TOURIST ACCOMMODATION IN PORTUGAL: REVENUE INCREASES 20%

by | Feb 15, 2024 | Alojamento Local, Fiscal

Preliminary data from the National Statistics Institute (INE) released  on February 14th reveal that tourist accommodation activity was at an all-time high in 2023.

The original data in PDF or Excel format can be downloaded here.

The main takeaways from the preliminary data are:

  • 30.0 million guests were registered (13.3% more than in 2022);
  • There were 77.2 million overnight stays, 10.7% more than the previous year (+2.1% for residents and +14.9% for non-residents);
  • 6.0 billion euros of total income were generated, that is, revenue from overnight stays, restaurants and other services associated with the stay (20.1% more compared to the previous year and 40.2% more compared to 2019);
  • 4.6 billion euros of accommodation income was generated, that is, the amount resulting from only the stay itself (+21.3% compared to 2022 and +43.0% compared to 2019.