Tag: hotel

Mercan Group is approaching the final phase of development for Porto Arts Suites, a new hospitality project in Porto scheduled to open in 2026 under the Tapestry Collection by Hilton brand. The project marks another milestone in Mercan’s strategy of developing internationally branded hospitality assets across Portugal. Porto Arts Suites is notable for its individual […]

Mercan Asia is pleased to announce the launch of two new investment projects of Mercan Group in Panama, with a combined development value of over USD 200 million. These projects are designed to support the Panama Qualified Investor Program, offering international investors an opportunity to allocate and diversify their global assets. Located in Panama City’s […]

Tourist accommodation recorded 32.5 million guests and 82.1 million overnight stays in 2025, increases of 3.0% and 2.2%, respectively, compared with 2024, with overnight stays by residents accelerating, reducing dependence on external markets. According to preliminary data on tourism activity released today by the National Institute of Statistics (INE), 2025 saw an acceleration in the […]

Greek hotels recorded another year of solid revenue growth in 2025, with earnings approaching 2 billion euros, according to the latest annual Greek Hospitality Industry Performance report by GBR Consulting. However, the report warns that mounting operating costs and a heavy tax burden continue to erode profitability across the sector. Based on GBR’s benchmark survey […]

2025 Performance Overview In 2025, Mercan Group continued to strengthen hospitality footprint in Portugal, marking another year of solid operational execution across its branded hotel portfolio. During the year, Mercan completed 4 new hotel openings—Amarello Hotel Praia Santo André, The Origine Porto Gaia, Renaissance Porto Lapa II, and Moxy Alfragide Lisboa—alongside the reopening of Hotel […]

Despite data from the National Statistics Institute (INE) showing a slowdown in tourist activity, the number of guests and overnight stays continued to rise. In total, Portugal exceeded 30.5 million guests and 77.8 million overnight stays, which translated into more than €6.8 billion in revenue, reveals Publituris. In November 2025 alone, the tourist accommodation sector […]

Renaissance Porto Lapa Hotel, a 5-star hotel in Porto, operating under Marriott International is  standing as one of the flagship hospitality assets developed by Mercan Group in Portugal. 2025 marked a milestone year for the hotel, highlighted by a remarkable run of international recognition. At the Haute Grandeur Global Awards 2025, the hotel achieved a […]

In this opinion piece, the author examines the evolving relationship between Greece’s real estate market and the tourism sector in 2025–2026, highlighting the key challenges, investment dynamics and policy considerations shaping both industries. The direction of Greece’s real estate market in 2025–2026 is set to play a decisive role in shaping the country’s tourism sector, […]

Portugal is entering the New Year season with strong momentum, reaffirming its position as one of Europe’s most attractive winter holiday destinations. According to recent travel data, Portugal ranks 4th among European New Year destinations, following Spain, Italy, and France, while outperforming the UK and Germany. This ranking reflects a combination of accessibility, climate, safety, […]

AHM – Ace Hospitality Management, a long-standing hospitality management partner of Mercan Group, closed the year with €50 million in revenue. This milestone reflects a period of strong operational performance as AHM accelerates the expansion of its hotel management platform nationwide, with a clear objective to manage 15 hotels in Portugal by 2028. This positive […]

As the holiday season arrives, Mercan Hotels in Portugal invite guests to experience Christmas and New Year’s Eve through a curated series of festive celebrations across Porto, Vila Nova de Gaia, Évora, and Beja. Each property offers a distinctive blend of gastronomy, art, music, and cultural expression — creating memorable holiday moments across the country. […]

Mercan’s Journey in Portugal Since 2015 Mercan Group entered the Portuguese market in 2015, launching its first flagship project, Casa da Companhia in Porto. This marked the beginning of a long-term investment strategy aimed at revitalizing historic buildings, strengthening local tourism, and positioning Portugal as a global hospitality hub. Over the past decade, Mercan has […]

According to the latest data from Portugal’s National Statistics Institute (INE), the Algarve recorded €1.71 billion in tourism revenue during the first ten months of 2025 — a 9.3% increase year-on-year, already exceeding the total revenue for all of 2024. As the nation’s second-highest revenue-generating tourism destination (after Greater Lisbon), the Algarve continues to strengthen […]

New data from German travel giant TUI shows that Greece is emerging as one of the most popular summer destinations for 2026. From Crete and Rhodes to Kos and Corfu, bookings have risen sharply, reflecting the ongoing enthusiasm of German travelers for Greek holidays. Multiple Greek Islands Become Booking Stars According to TUI: Each year, […]

Early booking momentum is accelerating sharply across Greek destinations for 2026, driven by increasingly price-sensitive international travelers who are securing lower rates well in advance. New analysis from Nelios, a leading Greek digital marketing agency specializing in hotel direct bookings, shows a 33.3 percent rise in pre-bookings and a 19.2 percent increase in revenue compared […]