Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Tourism rebounds in Portugal from pandemic slump

by
June 7, 2022
in Investing News
0
Tourism rebounds in Portugal from pandemic slump
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter
ANDRE LERGIER-UNSPLASH

LISBON — Tourism is rebounding more quickly in Portugal than in some parts of Europe, but the number of foreign visitors this year is still expected to lag the pre-pandemic record of 2019, the country’s hotel association AHP said on Monday.

The number of tourists visiting Portugal recovered to 5.9 million in 2021, a year after plunging to 3.9 million, its worst results since the mid-1980s and far off the record 16.4 million in 2019.

The chief executive of Portugal’s hotel association AHP, Cristina Siza Vieira, said demand was set to increase “immensely” during the summer season, with hotels expecting to reach pre-pandemic levels over that period.

Bernardo Trindade, AHP’s president, said recovery of tourism in Portugal was happening faster than in other European countries, mostly thanks to its location, far from the war ravaging Ukraine, and people’s perceptions of it as a safe place to visit.

But when looking at 2022 as a whole, hoteliers are not as optimistic, Ms. Siza Vieira told Reuters.

“Possibly, when we close the year in December, we could get close to 2019 levels but not at the same level yet,” she said.

There are two big challenges the sector is facing: staffing shortages and rampant inflation, Ms. Siza Vieira explained.

According to Portugal’s statistics office INE, hotels and restaurants employed 266,600 people in the first quarter of 2022, 45,200 more than in the same period last year, but 33,200 less than in the first three months of 2019.

Portugal’s tourism sector accounted for almost 15% of gross domestic product before the pandemic and was one of the main drivers of its recovery from the 2010-14 economic and debt crisis. — Reuters

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
US official says will respond forcefully if North Korea holds nuclear test

US official says will respond forcefully if North Korea holds nuclear test

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Driven by a passion, realizing a vision

Driven by a passion, realizing a vision

August 17, 2022
Significant China slowdown may hurt PHL credit rating

Significant China slowdown may hurt PHL credit rating

July 28, 2022
Kia Sorento 2.2 SX 4×2 AT: K-posh

Kia Sorento 2.2 SX 4×2 AT: K-posh

July 24, 2022
Bavarian Nordic monkeypox vaccine wins EU approval

Bavarian Nordic monkeypox vaccine wins EU approval

July 25, 2022
Agri experts: Forget zero hunger, focus on farmers

Agri experts: Forget zero hunger, focus on farmers

July 31, 2022
Natural Gas: The key to clean energy transition

Natural Gas: The key to clean energy transition

August 16, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.