negócios. The conclusion is taken from a study by the [...]
Investment in hotels in Portugal has grown double digits despite a generalised downturn in the rest of Europe. In the first six months of 2023 alone investment grew by €300 million with [...]
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 [...]
