Tax receipts from Local Lodging (“AL”) grew from €69,000,000 to €123,000,000 between 2015 and 2017, as revealed by the Secretary of State for Tourism, Ana Mendes Godinho. “AL” license registrations also increased almost twofold from 28,000 to over 50,000 over the same period.
The number of overnight stays in tourist establishments has grown in all regions of the country between 2013 and 2016. Overall demand increased in the North and Alentejo, rural tourism in the Central Portugal and Local Lodging in Lisbon, according to the National Statistics Institute.
Letting a bedroom in a private home in Greater Lisbon now costs on average €308 per month – the most expensive in the country – with growth in prices of 14% in 2017. Interest in room rentals, a traditional form of housing for university students and young workers, has quintupled the number of searches carried out over the past year. Due to increased demand, the cost of letting an individual room has risen to an average of €238 per month in Portugal.
Adjustments to current regulations for Local Lodging intended to regulate and respond to excessive volume are being prepared, according to the Secretary of State for Tourism. Integration of holiday letting into the formal economy has been the focus of successive changes to legislation in recent years. In July, new measures were introduced mandating that reservation platforms such as Airbnb or Booking.com identify official registrations of all available accommodations for travelers.