Portugal’s tourism revenue slumped 91% in February

  • ECO News
  • 14 April 2021

The number of tourists in February fell by 87 percent, in what was the third-worst month ever for the sector since the pandemic first emerged in the country.

February was the third worst-month for tourism in Portugal since the beginning of the pandemic, with only 208,200 guests passing through the country’s tourist accommodation sector. According to data from the National Statistics Institute (INE), revenue fell 90.5% to €18.6 million.

In February, the national tourist accommodation sector received 208,200 guests, with a total of 472,900 overnight stays. These figures represent falls of 86.9% and 87.7%, respectively, higher than those seen in January (-78.8% and -78.5%).

“Since the beginning of the pandemic, February was the third month with the largest reduction in the number of overnight stays, with only April and May 2020 recording higher reductions (-97.4% and -95.8% respectively),” says INE.

In terms of revenue, these amounted to 18.6 million euros, which represents a drop of 90.5% compared to February last year. Room nights fell 89.7% to 14.3 million euros. In all the tourist accommodation establishments, the average income per available room was 5.7 euros in February, reflecting a decrease of 80.1% (-71.7% in January).