The majority of owners of properties rented out to tourists say they are not interested in renting out their apartments to long term tenants to help ease Portugal’s struggling rental market. It [...]
The Grupo Pestana has bought the Vila Sol resort in Vilamoura for €43 million from Santander Asset Management for around €43 million. The hotel group will manage the resort. The deal was [...]
Arrow Global, an asset manager specialising in private credit and real estate assets, is in negotiations to buy the Palmares Ocean Living and Golf resort development in Lagos, Algarve from [...]
The asset management company Blackstone has notified the Portuguese competition authority that it has purchased the Cascade Wellness Resort in Lagos via a Luxembourg based subsidiary Magma [...]
Portugal’s economic growth stalled by the end of the second quarter with less than expected tourism figures for the summer months. A spurt in tourism in the first quarter had given an unexpected [...]
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 [...]
Portugal’s national airline carrier TAP has been voted ‘Europe’s Preferred Airline’ for the sixth year running at the Trazee Awards. The award was handed out by the magazine trazeetravel.com this [...]
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 [...]
