Portugal March Overnight Stays in Hotels: Summary

Following is a summary of Portugal’s tourist activity report from the Instituto Nacional de Estatistica in Lisbon:

================================================================================
                             March     Feb.     Jan.     Dec.     Nov.      YTD
                              2014     2014     2014     2013     2013
================================================================================
                             --------------Year-on-year % change---------------
Overnight stays              -0.8%     6.5%    10.1%     8.6%     5.9%     4.2%
 Residents                   -3.1%     1.9%     9.6%     6.1%     6.8%     1.8%
 Non-residents                0.2%     8.6%    10.3%    10.3%     5.4%     5.3%
-------------------------------------------------------------------------------
Guests                        2.7%     7.2%    10.9%     9.4%     8.9%     6.1%
-------------------------------------------------------------------------------
Total revenue                 2.9%     7.3%     6.4%    11.1%     5.6%     5.3%
 Hotel revenue                3.1%     7.6%     7.6%    11.5%     7.2%     5.9%
Avg revenue/room              0.8%     3.9%     5.8%    11.0%     5.8%     3.6%

================================================================================
                             March     Feb.     Jan.     Dec.     Nov.      YTD
                              2014     2014     2014     2013     2013
================================================================================
                           ------------------Number in thousands---------------
Overnight stays            2,739.6  2,011.0  1,724.1  1,816.6  2,107.5  6,478.8
 Residents                   800.9    601.4    567.9    715.2    669.5  1,969.6
 Non-residents             1,938.7  1,409.7  1,156.3  1,101.5  1,438.0  4,509.3
-------------------------------------------------------------------------------
Guests                     1,039.1    775.9    702.5    790.8    859.4  2,514.0
-------------------------------------------------------------------------------
Average nights stayed         2.64     2.59     2.45     2.30     2.45     2.58
Bed occupancy rate (%)        32.6     27.1     22.0     23.4     26.9     27.4
                         ----------------------Million euros-------------------
Total revenues               121.7     88.3     77.0     91.5     98.0    287.4
 Hotel revenues               82.1     58.2     51.7     58.0     65.4    192.6
Avg revenue/room (euro)       21.4     17.3     14.4     16.3     18.2     17.9
================================================================================

NOTE: Figures are preliminary and subject to revisions.

SOURCE: National Statistical Institute INE

(Portugal’s National Institute of Statistics)

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