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Based on the number of overnight stays last year (6.8 million) to be charged at 2 euros per night per person, the total anticipated revenue for the municipality is expected to reach 13 million euros. The city is preparing the process of applying the new tourist tax and anticipates implementing the new levy in January next year.
Innovation in the regulation of local lodging has made Portugal a case study. Short term holiday letting is an integral part of the current Portuguese tourism boom. Dilapidated heritage districts in Lisbon and Oporto have a new lease on life with private investment driving much needed restoration. As with any phenomenon of rapid and disorderly growth, distortions have emerged. But this should not be a pretext to kill the chicken that lays the golden egg.
There are currently registered 26,000 Local Lodging offerings in Portugal. Lisbon is the most popular city with 4,500 and O Porto with 1,725. The Island of Madeira currently counts over 1,000 registrations. The national total represents approximately 130,000 beds compared to 235,000 beds in hotels.