Tourism revenue tripled in January but stayed below pre-pandemic levels

The total revenue from the tourist accommodation establishments amounted to €106.4 million in January, according to Statistics Portugal (INE).

Tourism activity in the country continues to recover from the effects of the pandemic. In January, revenue from the tourist accommodation establishments amounted to €106.4 million, tripling compared to the same month last year. However, when compared with January 2020, the figure is lower by 39%, according to Statistics Portugal (INE).

Almost a third of the revenue was concentrated in the Lisbon Metropolitan Area (30.6% of the total revenue), followed by the Autonomous Region of Madeira (18.2%) and the North (17.4%).

Looking at the market segments, “In January, the domestic market contributed 857,7 thousand overnight stays (+104.5%) and the external markets amounted to 1.1 million (+308.7%)”. Compared to the same month two years ago, “there were decreases in the number of overnight stays of residents (-20.1%) and non-residents (-47.9%).”

The average revenue per available room (RevPAR) stood at €15.6 in January (€21.5 in December), while the average daily rate (ADR) was €65.4 in January (€73.8 in December). “In January 2020, the RevPAR was €24.9 and the ADR amounted to €67.2.”

In the overall picture, “the tourist accommodation sector registered 853.2 thousand guests and 2.0 million overnight stays in January 2022, corresponding to increases of 183.7% and 185.9%, respectively, and above the figures of December 2021 (+148.9% and +169.7%, in the same order).” Yet, these figures are still lower than those observed in January 2020.