According to The Property Handbook - the Real Estate Investment Guide, a document prepared by the real estate consultancy CBRE in partnership with the law firm Vieira de Almeida (VdA), in 2023, the city of Lisbon gained 20 new hotels and for this year they have already planned another 20 units, while Porto gained more than 10 new hotels last year and another 15 are already planned in 2024.

The tourist accommodation sector registered 30 million guests and 77.2 million overnight stays in 2023, 13.3% and 10.7% more compared to the previous year, surpassing pre-covid-19 pandemic levels for the first time, according to preliminary data published by the National Statistics Institute (INE), which corresponded to new records.

The numbers recorded in 2023 - 30 million guests and 77.2 million overnight stays - were 10.7% and 10.0% above, respectively, 2019 levels, according to INE.