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International market with an eye on Portugal’s tourism sector

The hospitality sector continues to surprise and surpass pre-pandemic numbers.

There is a new focus on the international tourism market map, with Portugal remaining at the top of the world’s most popular European destinations, where the cities of Lisbon, Porto, and the Algarve region fit in.

Hotel accommodation capacity is far from slowing down and this is an obvious fact in the city of Porto, with the latest openings from Mercan Properties. The highlight goes to the elegant and colossal Renaissance Porto Lapa Hotel, with 163 rooms and suites, which debuted in the Lapa area, shortly after the opening of Arts Hotel Porto, Tapestry Collection by Hilton. An innovative urban hotel with artistic influences, right in the center of Porto, with 53 exquisite rooms and suites of different types.

Data from the National Statistics Institute (INE) show that, in the first four months of this year alone, the municipality of Porto recorded a total increase of 1,569,543 overnight stays in the city.

The regions of Lisbon and Algarve also led the top of the most sought-after destinations during the Easter season, with the Portuguese capital already in ninth place of Spanish residents’ preferences as the European destination of choice for the summer of 2023.

This positive contribution is due to Mercan Properties’ performance in Portugal, where in the first 6 months of the year, Mercan Properties’ hotels grew significantly compared to last year, a positive contribution to the economy, and the tourism and hospitality industry in Portugal.

The success of the Canadian group company is demonstrated by consecutive satisfaction ratings of 9.4 on Booking, 4.5 on Tripadvisor, and 9.6 on Expedia. Mercan Properties has, at the moment. over 30 projects in Portugal, with 8 hotel properties currently in operation.

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