Portugal's tourism revenues up 26.1% in the year to July

15-09-23

Revenue in Portugal's tourism sector in the first seven months of the year grew by 26.1 % compared to the same period in 2022, to 3,234.8 million euros, with 42.8 million overnight stays, up 14.8 %.

This growth occurred despite the slowdown recorded in recent months, as revenues in July increased by 10.6 %, compared to 13.8 % in June, according to data released today by Portugal's National Statistics Institute (INE).

Moreover, compared to the period from January to July 2019, before the pandemic, tourism receipts grew by 38.9 %.

Between January and July, 42.8 million overnight stays were recorded in tourist accommodation establishments, 14.8 % more than in those months of 2022.

This increase was mainly driven by the number of nights spent in the country by non-resident tourists, which rose by 19.4 %, while overnight stays by locals grew by 5.2 %.

The number of guests reached 16.8 million, an increase of 17.6 % compared to the first seven months of the previous year.

The average room occupancy rate from January to July was 56 %, almost five percentage points higher than a year earlier, and the average stay stood at 2.55 nights.