Albufeira, Algarve, stands out for REDUCTIONS in overnight stays
Portugal’s tourist accommodation sector recorded 2.8 million guests in May, 12.1% more than in the same month of 2022, and 7.1 million overnight stays, an increase of 10.0%, statistics institute INE reports today.
According to INE, these indicators corresponded to €571.7 million in total revenue and €436.6 million in revenue from accommodation, which represents year-on-year growth of 25.2% and 29.1%, respectively.
Compared to May 2019, the ‘pre-pandemic period’, this translates into increases of 40.1% in total revenue and 44.4% in revenue from accommodation.
INE’s press also explained that the average revenue per available room and per occupied room “reached historical highs in the Lisbon Metropolitan Area”.
In the month under review, INE recorded year-on-year increases of 23.7% in average revenue per available room (RevPAR) and 17.6% in average revenue per occupied room (ADR), reaching €69.8 and €112.7, respectively.
Compared to May 2019, this represents increases of 33.3% (RevPAR) and 28.4% (ADR).
In the first five months, total overnight stays grew by 23.9% (+12.7% among residents and 29.3% among non-residents), which translated into increases of 38.8% in total revenue and 41.6% in revenue from accommodation (+39.8% and +43.8%, respectively, compared to the same period of 2019).
INE adds that among tourist accommodation establishments – camping and holiday camps and youth hostels – between January and May 2023, “11.4 million guests and 28.6 million overnight stays were registered, corresponding to growths of 25.7% and 23.9%, respectively”. Compared to 2019, there was an increase of 13.4% in overnight stays.
Albufeira in the Algarve has “continued to stand out with a reduction in overnight stays compared to 2019”, falling 5.6% in total (-15.8% in residents and -4.0% in non-residents), while Porto and Funchal “maintained their increases compared to May 2019”, increasing 28.1% and 20.2% respectively.
In May this year, the Lisbon Metropolitan Area concentrated 34.9% of total revenue and 37.3% of revenue from accommodation, followed by the Algarve (24.6% and 22.3%, respectively), the North (16.4% and 17.1%, in the same order) and the Autonomous Region of Madeira (10.2% and 9.6%, respectively).
INE highlights that the largest year-on-year increases occurred in Lisbon Metropolitan Area (+34.0% in total revenue and +39.0% in revenue from accommodation), the Autonomous Region of the Azores (+32.4% and +35.4%, respectively) and the North (+29.1% and +32.5%, in the same order).
In comparison with May 2019, “developments in the Autonomous Region of Azores (+54.8% in total revenue and +54.3% in revenue from accommodation), in the Autonomous Region of Madeira (+50.9% and +63.7%, respectively), in the North (+49.1% and +52.9%, in the same order) and in Alentejo (+47.8% and +54.6%, respectively) stood out”.
In May, the evolution of revenue grew in the three accommodation segments.
In hotels, total revenue and revenue from accommodation – with a weight of 87.2% and 85.5% in total tourist accommodation – increased by 24.1% and 28.0%, respectively, in year-on-year terms and by 49.2% and 50.9% compared to 2019.