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Revenue from the tourist accommodation sector kept a slowdown path in the first month of 2024
Tourism activity
Revenue from the tourist accommodation sector kept a slowdown path in the first month of 2024 - January 2024
14 March 2024

Summary

In January 2024, the tourist accommodation sector accounted for 1.5 million guests (+1.8%) and 3.5 million overnight stays (-0.1%), amounting to EUR 230.8 million in total revenue (+9.4%) and EUR 166.0 million in revenue from accommodation (+8.5%).

The revenue per available room (RevPAR) stood at EUR 30.2 (+3.9%; following +9.0% in December) and average daily rate (ADR) amounted to EUR 83.7 (+7.6%; following +6.2% in December). The ADR reached its highest value in Grande Lisboa (EUR 105.9) and in RA Madeira (EUR 87.5). 

In January, the municipality of Lisboa accounted for 24.5% of all overnight stays (12.5% of all overnight stays by residents and 30.4% by non-residents). Among the municipalities with higher representation in total overnight stays in January, Porto and Loulé stood out, both with increases of 4.6% and, conversely, there were decreases in overnight stays in Lisboa and Funchal, -3.4% and -4.4%, respectively.

Considering all means of accommodation (tourist accommodation establishments, camping and holiday camps, and youth hostels), there were 1.6 million guests and 3.7 million overnight stays in January, corresponding to rates of change of +1.1% and -0.7%, respectively. The number of overnight stays spent by residents decreased by 2.5% and those spent by non-residents grew by 0.3%.


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