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The Portuguese Hotel Sector - February 2016

The Portuguese Hotel Sector - February 2016

“The Portuguese hotel sector is on a roll and the good times are likely to continue for the foreseeable future. The macroeconomic backdrop is favourable due to a weakening Euro and strengthening economies in most of the country’s important source markets. Also, in an age of heightened concern about terrorism and crime, Portugal’s hotel sector should benefit from the country’s reputation for personal safety and security.”

- Jessica Kelly, Senior Tourism Analyst

This report looks at the following areas:

What has been the recent trend in arrivals and overnights in Portuguese hotels?
What is the breakdown of the Portuguese hotel capacity in terms of region and grade?
Which are the main Portuguese hotel groups and what is the nature of their hotel portfolios?
How extensive is the presence of foreign hotel chains in Portugal?
How will the current economic, geopolitical and regulatory environment impact Portugal’s hotel sector?


INTRODUCTION
DATA SOURCES
OVERVIEW
SPENDING ON TRAVEL AND TOURISM
Figure 1: Spending on travel & tourism in Portugal, 2014 & 2025
Incoming receipts by source market
Figure 2: Trend in incoming receipts by major source market, 2013-14
ARRIVALS IN TOURIST ACCOMMODATION
Figure 3: Arrivals in tourist accommodation, by type & source market, 2014
Figure 4: Arrivals in tourist accommodation, by type & source market, 2014 (continued)
OVERNIGHTS IN TOURIST ACCOMMODATION
Figure 5: Overnights in tourist accommodation by type & source market, 2014
Figure 6: Overnights in tourist accommodation, by type & source market, 2014 (continued)
AVERAGE LENGTH OF STAY
Figure 7: Average length of stay, by source market & type of tourist accommodation, 2014
Figure 8: Average length of stay, by source market & type of tourist accommodation, 2014 (continued)
Figure 9: Average length of stay in tourist accommodation, by source market & region of Portugal, 2014
SEASONALITY
Figure 10: Overnights in serviced accommodation, by month & source market, 2014
Figure 11: Overnights in serviced accommodation, by month & source market, 2014 (continued)
ACCOMMODATION CAPACITY
Figure 12: Tourist accommodation establishments in Portugal, by region & type, 2014
Figure 13: Tourist accommodation establishments in Portugal, by region & type, 2014 (continued)
Figure 14: Resorts, aparthotels, pousadas & quintas on Madeira, 2014
Figure 15: Rooms in tourist accommodation establishments in Portugal, by region & type, 2014
Figure 16: Rooms in tourist accommodation establishments in Portugal, by region & type, 2014 (continued)
Figure 17: Rooms in resorts, aparthotels, pousadas & quintas on Madeira, 2014
ACCOMMODATION RENTAL PLATFORMS
RECENT PERFORMANCE
Figure 18: Serviced accommodation total revenue, by region, 2014
Figure 19: Serviced accommodation room revenue, by region, 2014
REVPAR
Figure 20: RevPAR, by category of tourist accommodation, 2014
Figure 21: RevPAR, by category of tourist accommodation, 2014 (continued)
NINE-MONTH 2015 PERFORMANCE
Figure 22: Serviced accommodation performance for September 2015 & YTD
Overnights by type of accommodation
Figure 23: Overnights, by type & category of establishment, September 2014 & 2015
Inbound markets
Figure 24: Year-on-year trend in overnights, by leading source market, September & YTD September
2015
Overnights by region
Figure 25: Year-on-year trend in overnights, by region, September & YTD September 2015
Domestic market
Incoming market
Figure 26: Year-on-year trend in overnights, by region, domestic & incoming, September & YTD
September 2015
Average length of stay
Figure 27: Average length of stay (nights) & bed occupancy (%), by region, September 2015
Figure 28: Bed occupancy rate – year-on-year variation, by month (difference in p.p.), January 2011-
September 2015
Trend in revenue
Figure 29: Year-on-year % change in accommodation establishments’ monthly revenue, January 2011-
September 2015
Figure 30: Accommodation establishment revenue, by region, September 2015
RevPAR
Figure 31: Trend in RevPAR, by region, September 2014 & September 2015
PORTUGUESE HOTEL GROUPS
PESTANA HOTELS & RESORTS
Hotel portfolio
Figure 32: Pestana hotel portfolio at year-end 2014
Figure 33: Portfolio of Pestana-branded hotels & leisure properties, 2014
Pousadas de Portugal
Figure 34: The Pousadas de Portugal portfolio, by region, 2015
Pestana had strong results in 2014
Ronaldo partners with Pestana
TIVOLI HOTELS & RESORTS
Brief history
Minor Hotel group moves in
Hotel Tivoli Oriente sold
TURIM HOTELS
Figure 35: Turim Hotels Group portfolio & pipeline, 2015
FOREIGN HOTEL GROUPS
ACCORHOTELS
Figure 36: AccorHotels’ Portuguese portfolio by brand, 2015
BE LIVE HOTELS
Be Live Family Palmeiras Village
BELMOND REID’S PALACE
BEST WESTERN
Figure 37: Choice’s Portuguese hotel portfolio, by brand, 2015
H10 HOTELS
HILTON
LONE STAR’S PLANS FOR VILAMOURA
HOTUSA
Figure 38: Hotusa's Portuguese affiliates, 2015
IHG
Figure 39: IHG’s Portuguese hotel portfolio, 2015
LEADING HOTELS OF THE WORLD
Pestana Palace Lisboa
Olissippo Lapa Palace
Grande Real Villa Italia Hotel & Spa
VILA VITA Parc Resort & Spa
Hotel Quinta do Lago
Bairro Alto Hotel
Vidago Palace
Pestana Cidadela Cascais
Pestana Palácio do Freixo
Louvre Hotels Group
Marriott
Lisbon Marriott Hotel
Fontecruz Lisboa Hotel
AC Porto Hotel
Praia D’El Rey Marriott Golf & Beach Resort
Penha Longa Resort
Melià
Aveiro
Braga
Castelo Branco
Coimbra
Covilha
Leiria
Lisbon
TRYP Lisbon Airport
TRYP Lisboa Oriente
TRYP Montijo Parque
Madeira
Porto
TRYP Porto Centro
TRYP Porto Expo
NH HOTELES
Hotel NH Lisboa Liberdade
Hotel NH Lisboa Campo Grande
Hotel NH Collection Porto Batalha
PARADORES COMES TO PORTUGAL
Affiliation costs
SIX SENSES
A Wine Library
Staffing
STARWOOD HOTELS & RESORTS
Pine Cliffs Resort
Convento do Espinheiro
Sheraton Lisboa Hotel & Spa
Sheraton Porto Hotel & Spa
TUI HOTELS & RESORTS
ClubHotel Riu Guarana
Robinson Club Quinta da Ria
VINCCI
ZENIT HOTELS
WHAT NEXT?
MACROECONOMIC TRENDS ARE FAVOURABLE
Figure 40: Economic outlook projections, update for selected countries, October 2015*
PORTUGAL IS A SAFE COUNTRY
TAX HOLIDAY FOR FOREIGN RETIREES A PLUS FOR HOTELS
INDEX TO TRAVEL & TOURISM ANALYST
Index grouped by geographic area
INDEX TO TTI DESTINATION REPORTS
Country reports
SPECIAL REPORTS INDEX
2003
2004
2005
2006

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