Considering the city of Lisbon, the revenue per available room (RevPar) between January and November of 2019 continued its growth trajectory (1.35%), performing a total of € 93.60. This rise is mainly justified by the growth of 2.27% of the average daily rate (ADR), which registered until the end of November € 112.84. This value had again a special contribute of the 4 stars category, growing since the beginning of the year, which increased 3.89%, at the same time of a reduction of the occupancy rate of 2.11 pp.
Penalized by the decrease of 4 stars category, the general occupancy rate per room decreased 0.73 pp, falling from 81.84% to 81.11% between January and November, even with slightly improvements in 3 and 5 stars categories.
North Americans are now on the top of the list of foreign visitors (10.6%), followed by Spanish (10.3%) and Brazilians (10.2%).
The North Region registered again the best performance of the 3 analyzed zones with the highest growth rates of RevPar (6.28%) and ADR (6.28%).
The Algarve Region registered moderate growth rates during the analyzed period, with a growth of the RevPar of 3.84% and ADR of 2.31%.
Sources: Travel BI and Observatório do Turismo de Lisboa analyzed by Savills Research Portugal