Portugal‘s tourist accommodation sector saw notable growth in February 2024, new data from Statistics Portugal has found.
The tourist accommodation sector hosted 1.8 million guests in the month, a 7.0% increase on the previous period, with 4.3 million overnight stays, reflecting a 6.4% rise.
This generated €276.4 million in total revenue, a notable increase of 13.0%, with €202.1 million stemming specifically from accommodation, up by 13.1%.
Average revenue per available room (RevPAR) rose to €37.80, a 4.5% increase, the data showed while the net bedroom occupancy rate (ADR) reached €83.80, up by 6.0%.
The greater Lisbon region and Madeira reported saw the highest ADR values, hitting €107.80 and €85.60, respectively.
Lisbon leads the way
Lisbon represented 24.3% of all overnight stays in February, with 12.1% from residents and 30.3% from non-residents.
Both Lisbon and Porto experienced notable growth, with overnight stays increasing by 8.3% and 10.5%, respectively.
From January to February, there was a 3.3% increase in overnight stays, totalling 7.7 million, with a significant portion attributed to non-residents, reflecting a 4.9% increase. This period also witnessed an 11.2% rise in total revenue and a 10.8% increase in revenue from accommodation.
Accommodation types
Considering all types of travel accommodation options, including tourist accommodation establishments, camping and holiday camps, and youth hostels, February 2024 recorded 1.8 million guests and 4.6 million overnight stays, up by 6.6% and 5.8%, respectively.
Overnight stays by residents increased by 2.7%, while those by non-residents saw a more significant growth of 7.4%.
These positive outcomes were partly influenced by the leap year structure of 2024, with February having 29 days instead of 28, as in 2023.
Read more: What is the most popular European city in which to get engaged?
