Hotel revenue in Portugal rose 10.6% from January to October

According to the statistics on tourist activity released by Statistics Portugal (INE) today, the growth in revenue from January to October reflected the 3.7% increase in overnight stays in this period, with overnight stays by non-residents growing by 4.8%, while those by residents recorded lower growth (+1.2%).

In the period, the average revenue per available room (RevPAR) was €74.20 and the average revenue per occupied room (ADR) was €123.50, corresponding to year-on-year growths of 6.7% and 6.5%, respectively.

Looking only at October, INE reports a slowdown in year-on-year growth in revenue: total revenue came to €644.1 million and revenue from accommodation rose to €490.2 million, reflecting increases of 9.9% and 10.7%, respectively (+11.8% and +12.4% in September, in the same order).

In October, Greater Lisbon was the region that contributed most to overall revenue (33.9% of total revenue and 36.5% of revenue from accommodation), followed by the Algarve (23.0% and 21.2% respectively) and the North (16.8% and 17.4%, in the same order).

All regions recorded revenue growth, with the largest increases occurring in the Autonomous Region of the Azores (+18.5% in total revenue and +20.7% in revenue from accommodation) and Madeira (+16.0% and +17.7%, respectively).

Revenue growth was also transversal to the three accommodation segments in October: In hotels, total revenue and revenue from accommodation (87.4% and 85.8% of total tourist accommodation, respectively) increased by 9.7% and 10.7%, in the same order, while AL (local accommodation) establishments saw increases of 11.9% and 11.1% (shares of 9.0% and 10.7%, respectively).

Rural and residential tourism (with a 3.5% share of both) grew 11.4% and 10.0%, respectively.

In the month under review, the tourist accommodation sector recorded three million guests (+3.%) and 7.6 million overnight stays (+2.5%).

The municipality of Lisbon accounted for 19.6% of total overnight stays in October, reaching 1.5 million (+1.6%, maintaining the growth recorded in September), with overnight stays from residents falling by 3.2%, while those from non-residents growing by 2.4%. This municipality accounted for 22.7% of all overnight stays by non-residents.

Albufeira was the second municipality with the highest number of overnight stays (800,000 overnight stays, weight of 10.6%) and decreased 2.3% (+0.2% in September). Overnight stays from residents and non-residents fell by 2.4% and 2.3%, respectively, with this municipality accounting for 12.5% of total overnight stays from non-residents in October.

In Porto, there were 629,200 overnight stays (8.2 % of the total), an increase of 4.1% (+1.8% in September), with the contribution of overnight stays from residents (+11.9%) and non-residents (+2.9%).

In turn, Funchal (555,900 overnight stays, weight of 7.3%) grew by 1.2% (+1.4% in September), as a result of increases in both markets (+7.7% in residents +0.2% in non-residents).

In all 10 municipalities with the highest number of overnight stays in October, overnight stays by non-residents exceeded those by residents.

Among the municipalities with the highest number of overnight stays in October, INE highlights Ourém (2.1% of the total) and Portimão (3.8% of the total) with the biggest increases (+10.7% and +9.7%, respectively).

In October, RevPAR stood at €74.90 (+7.%), and ADR reached €118.50 (+6.3%), with the latter indicator reaching its highest value in Greater Lisbon (€170.90), followed by the North (€114.40), Madeira (€109.70) and the Alentejo (€105.60).

Considering all means of accommodation (tourist accommodation establishments, campsites, holiday camps and youth hostels), there were 3.1 million guests and 8 million overnight stays in October, reflecting 3.1% and 1.9% growth, respectively.

Overnight stays by residents fell by 0.7%, and those by non-residents grew by 2.9%.

LUSA