The end of an era Rethink what’s normal Portuguese Hospitality Atlas 2020 – 15th edition Preface
The end of an era
It is with great pleasure that we release the 15th edition of the Portuguese Hospitality Atlas, a tool that has already assumed itself as a reference in the tourism sector and that Deloitte is proud of.
In 2019, tourism has once again proved its resilience. The number of overnight stays and guests broke new records, leading to a solid and growing demand for the sector. Most regions of the country also reported a rise in occupancy rates and RevPAR, which highlights the positive evolution of the tourism operational performance.
The survey addressed to the main industry players, also included in this report, reveals that 31% of the participants believe that Lisbon will remain the most attractive European city for the hotel investment in 2020. In addition, the main sources of funding are expected to come mainly from international hotel groups and private equities, with capital coming mainly from European countries.
It is worth mentioning that the following report was prepared with reference to 2019, and therefore does not consider the impact of the Coronavirus (Covid-19) pandemic that begun to be felt from mid-March 2020. Notwithstanding, the chapter of the survey draws up a comparative analysis of the participants’ perception regarding the pandemic consequences as of march 2020 and july 2020.
We would like to thank, once again, the constant support and collaboration of the sector players in the preparation of the Portuguese Hospitality Atlas. The success of this initiative is largely due to their contribution.
Jorge Sousa Marrão Real Estate Sector Leader Contents
New hotel Regional establishments analysis in 2019 European benchmark Breakdown by classification
Top 5 ranking evolution
Breakdown by type
Portuguese Hotel Investment National Survey ranking About
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Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Ranking of Hotel groups Management entities in Portugal number of accommodation units 1 Home otel rou otel o in ca acit nternational an in e s National ranking ana ement entit esta lis ments accomo ation units1 resence Current 2019 No of total No of total No of total es No
2 Ranking of Hotel groups / 1 1 Pestana otels esorts Pousa as e Portu al . , . 1 ,2 9 . Management entities in Portugal 2 2 ila al ot is 2 1.2 , .1 9, 92 2.9 3 3 Accor otels 1. , 1 2. , 2.1 1 (number of accommodation units) 4 4 inor otels 1 0. 2,9 0 2.0 , 22 2.0
5 5 oti ot is eli otels esorts 19 0.9 2, 1. , 01 1.
6 6 arriott otels esorts 11 0. 2, 92 1. , 90 1.
SA A otels 1 0. 2,120 1. ,20 1.
P otels 12 0. 2,10 1. , 1.
9 9 nterContinental otels rou 10 0. 1, 2 1.1 , 2 1.1
10 10 D Disco er otel ana ement 1 0. 1, 1 1.1 , 0 1.2
11 1 urim ot is 1 0. 1, 1.0 ,0 9 1.0
12 15 otusa otels 1 0. 1, 0 1.0 ,1 2 1.0
13 14 Porto a otels esorts 12 0. 1, 1.0 2,91 0.9
14 11 Dom Pe ro otels 0. 1, 99 0.9 2,91 0.9
15 12 A otels esorts 10 0. 1, 0.9 , 1.2 1 ot is ni 2 16 13 9 0. 1, 0.9 2, 2 0.
1 16 ot is eal 9 0. 1, 0 0.9 2, 0 0.9
1 19 una otels an esorts 1 0. 1,222 0. 2, 1 0.
19 1 ut u otels 0. 1,220 0. 2, 9 0.
1 Accommodation units represent the number of rooms and/or apartments. 20 29 ensau e urismo 9 0. 1,20 0. 2, 9 0. 2 Pousadas de Portugal only include the Monumental & Historical Hotels that are under management of Pestana Hotels & Resorts Group. Sub total 1 5 0 95 19 0 3 This analysis was prepared based on public available information. 4 Data relating to the hotel establishments Penha Longa, Sheraton Lisboa Hotel & Spa and The ther Hotel groups Management entities 52 25 9 9 10 1 Fontecruz Lisboa (which are part of Marriott Hotels & Resorts) was based on public available information. Independent 1 2 59 5 11 9 5 Data relating to the hotel establishments Crowne Plaza Porto e Cardosas Porto, Crowne Plaza Vilamoura Algarve and Holiday Inn Express (which are part of InterContinental Hotels Total 2,1 2 100 1 0,2 100 21,22 100 About Group - IHG) was based on publicly available information. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Breakdown by type
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1, 20 10 , 2 0 1 ,21 1 1 , 1 2 11 9 12
Hotel Tourist Apartment Hotel-apartment 1, 20 10 , 2 0 1 ,21 1 1 , 1 2 11 9 12
11 2, 91 , 99 1, 1 Hotel 2 Tourist Apartment Hotel-apartment 2 1
11 2, 91 , 99 1, 1 2 2 1 Rural Hotel Tourist illage Lodging Houses
Rural Hotel National totalTourist: illage Lodging Houses
National total: 2,1 2 otel esta lis ments 1 0,2 Accommo ation units
2,1 2 otel esta lis ments 1 0,2 Accommo ation units Accommo ation units re resent t e num er of rooms an or a artments. About Accommo ation units re resent t e num er of rooms an or a artments. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Breakdown by classification
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5 Stars 4 Stars 3 Stars 2 Stars 1 Star Lodging house
otel esta lis ments 5 Stars 9 4 Stars 3 3 Stars 23 Stars3 1 Star16Lodging house3 1 otel esta lis ments 190 1 01 9 3 33 16 Accommo ation3 units 1 1 190 1 01 1 49 Accommo ation25 units 1 1 1 1 2 ,211 49 , 9 25 , 1 10, 21 1 1,292 1, 1 2 ,211 Nat , 9 ional total: , 10, 21 1,292 1, 1
National total: 2,1 2 otel esta lis ments 1 0,2 Accommo ation units
2,1 2 otel esta lis ments 1 0,2 Accommo ation units Accommo ation units re resent t e num er of rooms an or a artments. About 1 Accommo ation units re resent t e num er of rooms an or a artments. Contacts © 2020.2019. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Regional analysis
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Breakdown by NUTS II North 2 1
Center
20 1 Lisbon 1 21 R. A. A ores Alente o
R. A. Madeira Algarve 10 1 21
National total:
2,1 2 otel esta lis ments 1 0,2 Accommo ation units About Accommo ation units re resent t e num er of rooms an or a artments. Contacts © 2020.2019. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Alente o Regional analysis Alente o TotalTotal 20 20 1 1 , , , 90 , 90 10 10 5 5 3 3 2 2 3 3 TOP 5 Hotel groups /
Sonae Sonae PestanaPestana otels otels ila al ila al lue lue ar e Ar utros Management entities by NUTS II 2 ar2 e Ar utros Ca italCa ital esorts esorts ot is ot is reen reen2 otels otels 2 1 Pousa asPousa as (no. of accommodation units) e Portu al e Portu al
North Algarve North TotalTotal Algarve TotalTotal 1,2 2 1,2 2 19 19 1 1 0 0 19,1 19,1 2 , 2 , 2, 00 2, 00 2,1 2,1 1, 0 1, 0 1,211 1,211 1,0 0 1,0 0 ,1 ,1 , 9 , 9 5 5 4 4 3 3 3 3 3 3 2 2 5 5 5 5 4 4 2 2 2 2 2 2
Accor Accor ot is ot is A is ot isA is ot is oti ot is oti ot is nterContinental nterContinental utros utros PestanaPestana otels otels ila al ila al inor inor A otels A otels ut u ut u utros utros 2 2 2 2 2 2 otels otels ni ni e olfee olfe eli otels eli otels otels otels rou rou esorts esorts ot is ot is otels otels esorts esorts 2 otels otels 2 esorts esorts Pousa asPousa as e Portu al e Portu al
Center R A A ores Center TotalTotal R A A ores TotalTotal 9 9 2 2 11 11 9 9 2 2 1 ,9 9 1 ,9 9 20, 20, 1,0 1,0 1 1 2 2 229 229 2, 0 2, 0 ,212 ,212 4 4 3 3 2 2 2 2 2 2 6 6 21 21 9 9 5 5 4 4 54 54
ru o ru o e e oti ot is oti ot is onte elo onte elo tima tima atura atura utros utros ensau e A oris otels Açorson o ru o P utros 2 ensau e A oris otels Açorson o ru o P utros Desen ol imentoDesen ol imento eli otels eli otels otels otels otels otels ot is ot is 2 urismo 2 2 eisure 2 2 ot is 2 2 Ci rotur 2 2 otels 2 urismo eisure ot is Ci rotur otels as ermas as ermas e e esorts esorts esorts esorts 2 2 Portu alPortu al 2
Lisbon R A Madeira Lisbon TotalTotal R A Madeira TotalTotal 1, 1, 1, 0 1, 0 1, 1, 1, 0 1, 0 1,10 1,10 2 , 00 2 , 00 2, 2, , 1 , 1 , 00 , 00 1 , 9 1 , 9 6 6 6 6 5 5 4 4 3 3 6 6 24 24 5 5 5 5 5 5 4 4 5 5
P SA A Accor arriott otels urim utros Pestana otels Porto a Sa o otels our ie s ot is utros P SA A Accor arriott otels urim utros Pestana otels Porto a Sa o otels our ie s ot is2 utros otels otels otels2 2 esorts ot is esorts otels esorts 2 2 otels Dorisol 2 otels otels otels esorts ot is esorts otels2 esorts otels Dorisol Pousa asPousa as esorts esorts2 e Portu al e Portu al 1 Accommodation units represent the number of rooms and/or apartments. 2 This analysis was prepared based on public available information. A an liseA efetua a an lise efetua a foi asea a foi asea a em informaç o em informaç o lica is on el. lica is on el. 3 Data relating to the hotel establishments Penha Longa, Sheraton Lisboa Hotel & Spa and The Fontecruz Lisboa (which are part of Marriott Hotels & Resorts) was based on public available information. 4 Data relating to the hotel establishments Crowne Plaza Porto e Cardosas Porto, Crowne Plaza Vilamoura Algarve and About Holiday Inn Express (which are part of InterContinental Hotels Group - IHG) was based on publicly available information. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Regional analysis
Average size of the hotel establishments (no. of accommodation units) 1
Alente o 1 North Center 9 R. A. A ores 5 National average 9 Lisbon 91 Algarve 102 R. A. Madeira 100
About 1 Accommodation units represent the number of rooms and/or apartments. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Regional analysis
Comparative analysis by NUTS II
e PA 1 2 5 5 2 1 10 0 25 0
Lisbon Algarve R A Madeira North R A A ores Alente o Center
ccu anc rate1 1 5 9 9 5 0 2 5 1
o in ca acit no. of rooms 2 0 15 9 2 5 212 01 20
o in 1 re enues 000 1 0 1 92 90 0 2 11 90 155 90 9 12 250 159
erni t 1 1 25 20 95 10 20 2 2 5 2 9 101 sta s 000
1 uests 000 109 5 0 1 5 2 1 5 121
A era e sta 2 2 1 5 0 1 2 95 1 2 1 2
1 Forecast data (information extracted on April 2020). About Source: TP - Travel BI e RNT, INE (December 2019 data), ATL, Turismo do Porto and Portuguese Hospitality Atlas 2020; Analysis: Deloitte. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Regional analysis
Comparative analysis RevPAR Lisbon region vs Lisbon city ccupancy rate
2 90 5
1 9 2 Lisbon Lodging capacity city no of rooms
Guests 2 2 105 000 vernight stays 000
Lisbon1 Lisbon2 N TS II city 109 5 9
1 Lodging capacity for Lisbon Municipality. 1 25 1 1 2 RevPAR, Occupancy rate, overnight stays and guests: forecast data (information extracted on April 2020) Source: TP - Travel BI e RNT, INE (December 2019 data), ATL, Turismo About do Porto and Portuguese Hospitality Atlas 2020; Analysis: Deloitte. Contacts © 2020. For further information, contact Deloitte Corporate Finance, S.A. Home Regional analysis
Comparative analysis RevPAR North region vs Porto city
ccupancy rate 2 1 5 9
Porto 5 0 55 0
city Lodging capacity no of rooms
Guests 000 vernight stays 000 2 5 9
North1 Porto 2 N TS II city 5 2 2 22
1 Lodging capacity for Porto Municipality. 10 20 5 5 2 RevPAR, Occupancy rate, overnight stays and guests: forescat data (information extracted on April 2020) Source: TP - Travel BI e RNT, INE (December 2019 data), ATL, Turismo About do Porto and Portuguese Hospitality Atlas 2020; Analysis: Deloitte. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Regional analysis
Seasonality index by NUTS II 1
North Center Lisbon Alente o
Winter Winter Winter Winter
anuar e ruar anuar e ruar anuar e ruar anuar e ruar
Decem er arc Decem er arc Decem er arc Decem er arc
Spring Spring Spring
o em er A ril Spring o em er A ril o em er A ril o em er A ril
Autumn Fall
Autumn Fall Autumn Fall Autumn Fall cto er a cto er a cto er a cto er a
Se tem er une Se tem er une Se tem er une Se tem er une
Au ust ul Au ust ul Au ust ul Au ust ul
Summer Summer Summer Summer
Algarve R A A ores R A Madeira
Winter Winter Winter
anuar e ruar anuar e ruar anuar e ruar
Decem er Decem er Decem er arc arc arc Base 1 index
Spring Spring
o em er A ril Spring o em er A ril o em er A ril
Autumn Fall Autumn Fall Autumn Fall cto er a cto er a cto er a
Se tem er une Se tem er une Se tem er une
Au ust ul Au ust ul Au ust ul
Summer Summer Summer
1 Seasonality index= # overnight stay by month by NUTS II / Average annual overnight stay by NUTS II. About Source: INE; Analysis: Deloitte. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Regional analysis
Local accommodation North
1 1
Center
Lisbon 12 12
Alente o R. A. A ores 0 0
0 0
Algarve R. A. Madeira
33 34 National total:
21 , 1 otal rooms accommo ation units , otal e s accommo ation units
About Source: Registo Nacional de Estabelecimentos de Alojamento Local; Analysis: Deloitte. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home New hotel establishments in 2020
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1st uarter 1 2 2 2 2 1 1 2 Su se uent uarters 1 2 2 1 1 1 1 1 1 1 2 2 1
otal 9 22
Label:
# Hotel establishments Lodging House To be defined About
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Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Amesterdam European benchmark .9 12 . Frankfurt .
9.
London 1 . Berlin
1 1. 0.0 .
Brussels . Paris 9 .2 . ienna 0.9 10 . Milan 90. .2 Porto 10 . .0 Lisbon . 9.2
90. Barcelona Rome Label: Madrid 0.0 .9 Occupancy rate . 112. 9 . RevPAR 9.
Source: Observatório do Turismo de Lisboa, Associação de Turismo do Porto, About Observatoire du Tourism à Bruxelles, Madrid Destino, Analysis: Deloitte Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home National Top 5 Historical Evolution
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20 20
Accor Minor Hoti Hot is ila Gal Hotels Hotels Meli Hotels Pestana Hotels Hot is Resorts Resorts Pestana Pousadas
200 2009 2010 2011 2012 201 201 201 201 201 201 2019
Pestana Hotels Pestana Hotels Pestana Hotels Pestana Hotels Pestana Hotels Pestana Hotels Pestana Hotels Pestana Hotels Pestana Hotels Pestana Hotels Pestana Hotels Pestana Hotels 1 Resorts Pestana Resorts Pestana Resorts Pestana Resorts Pestana Resorts Pestana Resorts Pestana Resorts Pestana Resorts Pestana Resorts Pestana Resorts Pestana Resorts Pestana Resorts Pestana 2 Pousadas Pousadas 2 Pousadas 2 Pousadas 2 Pousadas 2 Pousadas 2 Pousadas 2 Pousadas 2 Pousadas 2 Pousadas 2 Pousadas 2 Pousadas 2
2 ila al Hot is ila al Hot is ila al Hot is ila al Hot is ila al Hot is ila al Hot is ila al Hot is ila al Hot is ila al Hot is ila al Hot is ila al Hot is ila al Hot is
Accor Hotels Accor Hotels Accor Hotels Accor Hotels Accor Hotels Accor Hotels Accor Hotels Accor Hotels Accor Hotels Accor Hotels Accor Hotels Accor Hotels
Esp rito Santo Esp rito Santo Esp rito Santo Tivoli Hotels Tivoli Hotels Tivoli Hotels Tivoli Hotels Tivoli Hotels Tivoli Hotels Tivoli Hotels Hoti Hot is inor 3 3 Hot is 3 Hot is Hot is Resorts 3 Resorts 3 Resorts 3 Resorts 3 Resorts 3 Resorts 3 Resorts 3 eli Hotels Hotels Resorts
5 Starwood Hotels IP Hotels IP Hotels IP Hotels IP Hotels IP Hotels ECS Capital SANA Hotels SANA Hotels arriott Hotels arriott Hotels Hoti Hot is Resorts Resorts Resorts eli Hotels Resorts 1 Ranking based on the number of accommodation units. 2 Pestana Hotel & Resorts / Pestana Pousadas and Pestana Hotel & Resorts / Pousadas de Portugal are the same Hotel group / Management entity. The entity’s designation was changed. 3 Grupos Espírito Santo Hotéis and Tivoli Hotels & Resorts are the same Hotel group / Management entity. About The entity’s designation was changed. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Portuguese Hotel Investment Survey
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Investment or recession? – Opinions diverge on whether the national hotel market is in an investment phase or not. About 36% of the respondents argues that the hospitality sector is in a period of recession, while 36% state that the sector is in the investment phase. As in the 1 previous year, Porto (44%) and Lisbon (38%) were referred as the most attractive Portuguese cities for hotel investment in 2021.
Who will invest? – 50% of the survey participants affirm thatinternational hotel chains and private equities will be the main capital source of the Portuguese hotel industry. 31% and 19% also have pointed out asset management firms and institutional investors, respectively, 2 as relevant funding sources for the hospitality sector. It is expected that capital will come mostly from Europe (63%), in particular from Portugal (19%). It can also be seen a relevant increase in the percentage of capital originating from North America (50%).
The attractiveness of the European market – 31% of the respondents selected Lisbon as the most attractive European city to hotel investment in 2020. Other European cities like Amsterdam, Barcelona, Dublin and Madrid are also among the most attractive cities to 3 investors in the sector.
Risks in the next 5 years – The increased supply for alternative products (56%) and the shortage of qualified labour force (50%) were considered as the main risks to the Portuguese hotel sector in the next 5 years. In Europe, the economy growth (73%), black and grey 4 swans (45%) and possible terrorist attacks (33%) are the risks that worry investors the most.
Covid-19’s Impact – The majority of the survey participants (69% in March 2020 and 73% in July 2020) believe that there will be a reduction in the average annual occupancy rates of more than 50%. Between March and June 2020, it was also noted an increasing pessimism regarding the 5 average daily rate (ADR) of the year. While in March, all the respondents expected an ADR reduction of 25% or less, in July, 36% of the participants admitted a possible ADR reduction between 25% and 50%.
Sector recovery – Between March and July 2020, there was also an increasing pessimism concerning the sector recovery. In March, the majority of the respondents (54%) believed that the beginning of the sector recovery would take place in early 2021, however, in July, only 18% 6 expected a recovery starting in early 2021 and, in most cases (55%), the participants predicted a recovery with effect from the second half of 2021. About
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Investments stage for the portuguese Most attractive portuguese regions for hotel investment hotel industry in 20201
n estment ea
Porto
2 ecession n estment
Others Lisbon 1
eco er
Algarve
0 1
About 1 Question with possibility of multiple answer. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Portuguese Hotel Investment Survey
Main capital sources for Portugal’s Portugal hotel industry main risks hotel industry1 (5 year horizon)1
Pri ate e uit nternational Asset nstitutional ncrease su l for S ille Com etiti e enture ca ital otel c ains mana ement fun s in estors alternati e ro ucts la our force mar ets ro t
50 50 1 19 5 50
Pension nsurance So erei n conom a our t er fun s com anies ealt fun s ro t le islation
0 1 19 19
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Main capital sources for Portugal’s hotel industry1
uro e
Portu al 19 t er 19 ort America 50
Sout America
About 1 Question with possibility of multiple answer. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Portuguese Hotel Investment Survey Amsterdam 19
Most attractive european cities London 1 for hotel investment in 2020 1
Dublin 19
Paris 1
Lisbon 1
Barcelona Label: Madrid 19 Hotel investment 19
1 Question with possibility of multiple answer. 6% of the participants also identified as more attractive other cities About than those above mentioned. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Portuguese Hotel Investment Survey
Risks associated with the hotel industry in the european context, over the next 5 years
9 20 15
5 5
9 0
Economy growth Politic tensions Terrorist attacks Black and grey swans vertourism phenomenon
ery important Important Less important
Challenges for the hotel industry in the european context, over the next 5 years
1 2 1 29 21
2
5 50 50
Investment opportunities rowth opportunities New technologies Attract and create loyalty Ability to retain highly qualified in Europe augmented operational margins adoption among new customers human resources millennials About ery important Important Less important Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Portuguese Hotel Investment Survey
Covid-19 impact on average annual occupancy rates
Perception in March 2020 Perception in July 2020
9 ccupancy rate ccupancy rate reduction of more than 50 reduction of more than 50
1 ccupancy rate reduction between 25 and 50 1 ccupancy rate reduction between 25 and 50
9 ccupancy rate reduction of 25 or less 0 No impact 0 ccupancy rate 0 No impact reduction of 25 or less About
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Covid-19 impact on average daily rate (ADR)
Perception in March 2020 Perception in July 2020
100 A R reduction A R reduction of 25 or less between 25 and 50
A R reduction of 25 or less
None of the participants identified the options “No impact”, “ADR reduction None of the participants identified the options “No impact” About between 25% and 50%” and “ADR reduction of more than 50%” as a possibility. and “ADR reduction of more than 50%” as a possibility. Contacts © 2019.2020. ParaFor further informações, information, contacte contact Deloitte Deloitte Consultores, Corporate S.A. Finance, S.A. Home Portuguese Hotel Investment Survey
Beginning of the recovery of the hotel sector
Perception in March 2020 Perception in July 2020
5 55 Beginning Second semester of 2021 of 2021
1 ourth uarter 2 ther of 2020
1 15 Third Beginning uarter of 2020 of 2021 0 ther 0 0 Third uarter of 2020 ourth uarter of 2020
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Were considered the following types of hotel establishments:
• Hotels; • Tourist apartments; • Apartment hotels; • Tourist village; • Lodging houses; and • Rural hotels.
For ranking purposes it was considered the total number of accommodation units in hotel establishments at 31st December 2019, including those which were temporarily not operating at that date. It should be noted that the units that compose the hotel complexes were considered disaggregated, i.e., they are recorded individually as hotel establishments. Accommodation units refer to the number of rooms and/or apartments. A double bed represents 2 beds, a T0 has 1 bedroom (2 beds), a T1 has 1 bedroom (2 beds), a T2 has 2 bedrooms (4 beds) and a T3 has 3 bedrooms (6 beds). The aggregation of hotel establishments in hotel groups / entities management complies its integration in a Group (entities that owns more than a hotel establishment) and / or the existence of a common denominator in their operation. Accor Hotels, Hoti Hotéis and Pestana Hotels & Resorts Group include tourism developments that are in a franchise system. The geographical division of Portugal complied with the NUTS II defined by National Institute of Statistics. The data collection from the 20 largest Groups was concluded on the second week of May 2020. The remaining information was collected through the websites of the Groups and independent hotel establishments, the databases of Turismo de Portugal and Regional Tourism Entities, as well as other public information. Tourist apartments with less than 10 apartments have not been considered. The information regarding the new hotel establishments expected for 2020 was collected until the last week of March 2020 and was based on Regional Tourism Entities information and public information.
Notes | Local Accommodation Were considered the following types of establishments:
• Apartments; • Lodging Establishments; • Lodging Establishments – Hostels; and • Dwellings.
The information was collected from the Registo Nacional do Alojamento Local (RNAL), available through the website of Turismo de Portugal, on first week of May 2020. The original information had a total of 96,760 establishments, but for the purpose of Atlas da Hotelaria 2020 we have considered a total of 92,017 establishments. The selection of establishments was based on the year of registration in the RNAL, therefore all establishments registered before 2000 and after 31st december 2019 were disregarded. According to information provided informally by Turismo de Portugal the registration of each establishment in the RNAL is performed autonomously and independently by the respective owners, so the accuracy of the information available is not the responsibility of the Turismo de Portugal.
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Duarte Galhardas Jorge Sousa Marrão Consulting Financial Advisory Partner Partner Tel: +351 965065615 Tel: +351 963902674 [email protected] [email protected]
Miguel Eiras Antunes Inês Cintra Costa Consulting Financial Advisory Partner Senior Manager Tel: +351 969658255 Tel: +351 962103923 [email protected] [email protected]
Rui Gidro Consulting Partner Tel: +351 933259269 [email protected] About
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