Foreign tourists are flooding back to enjoy the Algarve’s pretty beaches, immaculate golf courses and welcoming resorts in numbers similar to those recorded before the economic downturn, according to recent statistics.
The Bank of Portugal confirmed in August that total revenue generated from tourism in Portugal between January and May this year reached €2.95 billion, representing an increase of 7.9 per cent compared to last year and similar to the figure for 2007.
Meanwhile, according to Portugal’s National Statistics Institute there was an 8.6 per cent increase in the number of overnight stays in tourist accommodation in June 2013 compared with the same month last year. The total number of stays in June 2013 was 4.4 million.
Non-residents accounted for 70 per cent of overnight stays in June, with British tourists forming the largest group of foreign nationals (27 per cent). That said, the highest year-on-year increase in overnight stays by nation during June was recorded by Ireland (+25.9 per cent), then France (+17.6 per cent) and Brazil (+10.9 per cent).
In line with the Bank of Portugal’s figures, tourist accommodation establishments accounted for €207.2 million in total revenue and €144.6 million in revenue from accommodation alone. These results corresponded to year-on-year increases of 10.7 per cent and 12.2 per cent, respectively. In the period January to June 2013, the trend revenue was equally positive, but at a lower rate, namely +4.9 per cent for total revenue and +6.9 per cent for accommodation only.