GUESTS
3.1 M
+0.8%YoY
revised change
Este contenido está disponible en inglés.
This edition is available in English and Portuguese.
Market Brief · MONTHLY BRIEF
Tourism & Hospitality Brief
Portugal | June 2026
Portugal, June 2026: overnight stays +0.7% and total revenue +4.9% 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 June 2026.
EXECUTIVE SUMMARY
Non-residents reversed eight months of growth
Tourist accommodation recorded 3.1 million guests, up 0.8%, and 8.1 million overnight stays, up 0.7%, while non-resident stays were 0.5% lower at 5.7 million.
Total revenue reached EUR 786.6 million, up 4.9%, and room revenue EUR 609.3 million, up 4.8%; ADR rose 2.9% to EUR 140.8, but RevPAR advanced only 1.2% to EUR 90.5, with net bed occupancy at 53.6%, down 1.4 pp.
Revenue kept growing, volume almost stopped and the demand base narrowed: for owners, the question becomes where each night sold comes from.
KEY INDICATORS
Revenue rising, volume flat
OVERNIGHT STAYS
8.1 M
+0.7%YoY
TOTAL REVENUE
EUR 786.6 M
+4.9%YoY
revised change
ROOM REVENUE
EUR 609.3 M
+4.8%YoY
revised change
REVPAR
EUR 90.5
+1.2%YoY
revised change
NET BED OCCUPANCY
53.6%
-1.4 ppYoY
Reading: total revenue grew 4.9% against 0.7% for overnight stays. With net bed occupancy down 1.4 pp, the gain in value rested on price.
DEMAND
Residents slowing, non-residents falling
RESIDENT OVERNIGHT STAYS
2.5 M
+3.7%YoY
revised change
NON-RESIDENT STAYS
5.7 M
-0.5%YoY
revised change
Resident overnight stays rose 3.7% to 2.5 million, slower than the 6.7% of May. Non-resident stays were down 0.5% to 5.7 million. Among the main source markets, Canada (+4.0%), the United States (+2.8%) and the United Kingdom (+1.9%) advanced, while Germany (-4.9%) and France (-7.9%) lost ground.
Change in overnight stays by source market
% · June 2026, year-on-year change
Canada
+4.0%
United States
+2.8%
United Kingdom
+1.9%
Germany
-4.9%
France
-7.9%
REGIONS
The North grew, the Algarve turned negative
Change in overnight stays by region
% · June 2026, year-on-year change
North
+4.8%
Greater Lisbon
+2.3%
Alentejo
+2.1%
Setúbal Peninsula
+0.7%
Centre
+0.1%
Azores
0.0%
Algarve
-0.4%
Madeira
-3.3%
West and Tagus Valley
-6.6%
The largest increases in overnight stays were in the North (+4.8%), Greater Lisbon (+2.3%) and Alentejo (+2.1%). The West and Tagus Valley (-6.6%) and Madeira (-3.3%) posted the largest decreases. In Greater Lisbon the advance was made by residents (+11.3%), with non-residents almost flat at +0.5%.
OPERATING PERFORMANCE
Price offset the occupancy lost
Portugal, tourist accommodation establishments.
ADR
EUR 140.8
+2.9%YoY
revised change
REVPAR
EUR 90.5
+1.2%YoY
revised change
NET BED OCCUPANCY
53.6%
-1.4 ppYoY
NET ROOM OCCUPANCY
64.3%
-1.1 ppYoY
TOTAL REVENUE
EUR 786.6 M
+4.9%YoY
revised change
ROOM REVENUE
EUR 609.3 M
+4.8%YoY
revised change
ADR stood at EUR 140.8, up 2.9%, and RevPAR at EUR 90.5, up 1.2%. Net bed occupancy slipped to 53.6%, down 1.4 pp, and net room occupancy to 64.3%, down 1.1 pp. With total revenue up 4.9% and RevPAR only 1.2%, the revenue gain did not come from fuller beds.
REAL ESTATE LENS
Tourism & Hospitality Real Estate Lens
The demand base narrowed
Fact
Overnight stays +0.7%, non-resident stays -0.5%, total revenue +4.9%, RevPAR +1.2% and net bed occupancy -1.4 pp.
Interpretation
With non-residents falling, volume rests on a domestic market that also slowed. RevPAR still rose 1.2%: ADR (+2.9%) covered the 1.4 pp of net bed occupancy lost, but with little to spare.
Implication
For investors and owners, June forces a test of foreign-market exposure asset by asset: France and Germany took demand out, the Algarve and Madeira turned negative, and the North and Greater Lisbon grew on residents. Occupancy assumptions in business plans should be revised down.
OUTLOOK
Three signals to watch in July
- Whether the drop in non-resident stays was a single month or the start of a trajectory.
- How the German and French markets behave entering peak season.
- Whether the Algarve, negative in June, returns to growth in July.
SOURCES
- Primary source
Statistics Portugal, Tourism Activity - Flash Estimates, June 2026, released 31 July 2026.
- Complementary sources
- Statistics Portugal, Tourism Activity - Flash Estimates, July 2026, released 31 August 2026. Year-on-year changes revised for the preceding month.
- Release date
- Data status
Revised data
- Notes
Levels from the INE flash release of 31 July 2026; year-on-year changes revised in the release of 31 August 2026.