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Monthly Archives: March 2017

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Airbnb studying entry into the long-term rental market

The holiday accommodation platform, Airbnb, is interested in offering long-term lets to help its customers base find homes to live in. This initiative builds on the company’s already existing experience. Since 2011, Airbnb has included a sub-lease section on its website in more than 5,000 cities, listing houses and apartments for rent by the month.

Ambitious 10-year plan for Tourism

“Turismo de Portugal” has set ambitious goals for the coming decade, following a 17% jump in tourism in January:

  1. a) A 4% annual increase, thereby doubling overnight stays by 2027;
  2. b) Reduce seasonality by one third by increasing off-season offerings over the same period;
  3. c) Boost training and qualifications of hotel and restaurant personnel;
  4. d) Bolster national approval for tourism to 90% of the population;
  5. e) Enhance conservation and appreciation of Portugal’s cultural and national heritage;
  6. f) Strengthen competitiveness and innovation;
  7. g) Improve qualifications and inclusion of activities and residents.

Tourism already represents 17% of gross domestic product and the view is optimistic for on-going growth and improvement.

77% of Local Lodging offerings in the Algarve

According to latest estimates (February 2017), there are now over 33,700 Local Lodging establishments in Portugal. Of these, the overwhelming majority – more than 77% – are concentrated in the Algarve, according to “Confidencial Imobiliário”.

Local Lodging prohibition upheld by court decision

The assembly of a Lisbon condominium prohibited local lodging activity in its building. The fraction in question was intended for residential housing but was being used for commercial purposes. Numerous problems gave rise to complaints. Loss of privacy in common areas, excessive noise at night and poor use of the pool were some of the problems. The decision was upheld by the Lisbon Court of Appeals.

Local Lodging grows five-fold in 2 years

The number of listings available for local lodging grew by 385% since the new law came into effect in November 2014, according to a report by AHP (the Hotel Association of Portugal). At  that time, just 6,000 properties were registered for short-term stays. Today, that figure has multiplied to 29,000.

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