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        Tourism

         New record set for inbound flights in July
        0
        By Christopher Graeme
        In Aviation, News, Tourism
        Posted 15 Setembro, 2023

        New record set for inbound flights in July

        A new record of 7 million passengers passed through Portugal’s airports in July this year, 10.8% above 2019 and a 12.5% increase on July 2022. July saw a total daily average passenger arrival [...]

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         Tourism revenues slow
        0
        By Christopher Graeme
        In Hotel, News, Tourism
        Posted 15 Setembro, 2023

        Tourism revenues slow

        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 [...]

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         25 years of Parque das Nações – how Expo ‘98 led to Portugal redefining its legacy with the oceans
        0
        By Christopher Graeme
        In American Club of Lisbon, News, Special Features, Tourism
        Posted 15 Setembro, 2023

        25 years of Parque das Nações – how Expo ‘98 led to Portugal redefining its legacy with the oceans

        A Danish ambassador, who had been selected to work for the UN lecturing on, reviewing and studying international exhibitions, once said that the urban regeneration project at Parque das Nações in [...]

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         LA owners don’t want long term rentals
        0
        By Christopher Graeme
        In Local Accommodation, News, Rental market, Tourism
        Posted 13 Setembro, 2023

        LA owners don’t want long term rentals

        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 [...]

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         Grupo Pestana buys Vila Sol resort for €43 million
        0
        By Christopher Graeme
        In Asset Management, News, Reports, Tourism
        Posted 11 Setembro, 2023

        Grupo Pestana buys Vila Sol resort for €43 million

        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 [...]

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         Arrow in Palmares acquisition plan
        0
        By Christopher Graeme
        In Asset Management, News, Resorts, Tourism
        Posted 11 Setembro, 2023

        Arrow in Palmares acquisition plan

        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 [...]

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         Blackstone buys Cascade Wellness Resort
        0
        By Christopher Graeme
        In News, Real Estate, Resorts, Tourism
        Posted 6 Setembro, 2023

        Blackstone buys Cascade Wellness Resort

        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 [...]

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         Government’s 2.7% growth target may evaporate
        0
        By Christopher Graeme
        In Economy, News, Tourism
        Posted 1 Setembro, 2023

        Government’s 2.7% growth target may evaporate

        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 [...]

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         Hotel prices up 70%
        0
        By Christopher Graeme
        In Hospitality, Hotel, News, Tourism
        Posted 28 Agosto, 2023

        Hotel prices up 70%

        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 [...]

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         TAP elected Europe’s favourite airline
        0
        By Christopher Graeme
        In AWARD, News, TAP, Tourism
        Posted 18 Agosto, 2023

        TAP elected Europe’s favourite airline

        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 [...]

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