Revolut, a financial application popular in the travel segment, is to open a branch office in Portugal and is applying for a national IBAN. In an interview with the news agency Lusa, Rúben [...]
Figures from Portugal’s national statistics institute (INE) reveal that the number of overnight stays by UK visitors has increased by 39.5% in 10 years from 7,095,996 in 2013 to 9,901.272 in [...]
Portugal managed to achieve positive external accounts in 2023, posting an overseas surplus of €7.2Bn after a deficit in 2022. It was the highest ratio since 2013 according to the Bank of [...]
By Michael Bruxo (Portugal Resident) with additional reporting by Chris Graeme (Essential Business) André Jordan, the mastermind behind Quinta do Lago and considered by many to be one of the [...]
The company that operates Portugal’s airports, ANA – Aeroportos de Portugal, says it is “extremely concerned” at suppositions made by the Independent Technical Commission (CTI) appointed by [...]
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 [...]
Portugal should do a better job of attracting more US companies to set up in Portugal as well as investing more in marketing to attract more tourists. That is the opinion of Tony Cabral, a US [...]
Portugal has closed 2023 with a record 77 million overnight stays and €25Bn in tourism revenues. Writes Expresso, growth in overnight stays was up 10% and revenues up 37% on 2019, with a [...]
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 [...]
