
The tourism sector in Portugal continues to be attractive for those who want to invest in Portugal, despite the current context, marked by high inflation and rising interest rates. Data shows that Portugal is the fourth country in Europe with the most hotel projects under construction and in pipeline, i.e. planned for the next 12 months. There are, in all, 130 units, which will bring to 15,149 new hotel rooms to Portugal. This is according to a report from consulting company Lodging Econometrics (LE).
According to the same report, 1,776 hotel projects (corresponding to 266,901 rooms) are about to be opened in Europe in the coming months and years:
- 814 hotels/125,657 rooms are already being built:
- 419 hotels/65,625 rooms will start construction in the next 12 months;
- 543 hotels/78.619 rooms are in an initial project phase.
It should be noted that ahead of Portugal in this ranking are only the United Kingdom (340 hotels/47.551 rooms), Germany (238 hotels/40.368 rooms) and France (139 hotels/15.889 rooms).
In an analysis by cities, LE's study concludes that most of the hotels that will open doors in Europe in the next 12 months are in London (90 units/15,393 rooms). Next comes Istanbul, in Turkey (42 hotels and 7,360 rooms), Dusseldorf, in Germany (38 units and 7.080 rooms) and Lisbon (35 hotels and 4,073 rooms). The top five is completed with Dublin, in Ireland (31 projects and 5,873 rooms).