According to the study by Confidencial Imobiliário, within the scope of the SIR-Alojamento Local, a statistical system that monitors Local Accommodation in Lisbon and Porto, “this is a complete reversal of the performance of this market, which has shown anaemic indicators since the beginning of Covid”.
As with occupancy and RevPAR, the price also increased in Lisbon Local Accommodation in April, settling at a new maximum of 100 euros, while the number of nights sold reached 58 thousand, in what was “the highest level in two years".
The turnover of Local Accommodation in the capital amounted, in April, to 5.8 million euros, “one of the highest since the end of summer 2019”, according to Confidencial Imobiliário.
Like Lisbon, the Local Accommodation in Porto also has reason to celebrate, as it also witnessed “a clear recovery of dynamics”, “although not at record levels” as happened in Lisbon, says Confidencial Imobiliário.
“This month, average occupancy reached 54%, surpassing the 50% recorded in April 2019, but still far from the maximum of 73% recorded in September of that year. RevPAR reached 44 euros, up from the same month in 2019, but still 12 euros below the peak of 56 euros observed in September 2019.
In Porto, the average daily price was 85 euros, the highest value ever recorded in the month of April, while the total number of nights sold was 39,000, which resulted in a turnover of 3.3 million euros, indicators which, according to Confidencial Imobiliário, were “very close to the best pre-Covid years”.