Hotel occupancy rate in Lisbon 2011-2019
The occupancy rate of hotels in Lisbon was at 78 percent in 2017. This figure was forecast to remain stable in 2018 and rise by one percentage point to 79 percent in 2019.
Lisbon’s hotel market performance
The hotel market in Lisbon has shown a positive performance. Forecasts across the main key performance indicators for the industry all reflected growth: The average daily rate (ADR) of Lisbon hotels was expected to rapidly increase up to 2019, as was revenue per available room (RevPar). Based on occupancy rates, Lisbon also ranks among the leading city destinations in Europe with the second-largest Portuguese city, Porto.
Tourism in Portugal
Tourism trends have changed in Portugal over the last decade. The industry makes a significant contribution to Portugal’s economy and the government launched its Strategy 2027 plan in 2017 to increase tourism over a ten-year period. International tourism in Portugal has already grown, although a dip in arrivals in 2018 was a sobering reminder that there are still challenges.
Lisbon’s hotel market performance
The hotel market in Lisbon has shown a positive performance. Forecasts across the main key performance indicators for the industry all reflected growth: The average daily rate (ADR) of Lisbon hotels was expected to rapidly increase up to 2019, as was revenue per available room (RevPar). Based on occupancy rates, Lisbon also ranks among the leading city destinations in Europe with the second-largest Portuguese city, Porto.
Tourism in Portugal
Tourism trends have changed in Portugal over the last decade. The industry makes a significant contribution to Portugal’s economy and the government launched its Strategy 2027 plan in 2017 to increase tourism over a ten-year period. International tourism in Portugal has already grown, although a dip in arrivals in 2018 was a sobering reminder that there are still challenges.
