Results of 2019 tourist year positive for Algarve

in Algarve · 07-02-2020 01:00:00 · 0 Comments
Results of 2019 tourist year positive for Algarve

In 2019, the average occupancy rate for hotels and tourist developments in the Algarve reached 63.8 percent, 0.9 percent more than in the previous year, while turnover rose 3.9 percent in the same period.

In 2019, the Algarve recorded 20.695 million overnight stays in officially classified accommodation, for a total of around 4.459 million guests, of which 3.251 million were foreigners and 1.208 million nationals.
The tourists who contributed most to the total overnight stays in the Algarve were: the British 30.5 percent, the Portuguese 20.5 percent, the German 10.2 percent and the Dutch 6.5 percent.
The Algarve also received 1.3 million foreign tourists who resorted to their own homes, family and / or friends for their stay in the Algarve during the year.

RevPar (income per available room) rose 3.3 percent, reaching €54.40 per day.
The officially registered accommodation generated total room revenue of €907 million, while the total billing amounted to more than €1,225 million.
Also noteworthy are the falls in the German market of 11.7 percent and the Dutch market of 8.4 percent, to name only the most important. The average stay also dropped by 0.1 days, now standing at 4.6 days, a trend that needs to be reversed.
Tourist golf followed the evolution of regional hotel occupancy, rising 1.4 percent, with golf courses in the Algarve being traded, 1.368 million rounds, that is, 19.5 thousand more than in the previous year, an average of 36,003 rounds per field, the best record since 2006.
For 2020, the prospects are for a slight increase in occupations (+ 1 percent), with prices rising 1.7 percent, on average, which will contribute to a slight improvement in the financial situation of companies, as well as to the growth of the turnover (+2 percent) and, therefore, normal net results.



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