Considering the city of Lisbon, the revenue per available room (RevPar) between January and September of 2019 registered a slightly rise of 0.25% considering the homologous period of 2018, performing a total of € 92.19. This rise is justified by the growth of 1.7% of the average daily rate (ADR), which registered until the end of September € 114.64. This value had a special contribute of the 4 stars category, growing since the beginning of the year, which increased 3.69%, at the same time of a reduction of the occupancy rate of 2.52 pp.
Penalized by the decrease of 4 stars category, the general occupancy rate per room decreased 1.16 pp, falling from 81.58% to 80.42% between January and September, even with slightly improvements in 3 and 5 stars categories.
Spanish (10.6%), Americans (10.4%) and French (10.2%) are the top 3 of foreign tourists in the Lisbon Metropolitan Area during the first 9 months of the year.
The North Region registered again the best performance of the 3 analyzed zones with the highest growth rates of RevPar (5.99%) and ADR (5.83%).
The Algarve Region registered moderate growth rates between January and September, comparing with the same period of 2018, with a growth of the RevPar of 3.67% and ADR of 3.22%.
Sources: Travel BI and Observatório do Turismo de Lisboa analyzed by Savills Research Portugal