Considering the city of Lisbon, the revenue per available room (RevPar) between January and October of 2019 continued its growth trajectory (0.95%), performing a total of € 94.48. This rise is mainly justified by the growth of 2.17% of the average daily rate (ADR), which registered until the end of October € 116.10. This value had again a special contribution of the 4 stars category, growing since the beginning of the year, which increased 3.77%, at the same time of a reduction of the occupancy rate of 2.29 pp.
Penalized by the decrease of 4 stars category, the general occupancy rate per room decreased 0.98 pp, falling from 82.83% to 81.38% between January and October, even with slightly improvements in 3 and 5 stars categories.
Americans are now on the top of the list of foreign visitors (10.6%), followed by Spanish (10.3%) and Brazilians (10.1%).
The North Region registered again the best performance of the 3 analyzed zones with the highest growth rates of RevPar (6.51%) and ADR (6.51%).
The Algarve Region registered moderate growth rates during the analyzed period, with a growth of the RevPar of 3.62% and ADR of 2.58%.
Sources: Travel BI and Observatório do Turismo de Lisboa analyzed by Savills Research Portugal