And this figure has risen taking into account that during the summer months (July and August), hotels, in general, choose to adjust prices to the period of greatest demand from tourists, according to a report by ECO.
With these prices, a night in a hotel in Portugal is more expensive than in Spain where the average value, until June, was slightly lower at 135.8 euros, achieving an occupancy rate higher than in Portugal (set at 62.3%) with 70.2%. But the difference increases when we compare Portugal with Germany where the income per occupied room (ADR) is 113.73 euros and in the United Kingdom 128.62 euros.
The values were advanced to ECO by the North American consultancy CoStar, which analyses data in the real estate and tourism markets.
That's why there's hardly any tourists. Even the staycationers aren't here anymore.
By Fred Doe from Algarve on 13 Aug 2023, 16:08
Wait for the crash FRED.!!!!!
By J from Lisbon on 13 Aug 2023, 18:08
Pure greed, and next year they will be crying when tourism starts to fall.
By Karl blore from Algarve on 15 Aug 2023, 16:26