Key Market Indicators
**Portuguese Accommodation Services Revenue to Soar by 2028** Portugal's accommodation services revenue is projected to climb to €9 billion by 2028, up from €7.1 billion in 2023. This marks an average annual growth rate of 3.9%. The sector has demonstrated robust expansion since 2010, averaging a 6.4% yearly increase. In the global rankings for 2023, Portugal secured the 10th spot, with Greece surpassing it at the same revenue mark of €7.1 billion. Leading the list were Spain, France, and the United Kingdom, occupying the second, third, and fourth positions respectively. **Surge in Portuguese Accommodation Expenditure** Portuguese accommodation expenditure is anticipated to reach €7.9 billion by 2028, up from €6.4 billion in 2023. This represents a compound annual growth rate (CAGR) of 3.4%. Since 2000, the demand in Portugal has seen a steady increase of 1.3% per year. In 2023, Portugal ranked 7th in global accommodation expenditure, with the Netherlands just ahead at €6.4 billion. Italy, France, and Germany held the second, third, and fourth positions respectively. **Expansion in Portuguese Accommodation Establishments** The number of accommodation establishments in Portugal is expected to grow to 192,000 bedplaces by 2028, up from 140,000 bedplaces in 2023. This reflects an average annual growth rate of 5%. Since 1995, the supply of bedplaces in Portugal has consistently increased by 8.7% each year. In 2023, Portugal ranked 13th in the number of accommodation establishments, with the Czech Republic overtaking it at the same figure of 140,000 bedplaces. Spain, France, and Germany were the top three countries in this category.
