The impact of the Covid19 pandemic on the Local Lodging Accommodation (“AL”) market is devastating. In May, average occupancy rates reached only 5% in Lisbon and 3% in Porto, worsening the already low levels observed in April when Lisbon registered an average occupancy rate of 10% and Porto 11%. Despite…
Posts tagged as “local lodging”
The Portuguese government is creating a specific programme of €4.5m to encourage “AL” holiday lets to be transformed to affordable rents for young people. The purpose of the programme is open more affordable housing for urban youth that is accessible and with better conditions. The government also proposes to make…
Social Democrat Deputy (PSD), Paulo Neves, has expressed his concern about the lack of support and attention from the Government of the Republic to entrepreneurs in the tourism industry and, in particular, to entrepreneurs in local accommodation (AL).
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…
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