The tendency has been most noticeable in receipts for stays at hotels, rural tourism inns and Local Accommodation, whose prices have raised 11.6% in June compared to the same time last year. As an example, the average rent per available room (RevPAR) in tourist lodges in the country hit 78.1€, compared to 70€ in 2022. Looking back at 2019, the last pre-pandemic year, a night only cost 62.1€ on average.

Data shared by the National Statistics Institute (INE) reveal that Lisbon is the most expensive region in Portugal, with a RevPAR of 116.7€, representing an increase of 14.2% in the price against that of 2022.

In the Algarve, despite being the area where prices rose least in the country (only by 7.2%), it’s still the 2nd most expensive region on the national map, with an average nightly tariff of 88.1€. The largest jumps in price, however, were in the North and the Azores. Going on holiday to the Azorean archipelago has gotten 19% more expensive in June, with a night now costing 79.8€ on average. The North, meanwhile, saw their prices go up by 16.6% to 65.7€ a night.

On the lower end of the spectrum, Centre continues to be the cheapest option in Portugal, with a RevPAR of 32.4€, despite a rise of 12.8% in prices. On the other hand, the Alentejo broke the national tendency and recorded a drop of 0.7% in the average price of their nightly accommodation, to 50.8€. It’s to be remembered though, Dinheiro Vivo says, that the pandemic drove prices up by 30% (from 39€ in 2019 to 51.1€ in June 2022).

The higher prices for guests have been reflected in increased revenues for accommodations, which in the year’s first semester, registered a record income of 2.5 billion euros, which adds to the total tourism industry revenues from restaurants and laundromats, among other services. Hotels and Local Accommodation, for example, raked in revenues 31.8% higher this year than in 2022, and 38.3% higher than in 2019.

The income from overnight stays alone rose by 34%, to 1.9 billion euros. Being the most expensive destination in the country, Lisbon was also champion of the receipts, with 856 million euros in total revenue in the first six months of the year, a jump of 41.9% compared to 2022.

The accounts in the Algarve are also adding up, with 571 million euros in total revenues (+19.4%), while the North recorded revenues of 404 million (+35.7%). The lowest income came from the Azores, with 73 million euros brought in (+34.5%).

The country’s tourism receipts are in a good place. The data indicates that 2023 will see record numbers across all factors. INE data reveals that, for the first time since the beginning of the pandemic, the total number of overnight stays (resident and non-resident) in the first semester surpassed that of 2019. In that time, the country received 13.6 million guests (+21%) and registered 34 million overnight stays (18.8%).

Compared to 2019, guest volume increased by 11%, with stays growing by the same amount. In regional terms, only the Algarve saw a decline, as resident stays slipped 3.1% and non-resident by 0.3%.