Hotel revenue could drop by 80 percent

Estimates are that Portuguese hotels could suffer a loss in revenue of up to 80 percent in relation to figures from 2019.

According to the Association of Portuguese Hotels, losses could reach around 3.6 billion euros, while the number of nights spent in accommodation is down by almost 50 million. These projections come as 20 hotels, many of them part of large chains, closed their doors to guests in Porto in the first ten days of November due to dwindling demand.