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Tourist accommodation revenues continue to grow compared to the pre-pandemic period
Tourism activity
Tourist accommodation revenues continue to grow compared to the pre-pandemic period - March 2023
15 May 2023


In March 2023, the tourist accommodation sector  accounted for 2.1 million guests (+30.8%) and 5.1 million overnight stays (+26.7%), corresponding to EUR 338.0 million in total revenue (+45.1%), and EUR 250.9 million in revenue from accommodation (+49.0%). Compared to March 2019, there were increases of 36.2% in total revenue and 40.1% in revenue from accommodation.

The revenue per available room (RevPAR) stood at EUR 43.5 and the average daily rate (ADR) amounted to EUR 87.7 (+39.7% and +18.6% when compared to March 2022, respectively). Vis-à-vis March 2019, the RevPAR increased by 28.9% and ADR grew by 23.2%.

In March, among the municipalities with the highest representativeness in the total number of overnight stays, Albufeira continued to stand out, with a reduction of 15.1% when compared to 2019 (-14.0% among residents and -15.3% regarding non-residents). Conversely, significant increases were recorded in Funchal, mainly in resident overnight stays, which doubled compared to March 2019.

In the 1st quarter of 2023, total overnight stays grew by 40.9% (+22.5% concerning residents and +51.6% regarding non-residents), corresponding to increases of 61.0% in total revenue and 64.0% in revenue from accommodation (+35.5% and +39.9%, respectively, compared to the 1st quarter of 2019).

When considering all means of accommodation (tourist accommodation establishments, camping and holiday camps, and youth hostels), in the 1st quarter of 2023, there were 5.4 million guests and 13.5 million overnight stays, corresponding to increases of 40.1% and 39.6%, respectively. When compared to the 1st quarter of 2019, overnight stays grew by 14.2% (+17.0% concerning residents and +12.9% regarding non-residents).

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