Tag: Portugal

Total revenue from tourist accommodation reached €5.7 billion and revenue from lodging totalled €4.4 billion by September, reflecting year-on-year increases of 7.6% and 7.4%, respectively. According to tourism activity statistics from the National Statistics Institute (INE), during the first nine months of the year, tourist accommodation establishments registered 25.3 million guests (+3%) and 65 million […]

As the financial sector continues to gain popularity, new data shows that over one-third (37%) of people now consider finance the most promising career path — up from 30% in 2024 and 24% in 2023, marking a strong upward trend. Competition for finance roles is also intensifying. In 2025, each entry-level finance position received an […]

According to the latest HNWI Hotspot Index published by Savills, Portugal continues to attract strong interest from global high-net-worth individuals (HNWIs). These cities stand out on the global wealth map, reinforcing Portugal’s leading position in quality of life, safety, and economic growth potential. Rita Bueri, Head of Residential at Savills Lisbon, highlights that Lisbon’s position […]

The Scope credit rating agency has maintained Portugal’s rating at A, but has revised its outlook to positive, the agency said in a statement. “The sustained decline in the public debt ratio and the reduction in external vulnerabilities, along with robust economic growth, drive the change in outlook,” it highlighted, warning that “high public debt, […]

The number of immigrants in Portugal decreased by 2% between 2023 and 2024, as revealed by the OECD report on migration. According to the same report, there is a drop of almost 50% in family reunifications, despite a 9% increase in entries into the country to work. According to the report, released by the Organisation […]

CBRE, during the Porto Property Pace Conference, presented trends and opportunities in the real estate market in Porto. In a statement, the consultancy firm stated that the city “is experiencing economic and tourism growth, accompanied by demographic changes, but urban space is experiencing limited expansion.” This limitation has consequences such as “increasing pressure on housing, […]

AIMA (National Agency for Integration, Migration and Asylum) issued 386,463 residence permits as of October 22 of this year, 60% more than in the same period in 2024, and estimates that the 50% reduction in the number of immigrants entering the country will continue. These figures were provided by Pedro Portugal Gaspar, Chairman of the […]

The Minister of the Presidency, António Leitão Amaro, stated that AIMA will resolve the pending Golden Visa applications in 2026, after the completion of the processes for the most vulnerable immigrants. The minister said that the pendency will be resolved in 2026, during the specialised debate on the 2026 State Budget. The resolution of these […]

Travel and tourism exports totalled €4.3 billion in August, which contributed to the rise in the services balance surplus. Despite the rise in exports, imports are still penalising the economy’s external balance, according to ECO. In total, tourism and travel exports rose by €180.15 million when compared to the figures recorded in August 2025, according […]

According to the latest data from Portugal’s Agency for Migration and Asylum (AIMA), the number of U.S. citizens living in Portugal rose from 14,129 in 2023 to 19,258 in 2024, marking an impressive 36.3% increase. This significant growth aligns with reports from leading Iberian Peninsula real estate developers, confirming that American interest in the Portuguese […]

Tourist accommodation generated €4.893 billion in total revenue in the first eight months of the year, 7.9% more than in the same period last year. According to data from the National Statistics Institute (INE), the Algarve was the region that contributed the most to these figures. According to rapid tourism statistics, national tourist accommodation establishments […]

The World Travel & Tourism Council (WTTC) predicts that by 2035, Portugal’s travel and tourism sector is expected to represent 22.6% of its national GDP, employing 1.4 million people. The organization estimates that the travel and tourism sector should represent 62.7 billion euros, or 21.5% of Portugal’s Gross Domestic Product (GDP), representing an increase of […]

Foreign card consumption in Portugal increased 11% in the number of transactions and 4% in value in July and August, according to a SIBS study on activity recorded on the Multibanco network. This reflects the growth of international tourism in the country and also found that the leisure and restaurant sectors experienced the highest growth. […]

Portugal is rapidly solidifying its position as one of Europe’s most attractive destinations for wealth migration and lifestyle living. According to the 2025 Henley Private Wealth Migration Report released in June, the UK is expected to lose 16,500 millionaires net this year alone, following the comprehensive tax reform in the October 2024 budget. The increase […]

The municipalities of Gondomar (Porto district) and Tarouca (Viseu district) recorded the highest growth in tourist overnight stays and accommodation capacity, respectively, between 2019 and 2024, according to data published on the Pordata portal. According to the data, “Gondomar is the municipality with the highest growth in tourist overnight stays between 2019 and 2024, increasing […]