Portuguese Hotel Revenue Rose 7.8 Percent in October, INE SaysHenrique Almeida
Portugal’s hotels recorded a 7.8 percent rise in revenue in October from the same month last year as overnight stays by French, German, British, Brazilian and U.S. tourists increased.
Revenue rose to 173.5 million euros ($237 million) in October, the Lisbon-based National Statistics Institute said today in an e-mailed statement. In the first ten months of the year, revenue increased 5.2 percent to 1.77 billion euros.
Tourism represents about a tenth of Portugal’s gross domestic product, according to the Economy Ministry.