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 [...]
The number of tourists and nights stayed in hotel and guest house accommodation in the Algarve in June fell below expectations. In fact, it was the only region in the country that registered [...]
The boutique hotels company Once Upon a House (OUH) led by Bernardo Holstein Guedes, is planing to open more hotels — in Lisbon, Arrábida and Melides. The company which specialises in creating [...]
Hard Rock International has announced plans to open a Hard Rock Hotel in the Algarve in partnership with Mercan Properties. The new development close to Praia do Vau in Portimão is part of the [...]
Hotels and guest accommodation in the Algarve have registered record room bookings not seen since the start of this century for the month of May. May 2023 was a record for total average [...]
The tax levied on tourists by hotels and accommodation raised €21.4 million of which €13.6 million was from Lisbon. The amounts represent a 61% increase like-for-like on 2022 while they revenues [...]
The Portuguese Hotel, Hospitality and Tourism Association (APHORT) has become a member of HOTREC, the confederation that represents the voice of the hotel sector, restaurants and tourism sector [...]
In the first four months of the year investment in tourism assets stood at €20 million. Despite the year getting off to a slow start, consultants insist that overseas investors have the appetite [...]
Portugal’s tourism sector saw revenues grow by 60.3% in February like-for-like on 2022, posting 1.7million guests (+33%) and 4 million (+38.5%) overnight stays. Total revenues stood at €245.7 [...]
