The tourism accommodation sector accounted for 7.2 million guests and 17.1 million overnight stays in the 4th quarter of 2025, with changes of +2.9% and +1.9%, respectively (+2.1% and +1.9% in the same order, in the 3rd quarter of 2025). Total revenue reached EUR 1.4 billion and revenue from accommodation totalled EUR 1.0 billion, marking growth of 5.5% and 4.5%, respectively (+7.4% and +6.8% in the previous quarter).

External markets were dominant (69.2% of the total), although less so the same quarter last year, with 11.8 million overnight stays (+0.9%). In year-on-year terms, it was the fifth consecutive quarter where the share of foreign markets decreased. Overnight stays by residents increased by 4.2% to 5.3 million.

In the 4th quarter, dependence on foreign markets concerning overnight stays was highest in RA Madeira (84.0% of the total), followed by Algarve (82.1%), and Grande Lisboa (79.0%). In contrast, the regions of Centro and Alentejo showed the lowest dependence on foreign markets (28.0% and 35.6%, respectively).

Grande Lisboa was the region with the highest number of overnight stays in the 4th quarter of 2025 (26.8% of the total), followed by Algarve (21.0%) and Norte (18.9%). Overnight stays by residents were more concentrated in the North (24.3% of the total), while those by non-residents mainly occurred in Grande Lisboa (30.6% of the total).