Overnight stays in tourism increased by 8.5% in October

  • 13 December, 23

Owing mostly to overseas markets, the tourist lodging industry recorded 7.4 million overnight stays in October, 8.5% more than in 2022.

In the quick estimate of tourist activity, released this Thursday by the National Statistics Institute (INE), guests also increased in October, in this case 8.7% to 2.9 million.

With an increase of 11.5% to 5.5 million overnight stays in October, INE reports that external markets “continue to guarantee growth in overnight stays”. There was a small increase in overnight stays by Portuguese tourists of 0.3% to 1.8 million.

The two largest markets are the British (20% of total sales) and German (12.5%), with the North American market coming in second (9.9%).

For Mercan’s hotels, in October, we have combined revenue for all hotels will generate approximately 2.8 million euros, more than doubling up the total revenue generated Last Year’s October as more rooms are being traded.

If we compared Mercan’s hotels Casa da Companhia, Casa das Lerias, Se Catedral, Four Points, and Fontinha last Year´s October, our growth revenue achieved 25%. Most of our hotels get high booking rooms, the highest is Casa da Companhia reaching 9.6, following Fontinha Hotel reaching 9.3. In this list have 3 new hotels have been opened this year including Renaissance Lapa Porto Hotel, Arts Hotel Porto, and Hilton Garden Inn Evora, which have high booking room rates and occupancy rates.

Cre: Jornal de Noticias

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*Apply for Mercan’s investors and potential investors

Mercan Asia – Part of Mercan Group of Companies is the Global Support Center for International Investor. MERCAN and its local partners in Portugal confidently hold more than 50% market share under this category. The company commit to be the most professional, transparent and trusted partner for our investors in Portugal.

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