Portugal | February 2026

Statistics Portugal read the month as a slowdown that carried on: 1.8 million guests (+0.2%) and 4.2 million overnight stays (+0.7%). The institute ties the result to the moving calendar, through the Carnival holiday period, and to the intense and unusual weather events of January and February.

Total revenue reached EUR 299.4 million (+4.2%) and room revenue EUR 216.7 million (+3.7%), with ADR at EUR 89.6 (+2.4%) and RevPAR at EUR 39.7 (+0.6%), while net bed occupancy dropped to 34.9%, down 0.6 pp.

For owners, February separates volume from value: revenue still rises, but almost only through price.

Resident overnight stays increased 2.6% to 1.4 million, while non-resident stays stood at 2.8 million, 0.2% below a year earlier. Among source markets, Brazil advanced 29.6% and Canada 13.4%; Germany managed 1.4%, France lost 16.7%, and Spain (-4.4%) and the United Kingdom (-4.1%) were lower as well.

Alentejo (+4.2%) and the North (+3.4%) posted the largest increases. Greater Lisbon grew 2.4%, with residents adding 8.1% and non-residents 0.8%. The Algarve ended at +0.5%, residents up 6.3% against non-residents down 0.8%; the Centre (-1.9%) and the Setúbal Peninsula (-1.6%) stayed in negative territory.

ADR rose to EUR 89.6 (+2.4%), but RevPAR stopped at EUR 39.7 (+0.6%). Net bed occupancy slipped to 34.9%, down 0.6 pp, and net room occupancy to 44.3%, down 0.8 pp. With total revenue of EUR 299.4 million (+4.2%) and room revenue of EUR 216.7 million (+3.7%), the revenue gain is price and not occupancy: overnight stays increased 0.7% while net bed occupancy was 0.6 pp lower.