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Tourism weight in economy increases 47% in eight years

According to data from the National Statistics Institute (INE), holidaymakers spent more than €23 billion in Portugal in 2016. Over 28 million visitors entered the country. The number of overnight stays exceeded 144 million. Tourism is growing four times faster than the rest of the Portuguese economy and represents 7% of the gross domestic product.

French buy more houses in Portugal

In the first quarter of 2016, the French buyers surpassed the English and Chinese for the first time in the real estate purchases. This trend further consolidates the growth experienced in recent years. Overall, foreign investment represents 20% of property purchases in Portugal.

Airbnb with 26,700 offerings in Portugal

Airbnb, the world’s largest network of reserves in private homes, currently has 26,700 offerings in Portugal with over 10,000 in Lisbon alone. The San Francisco based internet operator reports annual growth of 65% in 2015 as compared to last year.

 

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