The data from the National Statistics Institute (INE) indicates that total income of 878.3 million euros (+10.4%) and 709.8 million euros of income from accommodation (+11.1%).

Compared to August 2019, INE reports “more significant increases”, that is, +37.6% in total income and +39.6% in income related to accommodation, also reflecting “increases in the prices of services provided”.

In the accumulated period from January to August 2023, overnight stays grew by 12% (+2.4% for residents and +16.9% for non-residents), which corresponded to increases of 22.3% in total income and 23.5% % in relation to accommodation. Compared to the same period in 2019, there were more significant increases, 38.5% and 41.3%, respectively.

In August, the Algarve was the region with the greatest weight in total and accommodation income (36.9% and 36.5%, respectively), followed by Lisbon (23% and 24%), the North (14.1% and 14.2%), Madeira (8.6% and 7.8%) and the Center (8.5% and 8.4%).

The biggest growth occurred in the Azores (+21.1% in total revenue and +23.4% in accommodation revenue) and in Lisbon (+17.5% and +18.5%, in the same order). Compared to August 2019, the highlights are the developments in the Azores (+62.7% in total revenue and +66.7% in accommodation revenue), in Madeira (+61.8% and +75.8%, respectively) and in the North (+50.8% and + 53.6%).