Algarve hotel prices up 13% in February, says study

Spending a night in an Algarve hotel is currently 13% more expensive than it was in February 2015. According to Trivago’s Hotel Price Index (tHPI), a tourist should expect to pay €70 as opposed to €62 last year.

But it is in the north of Portugal where hotel prices have increased the most (+15.9%). The centre of Portugal (+7.8%), Alentejo (+6.6%) and the Azores (+4.8%) have also seen prices rising.

Alternatively, spending a night in a hotel in Lisbon (-2.4%) and in Madeira (-4.4%) is cheaper this year.

Taking all this into account, Trivago concludes that hotel prices are up 4% in Portugal, from €75 to €78.

Prices in Peniche have increased the most (+26.1%), followed by the Algarve’s popular holiday hotspot Albufeira (+25.9%).

Sintra has seen an overall drop (-11.2%), with Póvoa de Varzim (-5.2%) and Funchal (-4%) also registering lower charges.

The study has also found that Fátima, Peniche (€53) and Póvoa de Varzim (€54) are the cheapest places for a night’s stay in Portugal, while Cascais (€107), Funchal (€95) and Vila Nova de Gaia (€87) are the most expensive.