4 out of 5 Local Lodging establishments in Portugal saw reservations cancelled in the 6 months between March and August. Due to quarantines and more restrictive measures in force to mobility, Madeira and the Azores suffered the highest number of cancellations. The hotels in the Algarve recorded a global average…
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Not since September 2014 have new registrations been so low for Local Lodging Accommodations in Portugal. Given the drop in demand, many owners are now switching their properties to long-term leasing. Dennis Swing Greeneinfo at madeira-weekly.com