This newsletter covers the hotel market in Portugal, focusing on tracking supply and key transactions..
Main findings:
• Four-star hotels account for 46% of the total hotel accommodation supply, with 57,454 rooms across 641 units, out of a total of 124,855 rooms.
• Since 2019, the average annual increase in new accommodations has been 2,758 rooms and 37 units. In 2024, this figure stands at 2,654 rooms, reflecting a 3.92% decline.
• According to HVS, the average value per room in Lisbon is €226,000, 15% below the European average. However, it has shown a CAGR12-23 of 5.2%
• The Conrad Hotel, located in Quinta do Lago, Algarve, was recently sold for €575K per room (ATTA estimation), setting a new benchmark for the area.
he 3M, 6M, and 12M Euribor rates have been declining, following the recent ECB's rate cut to 2,9% and are expected to slightly decrease on the following months.
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