New hotel opening every 5 days in Portugal

• 3 January, 23

A total of 75 hotels are to open representing 5,964 new rooms in Portugal according to data compiled by consultancy Cushman & Wakefield for CNN Portugal/TVI.

“It will certainly be one of the years when we will see more hotels opening in Portugal, from the north to the south of the country. It’s not normal to grow by 75 hotels every year. In fact, it is an extraordinary number”, outlines Gonçalo Garcia, director of the hospitality area at Cushman & Wakefield in Portugal.

Despite being the main gateway to Portugal, Lisbon is no longer the region where most hotels open. According to data from Cushman & Wakefield, in recent years it has been successively surpassed by the North.

Over the past five years, from 2019 to 2023, the country has seen almost 300 new hotels open with 20,000 rooms.

Since 2019, there has also been an upward trend in the Alentejo region, which is expected to have 11 new units next year, with 650 rooms. The same happens in the Azores, with six openings, which represent practically twice as many as in previous years.

The Algarve (five openings), Center (nine openings), and Lisbon have maintained a stable level of openings in these five years under review. Madeira has already confirmed itself as the region with the lowest number of openings: in 2023, there will be only two.

Cre: Portugalnews