Key Market Indicators
Revenue from Portuguese accommodation services is expected to reach €4.4 billion by 2026, up from €3.3 billion in 2021. This is an average annual growth rate of 1.2%. Since 2010, the market has decreased by an average of 3.3% each year. In 2021, Portugal was in 11th place in the ranking, with Sweden ahead of them at €3.3 billion. France, the United Kingdom and Spain followed in 2nd, 3rd, and 4th place respectively. Expenditure on Portuguese accommodation is forecast to reach €6.6 billion by 2026, up from €5.2 billion in 2021. This is a compound annual growth rate of 2.4%. Since 2000, demand for accommodation in Portugal has grown by 4% annually. In 2021, Germany topped the ranking with €5.2 billion, with Italy, France and Germany in 2nd, 3rd and 4th place respectively. The number of Portuguese accommodation establishments is expected to reach 138,140 bedplaces by 2026, up from 101,540 in 2021. This is an average annual growth rate of 4.3%. Since 1995, the number of bedplaces in Portugal has grown by an average of 16.9% each year. In 2021, Romania was in the lead with 101,540 bedplaces, with France, Spain and Germany in 2nd, 3rd and 4th place respectively.
Portugal Hospitality Market Data and Forecasts
How much will Portugal Hospitality Market grow to 2026?
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