Tourist lodging revenue to November up 118% YoY, up 16% on 2019 figure

The revenue of tourist accommodation establishments in Portugal in the first 11 months of 2022 was more than twice the level of the same period in 2021, and was up 16.2% on the same period in 2019, before the pandemic, at €4.7513 billion, the National Institute of Statistics (INE) said on Friday.

According to INE’s ‘Tourist Activity’ report for November, “in the first 11 months of 2022, total revenue grew 118.2% and the related to room increased 120.4%.”

Taking the month of November alone, revenue grew by 36.8%, to €288.6 million, with that relating to rooms alone up 40.3%, to €214.2 million.

Compared to November 2019, there were increases of 25.5% in total revenue and 29.2% in revenue related to rooms (after respective increases in October of 27.0% and 27.8% in October).

In November, the Lisbon Metropolitan Area accounted for 43.7% of all revenue and 47.0% of revenue related to rooms, followed by the North region (up 15.9% and 16.0% respectively), and the Algarve (up 13.6% and 11.8%).

In this month, the tourist accommodation sector recorded 1.7 million guests and 4.2 million overnight stays, up 19.7% and 19.4% respectively on November of 2021 (following October’s year-on-year increases of 23.6% and 23.8%).

Compared to November 2019, the figures in November 2022 were down 1.0% and up 4.3%, respectively, said INE.

In November, the domestic market accounted for 1.3 million overnight stays, up 6.3% on the year, after October’s year-on-year decline of 3.2%. But foreign markets predominated (with 68.9% of the total) at 2.9 million overnight stays (up 26.4% on the year).

Compared to 2019, there were increases of 0.8% in overnight stays by residents of Portugal and 5.9% in non-resident overnight stays, which “in the latter case corresponds to the highest monthly growth compared to 2019,” notes INE.

In the first 11 months of 2022 as a whole, overnight stays were up 89.4% (up 22.4% for residents and 157.7% for non-residents). Compared to the same period in 2019, overnight stays were down 1.2% (up 8.4% for residents and down 5.3% for non-residents).

With regard to net rates of bed and room occupancy in tourist accommodation establishments, in November 2022 these were “similar to those recorded in November 2019” at 35.3% and 45.4% respectively, compared to their November 2019 level of 35.2% and 45.6%.

In November 2022, average revenue per available room (RevPAR) was €39.80, up 31.4% on November 2021 and up 23.8% on November 2019.

According to INE, “this indicator increased 72.6% since the beginning of the year, with increases of 74.6% in hotels, 83.6% in local accommodation and 18.4% in rural and residential tourism.”

With regard to the average daily rate (ADR) for occupied rooms, this was €87.60 in November, up 18.1% on a year earlier and up 24.2% on November 2019.

In November last year, “among the municipalities with greater representativeness in the total number of overnight stays, Lisbon stood out with a recovery compared to 2019 levels, [as did] Albufeira, which still showed a reduction in overnight stays compared to 2019, in both cases mostly due to non-residents.”

Taking account all forms of tourist accommodation (tourist accommodation establishments, camping sites and vacation camps and youth hostels), in the first 11 months there were 27.2 million guests and 73.1 million overnight stays, up 83.6% and 83.5% on the year. But compared with the same period of 2019, total overnight stays decreased by 1.3% (with a rise of 5.2% in residents of Portugal and a decline of 4.6% among non-residents).

In all establishments, the average stay decreased by 0.1%, to 2.69 nights. The drop among residents was 6.6% and that among for non-residents was 3.9%.