After having heard everywhere that 2022 would officially be the year of recovery for tourism, and that it had a strong potential to overcome 2019 results – considered the best year ever for the sector – we can say that expectations became reality with the numbers disclosed by the National Institute for Statistics (INE). According to the Institute, tourism revenues summed up to a total of 545,4 million euros in June, 17% more than in the same period of 2019.

“The average revenue per available room (RevPAR) was 70,6 euros in June and the average revenue per occupied room (ADR) hit 111,8 euros”, 13,6% and 14,6% more, respectively, in comparison to June 2019. The average revenue per available room has registered its biggest increase in apartments. The room revenues, i.e. the demanded payment for the overnight stays by all guests in hospitality establishments, have grown 165,4%, to 416,4 million euros. This means 17,4% more than in June 2019.

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By establishment, RevPAR has hit its highest value, in June, in the inns and farms of Madeira (106,3 euros), but the establishments who grew the most compared to the homologous period were tourist apartments (143,1% more in comparison to 2021 and 189,3% more compared to 2019, to 56,3 euros).

Among the several regions, INE highlights that “the Algarve has concentrated 31,5% of the total tourism revenues and 30,8% of those relative to room revenues in June, followed by the Lisbon Metropolitan Area (29,7% and 31,2%, respectively) and the North (14,7% and 14,9%, in the same order)”.

The statistics office indicates that, in the first half of the year, tourist accommodation establishments have registered 11,2 million and 28,6 million overnight stays, which correspond to homologous increases of 217,1% and 252,4% respectively.

Even with the superior tourism revenues this year, the sector has registered 900 thousand less guests and two million less overnight stays than in 2019. From the results, tourist accommodation establishments could surpass the value of revenues registered in the first semester of 2019. To book an overnight stay in a tourist accommodation establishment costed, on average, 111,8 euros per night in June, which means 15 euros less than in the same month of 2019, just as revealed by the National Institute for Statistics (INE).

LovelyStay Results

Considering the first 6 months of the year, LovelyStay has received more than 41,2 thousand guests, made more than 16 thousand check-ins and generated a gross revenue to its owners of more than 5,7 million euros. It is very hard to compare with 2019, because the company more than doubled its portfolio in the last 3 years. We can, however, consider that, proportionally, we have had an increase of 359% in the number of reservations in the first six months of this year, compared to the same period of 2019.

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Source: Expresso and DN Turismo

Translated by Joana Teixeira

Categories: News