Income from local tourist accommodation in Portugal more than doubled

Income from local tourist accommodation in Portugal more than doubled - Portugal Business News

Income from local tourist accommodation in Portugal has more than doubled for 2022. Preliminary data from Statistics Portugal (INE) shows that the income from local tourist accommodation has increased by 114.7%, while the number of guests has reached 26.5 million guests, representing an increase of 83.3%.

For 2022, data including all types of local tourist accommodations including camping, holiday camps and youth hostels, shows that there were 28.9 million guests, that is an 80.7% growth and 77 million overnight stays, that is an 80.8% growth.

For the month of December 2022, income from local tourist accommodation in Portugal has more than doubled compared to 2021 and is even higher compared to the same period in 2019 according to Statistics Portugal (INE).

In December 2022, the local tourist accommodation sector registered a 44.2% increase with 1.6 million guests, registering a total income of EUR 252.2 million. Compared to 2019, this represents an increase of 22.9% of total income. The net occupancy rate of bed places in local tourist accommodations was 31.1%, that is slightly lower compared to figures for December 2019 with 31%.

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