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"TAP will finish up in BA-IAG,” predicts Michael O'Leary, the CEO of Ryanair. TAP, Portugal’s state-owned flag carrier airline, is targeted for an outright or partial sale by British Airways owner IAG, by Lufthansa and by Air France-KLM (AIRF.PA) according to Reuters on January 19th. Bernstein analyst Alex Irving states that TAP is a prime target as: “This may be the next step in European airline consolidation.” Reuters states that the Portuguese government, which owns TAP, has said that it is considering an outright or partial sale of the business. German business daily Handelsblatt has reported that Lufthansa CEO, Carsten Spohr, mentioned at an internal company event that TAP could be an option for more long-haul business with South America. Reuters reports that German airline Lufthansa's (LHAG.DE) bid for a minority stake in Italy's ITA Airways has ignited talk of further potential sector consolidation as the industry seeks to plot a more profitable post-pandemic recovery. However, it could take months before the ITA Airways-Lufthansa deal is finalized, making it unlikely that Lufthansa will move ahead with further deals any time soon, a company source said. Source: https://www.portugalbusinessesnews.com/post/tap-will-be-bought-by-ba-owner-iag-says-the-ceo-of-ryanair #TAP #TAPsale #TAPIAG #Ryanair #MichaelOLeary #Bernstein #AlexIrving #IAG #Lufthansa #AirFranceKLM #Reuters #Europeanairlineconsolidation #Handelsblatt #CarstenSpohr #portugalnews #portugalbusinessnews

How Millennials drive E-Commerce sales to French customers is the study published by FEVAD. Online sales between enterprises in France have grown by 19.6% compared to 2021 and generate revenues that are 1.5 times higher than B2C sales. The data confirms the growing trend towards B2B e-commerce in France that nearly doubled within the last five years. This paradigm shift is mostly due to millennials who are today’s B2B online buyers. According to FEVAD, millennials account for 73% of professional buyers and are driving this revolution towards B2B e-commerce. Since these consumers usually buy online, it is natural for them to do this in the professional arena. The study highlights that 50% of online B2B buyers believe that a personalized digital experience is mandatory for finding suppliers. 75% of online B2B buyers prefer to manage their own buying process rather than going through intermediaries and 80% of such buyers just use a smartphone to buy online. Given this new landscape, online players have registered a rapid growth in B2B e-commerce in France, especially for players such as Amazon Business, C-Discount Pro, FNAC Pro, Manutan, Direct Industry, Hello Pro, Manomanopro and Ankorstore. This new trend shows how Portuguese companies can generate higher revenues by targeting millennials on the B2B market through mobile applications. Source: https://www.portugalbusinessesnews.com/post/how-portuguese-companies-can-target-millennials-to-drive-b2b-sales #Millennials #B2Bsales #FEVAD #ecommerce #onlinesales #AmazonBusiness #CDiscountPro #FNACPro #Manutan #DirectIndustry #HelloPro #Manomanopro #Ankorstore #portugalexports #portugalnews #portugalbusinessnews

Portugal’s Passport Ranks 6th Most Valuable Globally in the Henley Passport Index. Ranked No. 1 most valuable passport globally is Japan with a visa-free score of 193 destinations that the holder can access visa-free. Ranked 2nd, come both Singapore and South Korea with a visa-free score of 192 destinations. Ranked 3rd, come the passports of Germany and Spain with a visa-free score of 190 destinations. In the 4th place, come the passports of Finland, Italy and Luxembourg with a visa-free score of 189 destinations. Ranked 5th, are the passports of Austria, Denmark, Netherlands and Sweden with a visa-free score of 188 destinations. At the 6th place, come the passports of France, Ireland, Portugal and the United Kingdom with a visa-free score of 187 destinations that the holder can access visa-free. Source: https://www.portugalbusinessesnews.com/post/portugal-s-passport-ranks-6th-most-valuable-globally #portugalpassportranking #HenleyPassportIndex #portugaltravel #portugalresidency #portugalcitizenship #portugalnews #portugalbusinessnews

The New York Times bets on Portugal’s Hydro Future in an article that describes a dam in rural Portugal being the key to the world’s new alternative future. The New York Times’ Quotation of the Day on January 13th mentions David Rivera Pantoja who describes Portugal’s giant hydro project: “This is my Pyramids.” David Rivera Pantoja is a Project Manager who has spent the last 15 years working on a vast hydro-electric project that is reshaping a rugged river valley in Portugal. In Ribeira de Pena in Portugal, when the electricity system needs a boost, a signal activates a power plant buried deep into a hillside in the country’s scrubby, pine-covered north. Inside the human-made cavern, valves suddenly open, allowing water draining from a reservoir 6.5 km away to begin streaming through four massive turbines. At full power, they generate enough electricity to rival a nuclear reactor. According to The New York Times, this is the heart of a vast hydro-electric project that is reshaping a rugged river valley about 100 km east of Porto, Portugal’s second-largest city after Lisbon. Besides the underground power plant, Iberdrola, the Spanish energy giant, has built three dams in the area that sprawl over nearly 10 square kilometers. But the EUR 1.5 billion complex of tunnels and water is not just massive, but also provides an answer to one of the most vexing questions the world is facing in terms of renewable energy today: “Hundreds of billions of dollars are being spent across the globe on solar energy and wind power. But when the sun goes down, or the breezes become still, where will the electricity come from?” Iberdrola’s giant project, which uses water and gravity to generate power on demand, is part of the solution. Portugal’s Hydro Future is the key to a global renaissance in the energy sector. What has changed in countries such as Portugal is the rapid growth of clean sources of energy such as wind and solar farms. While these technologies churn out electricity free of greenhouse gas emissions, they generate an energy stream that is less steady than a traditional power plant fueled by coal, natural gas, or a nuclear reactor. However, according to Fabian Ronningen, an analyst at Rystad Energy, “You can’t have just solar and wind, you need something to balance.” Tapping a reservoir and using its water to spin underground turbines allows engineers to create renewable energy on demand. A facility such as Portugal’s Tâmega river power-plant stores energy in the form of water when the wind is blowing hard or on sunny days, but lets it flow when other forms of energy are more expensive. Iberdrola executives say plans by governments in Europe and elsewhere to increase wind and solar energy mean more demand for facilities like the one on the Tâmega river. Pumped storage plants can also provide, in essence, energy insurance to install even more sources of clean energy to tackle climate change. Iberdrola is also planning to install a large wind farm in the same region. Because pumped storage plants are so useful for keeping a power grid humming, they are finding favor in many countries, including China, India and Australia. Several proposals are also being implemented in the US. “This was quite an exceptional project,” said Martin Burdett, News Editor of the International Journal on Hydropower and Dams. While construction continues at the facility, the underground power plant is already operating. The turbines are switched on and off from Madrid, where Iberdrola is based. As a system that can reuse water, it is proving more resilient in times of drought than conventional dams. And so it came to be, that after 15 years, Rivera is nearing completion of his Portuguese Pyramids. In the future there may not be many more projects in Europe as huge as this one. Burdett, of the International Journal on Hydropower and Dams, stated that depleted mine shafts and excavations near the sea were now being considered as alternatives to damming up rivers. Source: https://www.portugalbusinessesnews.com/post/the-new-york-times-bets-on-portugal-s-hydro-future #NewYorkTimesPortugalHydroFuture #NewYorkTimes #DavidRiveraPantoja #RibeiradePenapowerplant #renewableenergyportugal #greenenergyportugal #cleanenergyportugal #Iberdrola #FabianRonningen #RystadEnergy #MartinBurdett #InternationalJournalonHydropowerandDams #portugalnews #portugalbusinessnews

The predictions for Portugal-China Cross-Border Trade in 2023 according to Alvin Liu, President of Alibaba’s B2C Retail Business Group, take into account what China’s reopening means for cross-border retail. Mr. Liu believes that brands should tell their stories to the Chinese market and cites the example of centuries-old wineries in Portugal’s Porto region that are mostly unknown in China. He underlines that, “because China’s population is enormous, even brands that serve a small category overseas have a potentially huge market here.” Mr. Liu predicts that EU-China Cross-Border Trade will increase in 2023 through the use of new technologies that offer more immersive shopping experiences. He explains that “for example, we are talking with a makeup company that wants to use augmented reality to allow customers to see their products. We can also work with partners selling products from shoes to watches to improve customer experience.” According to Mr. Liu, Alibaba “will definitely take advantage of livestreaming and short videos to help European brands with their content marketing.” Other opportunities that will increase cross-border trade include the Tmall Luxury Pavilion which works with the world’s largest luxury houses, such as British fashion house Burberry that leveraged its data to create a private digital salon focused on luxury coats. Although Chinese consumers could play a vital role in helping international brands weather a challenging 2023, winning them over is becoming harder as many Chinese companies can now offer products that are as good as or sometimes better than foreign ones, at a more competitive price. They are also generally better acquainted with their customers and are often able to react faster to trends in order to make bolder investments. Mr. Liu predicts that, in 2023, global brands with strong Green credentials will do especially well, as will those that can offer a lifestyle upgrade. With China’s reopening, more brands will target Chinese tourists and retaining clients once they return home will be key. Mr. Liu predicts that the return of quarantine-free travel from Jan. 8th will give Chinese travelers a chance to discover a smorgasbord of overseas brands. “When China reopens, Chinese tourists will be back in Europe and they will be exploring more local products,” says Alibaba’s President of B2C Retail Business. Before the pandemic abruptly cut off international travel, Chinese departures topped 154.6 million in 2019, up from 10.5 million in 2000 according to the World Bank as China’s wealthy middle class expanded its horizons. With Chinese borders re-opening, the money at stake for B2C Retail Business is substantial. The value of Chinese outbound tourism spending on shopping in 2019 was $54.7 billion, according to Euromonitor International, a market research provider. As Chinese tourists return, merchants are exploring how to best meld shoppers’ experience from brick-and-mortar stores to buying digitally and some are turning to the metaverse. “We are working with our partners to develop a new kind of customer journey that is both online and offline,” said Mr. Liu, whose portfolio of businesses at Alibaba includes Tmall Global, China’s largest cross-border online marketplace, where retailers without operations in China can build virtual storefronts and ship products into China. Consumer brands have reason to be optimistic as the demand for international products in the vast Chinese market has continued to grow throughout the pandemic, even with China’s borders virtually closed. Imports of consumer goods rose nearly 19% to $248 billion in 2021 and gained a further 11.1% year-on-year in the first half of 2022. China’s consumer e-commerce imports have been buoyed by favorable government policies, including the establishment of comprehensive pilot zones for cross-border e-commerce, through which goods can be imported with lower tariffs and regulatory barriers. There are now 165 such zones across China and the list of imported products continues to expand in response to strong demand from Chinese consumers. There is growing demand for new types of consumer goods such as fresh and dry food products, cosmetics, garments, furniture, white goods as well as electronics. Alibaba’s cross-border import marketplaces Tmall Global and Kaola, which together account for over 60% of cross-border e-commerce retail sales in China, provide insights into what brands around the world can expect from Chinese consumers in 2023. Mr. Liu also predicts continued growth in specific categories in 2023, such as outdoor pursuits and pet care supplies due to the fact that nearly three years of lockdowns have driven millions of Chinese consumers to explore outdoor activities; including camping, picnics, skiing and fishing. As an example, this has led to a more than 700% jump in the value of retail imports of skiing equipment. Chinese consumers are interested in high-end products and they research the brands and products they purchase more thoroughly than in any other market, according to McKinsey. They are tech-savvy buyers who know how to educate themselves through social media and other online channels. Source: https://www.portugalbusinessesnews.com/post/predictions-for-portugal-china-cross-border-trade-in-2023 #PredictionsPortugalChinaTrade2023 #AlvinLiu #AliBaba #AlibabaB2CRetailBusinessGroup #crossborderretail #immersiveshopping #contentmarketing #TmallLuxuryPavilion #digitalsalon #ecommerce #Chineseconsumers #Kaola #portugalexports #portugaltrade #portugalnews #portugalbusinessnews

EDP Renewables has started operating its first international hybrid solar and wind energy park on the Iberian Peninsula. This new hybrid park will increase Portugal’s share of renewable energy on the electrical grid. The Mina de Orgueirel Solar Plant in Portugal is located next to the Mosteiro Wind Park and allows for the implementation of a hybrid electricity production complex. The new solar plant has a capacity of 8.4 MW with over 17,000 bifacial solar panels, while the wind park has 8 turbines and a capacity of 11 MW. The hybrid project can reach a capacity of 39.5 GWh yearly, that is enough to produce renewable energy for 30,000 people while reducing CO2 emissions by 18,000 tons yearly. According to Duarte Bello, EDPR executive director for Europe and Latin America, this hybrid renewable energy park strengthens their commitment towards energy transition as EDPR intends to increase investments in hybrid energy parks in Portugal as well as in other regions. The hybrid use of wind, solar and water technologies is a major growth factor in the energy sector as it provides for increased efficiency and cost stability with the use of existing electrical infrastructure, while reducing the environmental impact. EDPR has over 1600 MW hybrid projects in Spain and Portugal that are now in the development phase and that are expected to be operational within a few years. The company has similar projects in all regions world-wide, with hybrid parks being developed in North and South America and in other European countries including Poland, Italy and Greece. The Group has pioneered the development of hybrid renewable energy projects and has also started operating Europe’s largest floating solar park located in a hydro-power plant in Alqueva, Portugal. The energy generated by almost 12,000 photovoltaic panels in Alqueva will supply electricity to more than 30% of the population in southern Portugal. Source: https://www.portugalbusinessesnews.com/post/first-hybrid-energy-park-on-iberian-peninsula #hybridenergypark #EDPRenewables #hybridsolarandwindenergypark #renewableenergyportugal #MinadeOrgueirelSolarPlant #MosteiroWindPark #DuarteBello #Europelargestfloatingsolarpark #greenenergyportugal #portugalnews #portugalbusinessnews

Portugal, Spain and the UK collaborate towards Open Constellation small satellites that will be launched throughout 2023 and 2024. The Open Cosmos MENUT, that is part of the Open Constellation satellite infrastructure built and managed by Open Cosmos, will be launched during the Transporter rideshare mission. Countries, institutions and companies are able to contribute their own satellites to create the world’s biggest mutualized constellation. Open Cosmos-built SmallSats, contributed by leading space organizations in the UK, Spain and Portugal for OpenConstellation, are already being built and will be launched throughout 2023 and 2024. Portugal’s contribution for individual Earth Observation (EO) constellations towards the global Open Constellation will drive participation from companies, organizations and governments. Open Cosmos provides data-sharing through its platform that was launched in 2022 and is able to draw Earth Observation data from the Open Constellation satellites as well as from other satellites, drones and ground-based sensors. Open Cosmos is a rapidly rising star in both the UK and European space industries as well as in the New-Space industry globally. The MENUT infrastructure includes a launch vehicle that was deployed under a sun-synchronous orbit (SSO) by Exolaunch through its EXOpod Nova deployment system that enables a wide array of nanosatellite designs. According to Aleix Megias, VP of Operations at Open Cosmos, the MENUT launch will provide actionable data from space from a revolutionary shared space infrastructure model. Jeanne Allarie, VP Launch at Exolaunch, believes that the goals of Open Cosmos, that are to establish sustainable and easily accessible infrastructure in orbit, are in large part made possible by SpaceX and its ongoing Transporter rideshare missions. Meanwhile, European New-Space companies are planning AI-based space traffic management solutions. There will therefore be no more crash, boom and bang in space! Portuguese company Neuraspace and two other European New-Space companies, Ienai Space and EnduroSat, are collaborating for Europe’s first orbital demonstration of a Collision Avoidance System based on AI. The Space Traffic Management system will provide spacecraft operators with better space traffic data, collision detection algorithms and more efficient propulsion systems. Portuguese Neuraspace and Spanish Ienai Space have signed an MOU to tackle the growing issue of space debris through joint traffic management products. They will provide operators with more effective decision-making for collision avoidance maneuvers for their spacecrafts. In collaboration with EnduroSat, the companies plan to demonstrate their joint collision avoidance capabilities with a mission in 2023. The satellite that is built by EnduroSat will be launched aboard an Isar Aerospace rocket (ISAR 2). Once in orbit, it will be maneuvered by Ienai’s ‘Athena’ thrusters. The warnings and suggestions will be generated by Portuguese Neuraspace’s AI/ML (machine learning) driven Space Traffic Management solution. EnduroSat and Neuraspace are both early adopters of the Space Sustainability Rating which encourages and rewards space actors who enforce sustainable space missions with a unique rating system. The new Portugal-Spain partnership will demonstrate that Space Traffic Management can and should be a regular feature of commercial space, according to Daniel Pérez, CEO of Ienai Space. Chiara Manfletti, director at Portugal’s Neuraspace, commented that “space safety and sustainability require urgent and joint action. Neuraspace has set out to be a European-born global star in space traffic management.” Source: https://www.portugalbusinessesnews.com/post/portugal-s-open-constellation-satellites #openconstellationsatellites #OpenCosmos #MENUT #earthobservationconstellations #newspaceindustry #SpaceX #Neuraspace #IenaiSpace #EnduroSat #collisionavoidancesystem #spacetrafficmanagement #ChiaraManfletti #portugalspace #portugalnews #portugalbusinessnews

Portuguese dishes are among the Best Traditional Food in the World according to the Taste Atlas ranking. Portugal’s Clam dish “Amêijoas à Bulhão Pato” prepared by “A Marisqueira de Matosinhos” in Porto ranks 3rd Best Dish in the World, with the Top 2 being the Japanese “Kare” stew, followed by the Brazilian meat cut “Picanha”. More Portuguese dishes appear in the Best Traditional Food in the World ranking, with pork dish “Carne de porco à Alentejana” prepared by Tasca do Celso in Vila Nova de Milfontes being at the 25th place, chicken dish “Frango assado com piri piri” prepared by Restaurante O Teodósio” in Guia being at the 34th place and pork dish “Leitão da bairrada” prepared by Pedro dos Leitões in Mealhada at the 89th place. It is advisable to add a pleasant tasting experience to any New Year’s Resolutions List in order to sweeten the road ahead and Portugal is in the Top 3 destinations where tasting the traditional cuisine is essential. Source: https://www.portugalbusinessesnews.com/post/portuguese-dishes-best-in-the-world #portuguesedishes #portuguesecuisine #besttraditionalfoodintheworld #TasteAtlas #AmêijoasàBulhãoPato #Portugueseclamdish #AMarisqueiradeMatosinhos #TascadoCelso #RestauranteOTeodósio #PedrodosLeitões #top3bestdishes #portugalnews #portugalbusinessnews

Portugal’s Prime Minister described a new Start-up Law on December 22nd. According to the new Start-up Law, Start-ups are defined as being micro, small and medium enterprises that use an innovative business model with a technological base and that have a high-growth potential. Under this definition, Start-ups and Scale-ups have similar characteristics with the latter being larger. Such businesses play a fundamental role in the digital transformation of enterprises and lead to a paradigm shift towards innovation and an improved knowledge base. This is why it is important to develop a regulatory framework that provides incentives for enterprise creation in line with the Government’s Programme and with the Ministerial Declaration on EU Startup Nations Standard of Excellence signed by the Government under the 2021 Portuguese Presidency of the EU Council. The new Start-up Law lays-out the legal definition as well as the goal that is to promote the national ecosystem for entrepreneurship. This includes defining specific investment policies and is linked to the Taxation system. The regime is based on share options plans which are central to attracting professionals who are qualified in the field of new technologies that are highly relevant to the Start-up system in the launch phase. The new Taxation system will ensure that taxation only occurs when the income is effectively received and will guarantee that workers will only be taxed when the transfer of shares is completed. Portugal’s new Start-up Law is in line with the most efficient legislations at EU level, thus ensuring the best conditions for the creation and development of Start-ups in the Tech sector as well as in the field of disruptive technologies. The Law will foster an economy that is aimed at high growth in the fields of digitalization and innovation. Source: https://www.portugalbusinessesnews.com/post/portugal-s-new-start-up-law #Portugalstartuplaw #portugalstartuptaxation #portugaltech #portugalnews #portugalbusinessnews

President Biden signed the US-Portugal legislation under the National Defense Authorization Act on December 23rd, in order to boost trade and investment. The Advancing Mutual Interests and Growing Our Success (AMIGOS) Act makes Portuguese nationals eligible for Trade and Investor temporary entry visas. This new Law will also strengthen the economic ties between Portugal and the US. Although most European countries had pre-existing bilateral investor treaties with the United States before joining the EU, Portugal was not a treaty-county. However, Portugal is an important cultural and business partner of the United States, as bilateral trade with Portugal reached $8.9 billion in 2019, that is a six percent increase compared to the previous year. According to US Congressman Cicilline, the thriving Portuguese-American community in the US, and especially on Rhode Island, has made rich contributions to the fabric of society in various sectors including arts, culture, business, and public service. Therefore, the Act aims at breaking down barriers that currently limit Portuguese investments in American businesses and will also grow an already strong relationship between the two countries. The U.S. Citizenship and Immigration Services (USCIS) website states that the E-1 non-immigrant visa allows a national of a country with which the United States has a Trade treaty to obtain a 2-year Business Visa when investing in a U.S. business. Qualified treaty investors and employees may request an extension of stay, which may be granted in increments of up to two years each, while there is no limit to the number of extensions that can be granted. Source: https://www.portugalbusinessesnews.com/post/biden-signs-us-portugal-legislation #USPortugal #PortugalUS #USPortugallegislation #NationalDefenseAuthorizationAct #AMIGOSACT #USPortugaltradeandinvestment #portugalnews #portugalbusinessnews

Portugal is one of the countries with the highest crypto-asset trading volume as it ranks 8th out of 31 countries. The volume of crypto-assets traded between June 2021 and June 2022 shows a growth of nearly 5%, reaching around € 30 billion according to Chainalysis. This volume accounts for 14% of Portugal’s GDP in 2021. Since April 2021, Portugal’s Central Bank, Banco de Portugal, is regulating entities that trade virtual assets such as cryptocurrencies in order to prevent money-laundering and financing terrorism. As from January 1st, 2023, the new tax regime on cryptocurrencies will be enforced. Portugal has attracted a large number of investors in the field of crypto-assets and is a growing market for crypto exchange-traded funds. Portugal’s FinTech ecosystem attracted over €1 billion in total funding and is attracting major international players. In Lisbon only, Tech Start-ups are worth EUR 21.4 B in 2022 compared to EUR 816 M in 2016 according to a new report by Dealroom. Portugal’s Fintech ecosystem is attracting important players in decentralized finance and in the cryptocurrency sector. Since 2021, the first Fintech trading in cryptocurrencies to be registered by Portugal’s Central Bank, Criptoloja, allows for deposits and withdrawals in Euros. Portuguese Fintech Criptoloja makes it possible for clients to buy, sell, receive and send Bitcoins and other crypto-currencies. Pedro Borges, one of its founders, believes that Portugal’s cryptocurrency market is developing. Criptoloja is now launching its new product, virtual currency tokens that represent tradeable assets using blockchain technology. While Crypto coins allow individuals to make payments using their digital currency, tokens can be used for additional purposes, as they may be used to store value or to make purchases. Tokens can also be bought and sold using cryptocurrencies. In 2023, Portuguese Criptoloja will develop its tokens market and is planning to extend its operations to Spain. The market for virtual assets and crypto-currencies in Portugal is quite new but there is growing demand and a high trading volume as a percentage of GDP. Source: https://www.portugalbusinessesnews.com/post/portugal-s-crypto-market #cryptomarketportugal #cryptotradingportugal #fintechportugal #Criptoloja #cryptocurrenciesportugal #virtualcurrencytokens #portugalnews #portugalbusinessnews

Vogue ranks Portugal’s Douro at the 9th place in their newly published list of Best Places to Travel in 2023. Portugal’s Douro is trending and is considered one of the best destinations worldwide for 2023. According to Liam Hess, Portugal’s Douro Valley is a must-see for travelers who are looking for some of the most eye-popping scenery in all of Europe with its lush, dramatic slopes at just over an hour’s drive from Porto in northern Portugal. The drive will take you along narrow, snaking roads that descend from the mountains where it feels like entering another world entirely. The drive will take you through the idyllic vineyards and charming villages that dot its hillsides. The Douro Valley wine region, with its delicious wine and breathtaking scenery, will carry you to a place with timeless beauty that is full of history. Its ancient pilgrimage town of Lamego is renowned for its grand tiled staircases and majestic churches while the countryside blends in with luxury properties such as the Six Senses. According to Vogue, Portugal’s Douro valley is a place to kick back, relax, and enjoy the good life, Portugal-style. Vogue ranks 12 Best Places to Travel worldwide in 2023, highlighting Guatemala, Yukon Territory in Canada, the Arctic, Málaga in Spain, Benguerra island in Mozambique, Basilicata in Italy, Japan, Edinburg in Scotland, the Douro Valley in Portugal, Singapore, Patagonia National Park in Chile and Rome. So, if you are wondering what are the best places to travel to in 2023, these are the destinations that are recommended by Vogue’s panel of hospitality experts, with Portugal’s tranquil Douro Valley deemed to be an experience not to be missed. Source: https://www.portugalbusinessesnews.com/post/vogue-ranks-portugal-s-douro-in-its-top-10-best-places-to-travel-in-2023 #VoguerankingPortugal #BestPlacestoTravelin2023 #DouroValley #portugaltourism #portugalnews #portugalbusinessnews #Vogue #Portugal