19 Nov 2021
Between January and September this this year, income rose by 33.3% in total in Portugal and 35.3% relative to accommodations, totalling €1,629,900 and €1,244,700 million, respectively.
This is according to the latest data published by the National Statistics Institute (INE). However, compared to the first nine months of 2019, total income declined by 53%, whilst income from accommodations fell by 52.7%.
The majority of total income was concentrated in the Algarve, with 36% and 36.1% of income from accommodations in September. This was followed by the Lisbon Metropolitan Area (20.2% and 21.1%) and the North (13.6% and 13.9%, respectively).
In tourist accommodation establishments overall, the average income per available room (RevPAR) was €47.9 in September, rising 58.2%, whilst in September 2019, this figure stood at €66.3.
Moreover, the highest RevPAR values were registered in Algarve (€63.6), Madeira (€58.9) and Azores (€53.8), according to a Portugal News report.
In tourist accommodation establishments as a whole, the average income per occupied room hit €92 in September, a 12.4% rise, following the €97.2 figure in September 2019.
In addition, the net bed occupancy rate in tourist accommodation establishments (44.0%) rose 13.2% in September, +14.7 points in August.
During the month of September, the highest bed occupancy rates were registered in Madeira (66.7%), Azores (54.1%) and the Algarve (48.9%).