Portugal: Future Outlook & Pipeline

By Philip Bacon MRICS, FCA on December 7, 2020

Market Report Portugal

Market Report: Portugal

Portugal’s hotel, tourism and leisure sectors have been evolving favourably in the recent years with travel & tourism accounting for 16.5% of Portuguese GDP in 2019.

The strength of the market, fostered by government policy, boosted investments in the country’s tourism and hospitality assets, as evidenced by an increased number of transactions and new hotel developments. Everything suggested that Portugal would continue benefiting from this positive trend. However, the coronavirus pandemic has caused serious, but hopefully temporary damage to tourism and the hotel industry.

With more than 120 hotel projects and more than 14,000 rooms in the pipeline, and with Lisbon considered the 4th most attractive European city in which to invest, we have carried out an analysis of projects under development and the results indicate that many still consider Portugal to be an attractive and strategic hub for hospitality investment.

Feedback from experienced professionals in the Portuguese tourism and hospitality sectors has contributed to our analysis and a long-term positive outlook for Portugal.

Philip Bacon

About the author

Philip Bacon MRICS, FCA pbacon@horwathhtl.com