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Portuguese Hotel Revenue Rose 6.2% in August From a Year Earlier

Oct. 13 (Bloomberg) -- Portugal’s hotels recorded a 6.2 percent increase in revenue in August from the same month last year as overnight stays by British, Brazilian, Dutch and French tourists rose.

Revenue increased to 301.8 million euros ($414 million) in August, the Lisbon-based National Statistics Institute said today in an e-mail. For the year to date, revenue rose 7.3 percent to 1.34 billion euros.

Tourism represents about a tenth of Portugal’s gross domestic product, according to the Economy Ministry.

To contact the reporter on this story: Joao Lima in Lisbon at jlima1@bloomberg.net

To contact the editor responsible for this story: Tim Quinson at tquinson@bloomberg.net

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