In total, there will be another 130 units, which will bring to the market another 15,149 rooms, according to data reported by the consultancy firm Lodging Econometrics (LE) and reported by idealista.
According to the report, 1,776 hotel projects/266,901 rooms are about to come onto the tourism market in Europe:
It should be noted that ahead of Portugal in this ranking are the United Kingdom (340 hotels/47,551 rooms), Germany (238 hotels/40,368 rooms) and France (139 hotels/15,889 rooms).
In an analysis by the city, the LE study concludes that most of the hotels that will open their doors in Europe in the next 12 months are to be found in London (90 units/15,393 rooms). This is followed by Istanbul, in Turkey (42 hotels and 7,360 rooms), Dusseldorf, in Germany (38 units and 7,080 rooms) and Lisbon (35 hotels and 4,073 rooms). The top five is completed by Dublin, Ireland (31 projects and 5,873 rooms).
In a full recession this could be a serious setback.
By Pete from Algarve on 03 Jun 2023, 07:55
Never mind hotels!!!!!!!. What about housing for the Portuges people. Shameful !!!!!!!!!!!!
By J from Lisbon on 04 Jun 2023, 07:37
I agree with J from Lisboa. Maybe taking care of your own citizens before tourists is a better idea?
By Mechel from Porto on 05 Jun 2023, 11:04
Hotels are opened by investors.
Investors are not spending money on low cost housing.
While there is a need for low cost housing......that will not come from the private sector, unless the government makes it attractive.
The hotels will generate jobs, i.e construction, hospitality, marketing and maintenance to name a few.
Why does the govt not take some abandoned projects and finish the and make them affordable?
By jeffrey Kugler from Algarve on 05 Jun 2023, 15:34
So it's great that we get extra money invested into tourism (and also agriculture). No mention of how we are going to get the additional water provided for construction and ongoing water for the tourists.
By David Clark from Algarve on 06 Jun 2023, 07:15