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Portuguese Hotel Revenue Rose 4.3 Percent in September, INE Says

Nov. 14 (Bloomberg) -- Portugal’s hotels recorded a 4.3 percent rise in revenue in September from the same month last year as overnight stays by German, British, Spanish, French and U.S. tourists increased.

Revenue rose to 230 million euros ($309 million) in September, the Lisbon-based National Statistics Institute said today in an e-mailed statement. In the first nine months of the year, revenue increased 4.9 percent to 1.59 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: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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