Details – Hotels and Resorts, the new operator of the Vale da Lapa resort formerly owned by Oitante, says it will inject a €2 million investment package into the project in order to make [...]
The tourism and tourism-related property development sectors in Portugal have been hard hit by the Covid-19 crisis, but there is room for cautious optimism providing the government opens up the [...]
The ratings agency Standard & Poor’s have cut the rating of Portugal’s national airline TAP to the sixth level of ‘junk’ status. Standard & Poor’s have cut the financial rating of six [...]
The Algarve residential market will gradually recover from the Covid-19 crisis with the region expected to remain as popular as ever. However, technology and client-centric products and services [...]
The Algarve is being viewed as a ‘Covid-safe’ destination at a time when the number of people looking to book summer holidays is surging, despite all the uncertainty related to the pandemic. It [...]
VIC Properties is to invest up to €500 million in the purchase and renovation of Herdade do Pinheirinho. The estate covers a 200 hectare parcel of land will include hotels, detached villas, [...]
Portugal’s infrastructure minister has thrown the gauntlet down to the private shareholders of national airline carrier TAP to reveal how much the company actually needs to survive. Pedro Nuno [...]
Almost 80% of hotels and tourist accommodation suffered cancellations in bookings for the period March to August. According to TV news channel RTP 1, most of the cancellations were made by [...]
Life won’t be returning to normal until a coronavirus vaccine is found. It’s a statement that is being repeated across the globe and was one of the focal points of a webcast held on Thursday, [...]
Portugal’s Real hotels group has been bought by a Portuguese entrepreneur for €300 million. The former COO of Yahoo and current independent board director of bank Santander, entrepreneur Henrique [...]
