Hotel Room Investment Algarve Portugal

Algarve  Portugal

With the weakening of the pound, the rise in people opting for “staycations”, and the ever-changing preferences of the types of accommodation that tourists are opting for, serviced apartments are proving themselves to be very worthwhile investments.

Not only is there an increased demand for serviced apartments from domestic visitors, but also from overseas guests. In 2015 over 36 million people came to Portugal for a holiday, a 50% increase over the previous 12 years.

In The Algarve specifically, since being named the European Best holiday destination has seen significant investment. This has resulted in an increase in people visiting the Algarve, and as such The Algarve now welcomes over 14 million tourists and 4.8 million overnight guests annually.

More reasons to invest in hotel rooms in The Algarve

The Algarve Ranks 6th for Lambert Smith and Hamptons 2019; Hotel Growth Hotspot Ranking.

• 1st / 2nd Highest 3 year RevPAR (revenue per available room) of the top 6. – RevPAR increased by 13% over the last three years, fastest rate in the UK.
• Lower building supply, creating higher demand.
• High Tourist Arrivals rate v Supply Ratio