Algarve's Occupancy Rate Decreases to 51.9%
The Algarve made a major comeback in tourism during March 2024, blowing past pre-pandemic numbers, and it looks like key markets such as Canada, Netherlands, Germany, UK, and even the domestic market jumped on board too.
Despite a minor dip in the British and national markets, compared to the same period in 2023, the numbers are still significantly improved from 2019. The average stay in Algarve accommodations came in at 4.3 nights, a 0.4 p.p. increase from the same month in 2024.
Notably, the Norwegian, Swedish, and Dutch markets boasted some of the longest stays, with Norwegians leading the pack at 12.8 nights. This is quite the recovery, folks! The Algarve welcomed an impressive 5.2 million tourists in 2024, with a whopping 3.8 million of them international visitors.
Not only are more tourists visiting, but the region is making strides in sustainability as well. Nearly one-third of the accommodation capacity is participating in the "Save Water" initiative, showcasing a commitment to eco-friendly tourism.
Overall, the Algarve has been making a strong recovery in tourism, with March 2024 seeing a clear upward trend. With the focus on attracting international tourists and prioritizing sustainable practices, this renewed interest in the region doesn't seem to be slowing down anytime soon. It's a bright future for this tourism hotspot! 💰🌞
- The Algarve attracted a remarkable 3.8 million international visitors in 2024, demonstrating a strong recovery in tourism.
- Norway, Sweden, and the Netherlands were among the key markets that significantly extended their stays in Algarve accommodations.
- The Algarve has demonstrated a commitment to eco-friendly tourism, with nearly one-third of the accommodation capacity participating in the "Save Water" initiative.
- The future looks bright for the Algarve, as it continues to attract international tourists and prioritize sustainable practices, with no signs of slowing down in finance, business, travel, or lifestyle sectors.
