With the official arrival of the hottest season of the year, all we need to know are the tourism predictions, so that we may understand how the market is doing nowadays. Last year we hit historical values – will this year be even better? Get to know what are the perspectives for Summer with LovelyStay, and find out how to make your property profitable.
With a very agitated market, we can see that the tendency is that this year may be even better than the last, not only in terms of profitability, but also in occupancy rate. The perspectives for Summer with LovelyStay are excellent. We expect to make 20.600 thousand check-ins during the months of June, July and August, and to generate a gross income for our owners of over 10 million euros only during these three months of Summer.
“LovelyStay has a prominent place in Portugal’s tourism. We manage more than one thousand properties throughout the country, including in the Madeira island. With complete and well-located properties, we offer our guests the best possible accommodation experience, so that they go back to their homes wishing to come back”, comments Miguel Marinho Soares – Head of Business Development at LoveyStay.
Tourism in Portugal is growing constantly, as we may see on the cities’ streets. Previously concentrated in Lisbon, Porto and the Algarve, nowadays tourists wish to explore the country even more, to discover historical towns and villages. Given that, we noticed that many guests prefer longer stays, so that they may enjoy the different regions even better. LovelyStay hosts, on average, stays of approximately 3.4 nights.
“We are excited about Summer at LovelyStay, because we are in a growth trend, and we’re confident that we will surpass last year’s performance, which was, until then, the best year ever for the company. With well-defined strategies, a motivated team, our algorithm, which is exclusive in the market, and owners who trust our work, we’re sure that 2023 will be a great success!”, highlights Marinho Soares.
If you want to know more about LovelyStay and all the services provided by the company, talk to our team via email sales@lovelystay.com or by phone +351 939 958 051.
Translated by Joana Teixeira
