According to the national AHP hotel association, 11 hotels will also be renovated or reopened.
This news comes at a time when the National Statistics Institute confirmed a growth in the number of nights spent in hotels in this country.
In related news, Portugal this summer may have two new beaches to visit.
The Portuguese Environment Agency has suggested the inclusion of two new beaches in the Algarve on the official classification list.
One is Cavacos beach on the Ria Formosa in Olhão, and the other is Barranco beach in Raposeira, Vila do Bispo.
The Environment Agency’s proposal is up for public consultation until 5 February.