GUESTS
2.9 M
+2.2%YoY
revised change
Market Brief · MONTHLY BRIEF
Tourism & Hospitality Brief
Portugal | April 2026
Portugal, April 2026: overnight stays +0.4% and total revenue +5.2% year on year.
Monthly · Historical edition · Published on · Revised data · Paulo Braga, Hospitality Real Estate Advisor
Language EN
Historical edition, published on 4 September 2026 with data for April 2026.
EXECUTIVE SUMMARY
April: more guests, more price, less occupancy
Statistics Portugal put the fact in the title: resident overnight stays kept decreasing in April, 1.2% lower at 2.0 million, while non-resident stays stood at 5.2 million, 1.0% higher. The institute points to the moving calendar, namely the effects of the Easter period, which it flags in March as well as in April.
In total, 2.9 million guests (+2.2%) and 7.2 million overnight stays (+0.4%) produced EUR 600.7 million of total revenue (+5.2%) and EUR 453.1 million of room revenue (+4.1%), with ADR at EUR 118.0 (+2.1%), RevPAR at EUR 69.8 (+0.7%) and net bed occupancy at 49.3%, down 1.3 pp.
For an owner, the month traded nights for price.
KEY INDICATORS
More people, fewer nights, less occupancy
OVERNIGHT STAYS
7.2 M
+0.4%YoY
revised change
TOTAL REVENUE
EUR 600.7 M
+5.2%YoY
ROOM REVENUE
EUR 453.1 M
+4.1%YoY
revised change
REVPAR
EUR 69.8
+0.7%YoY
revised change
NET BED OCCUPANCY
49.3%
-1.3 ppYoY
revised change
Reading: guests increased 2.2% and overnight stays 0.4%, a sign of shorter stays. Total revenue rose 5.2%, but net bed occupancy gave up 1.3 pp and RevPAR ended at +0.7%: the revenue came from ADR (+2.1%).
DEMAND
Residents down for a second consecutive month
RESIDENT OVERNIGHT STAYS
2.0 M
-1.2%YoY
revised change
NON-RESIDENT STAYS
5.2 M
+1.0%YoY
revised change
Resident overnight stays came to 2.0 million, 1.2% lower, a second consecutive monthly decrease. Non-resident stays reached 5.2 million, up 1.0%. Among source markets, Canada (+12.0%) and the Netherlands (+9.9%) led, with the United States (+6.5%) and Germany (+4.5%) also higher; the United Kingdom was 0.5% lower and Italy 9.7% lower.
Change in overnight stays by source market
% · April 2026, year-on-year change
Canada
+12.0%
Netherlands
+9.9%
United States
+6.5%
Germany
+4.5%
United Kingdom
-0.5%
Italy
-9.7%
REGIONS
Alentejo led again; the Centre fell 8.7%
Change in overnight stays by region
% · April 2026, year-on-year change
Alentejo
+8.4%
North
+4.1%
Greater Lisbon
+1.5%
Algarve
+0.9%
Madeira
-0.1%
Setúbal Peninsula
-2.9%
West and Tagus Valley
-4.7%
Azores
-7.5%
Centre
-8.7%
The largest overnight-stay increases were again Alentejo (+8.4%) and the North (+4.1%). Greater Lisbon rose 1.5% and the Algarve 0.9%, both with residents in negative territory (-0.7% and -2.2%). The Centre (-8.7%) and the Azores (-7.5%) recorded the steepest decreases.
OPERATING PERFORMANCE
ADR held RevPAR up; occupancy pulled it down
Portugal, tourist accommodation establishments.
ADR
EUR 118.0
+2.1%YoY
revised change
REVPAR
EUR 69.8
+0.7%YoY
revised change
NET BED OCCUPANCY
49.3%
-1.3 ppYoY
revised change
NET ROOM OCCUPANCY
59.2%
-0.8 ppYoY
revised change
TOTAL REVENUE
EUR 600.7 M
+5.2%YoY
ROOM REVENUE
EUR 453.1 M
+4.1%YoY
revised change
ADR rose to EUR 118.0 (+2.1%), but RevPAR advanced only 0.7%, to EUR 69.8. Net bed occupancy dropped 1.3 pp to 49.3% and net room occupancy 0.8 pp to 59.2%. Total revenue reached EUR 600.7 million (+5.2%) and room revenue EUR 453.1 million (+4.1%): the total grew faster than room revenue, a sign of non-room revenue, and capacity use did not help.
REAL ESTATE LENS
Tourism & Hospitality Real Estate Lens
Less occupancy, with price making up the difference
Fact
Guests +2.2%, overnight stays +0.4%, total revenue +5.2%, ADR +2.1%, RevPAR +0.7% and net bed occupancy at 49.3%, down 1.3 pp.
Interpretation
The 1.3 pp loss in net bed occupancy was not made up in volume: RevPAR ended at +0.7% with ADR at +2.1%. Value per night still rises, but the RevPAR gain is marginal.
Implication
For investors and owners, the night count has to be redone: more arrivals are not more nights. It is worth establishing how much of April is Easter, and how far residents, down for two months, will carry the summer.
OUTLOOK
Three signals to watch in May
- Whether residents stabilise after two months down (-3.1% and -1.2%).
- A month with neither Easter nor Carnival, for a reading free of calendar noise.
- Whether net bed occupancy stops sliding after losing 1.3 pp in April.
SOURCES
- Primary source
Statistics Portugal, Tourism Activity - Flash Estimates, April 2026, released 29 May 2026.
- Complementary sources
- Statistics Portugal, Tourism Activity - Flash Estimates, May 2026, released 30 June 2026. Year-on-year changes revised for the preceding month.
- Release date
- Data status
Revised data
- Notes
Levels from the INE flash release of 29 May 2026; year-on-year changes revised in the release of 30 June 2026.