Lisbon, North Region & Algarve Region KPIs | January to August 2019

Considering the city of Lisbon, the revenue per available room (RevPar) between January and August of 2019 registered a slightly rise of 0.37% considering the homologous period of 2018, performing a total of € 89.10. This rise is justified by the growth of 1.93% of the average daily rate (ADR), which registered until the end of August € 112.63. This value had a special contribute of the 4 stars category, growing since the beginning of the year, which increased 4.33%, at the same time of a reduction of the occupancy rate of 2.75 pp.

Penalized by the decrease of 4 stars category, the general occupancy rate per room decreased 1.23 pp, falling from 80.34% to 79.11% between January and August, even with slightly improvements in 3 and 5 stars categories. Focusing only in the month of August, we can see a deterioration of all indicators, compensated by the performance of the 7 previous months.

Spanish (10.82%), Brazilians (10.23%) and French (10.22%) are the top 3 of tourists of the Lisbon Metropolitan Area. The Americans are out of the top 3, but very close with 398,000 tourists and a quote of 10.17%.

The North Region registered again the best performance with the highest growth rates between the 3 analyzed areas of RevPar, ADR and visitors.

By the other hand, Algarve Region registered moderate growth rates between January and August, comparing with the same period of 2018, but is important to refer the excellent performance during August, with an occupancy rate per room of 94.2% and a consequent rise of the RevPar.

Sources: Travel BI and Observatório do Turismo de Lisboa analyzed by Savills Research Portugal