International tourism is a major source of revenue that directly affects the growth of a country’s economy. explains better the tourism revenue for the North Region of Portugal. According to a communiqué from the office of the deputy economy minister, June’s figure signifies an increase of around €126 million.Revenue growth in the month in question reflects the increasing diversification of markets that seek Portugal as a tourist destination.Among the markets that grew the most are the United States, with an increase of 26.9%, followed by Spain (17.2%) and Brazil (with an increase of 16.7%).Ana Mendes Godinho, Secretary of State for Tourism, stresses the importance of continuing work with these issuing markets, and promoting sustainable tourism in the future.In an analysis of the first half of the year, and based on the same data, the Ministry states that tourism revenues rose to €7.3 billion, an increase of 6.5% (an increase of almost €450 million) compared to the same period in 2018.In the first six months of the year, the United States, Italy, Brazil and Spain contributed to this performance in tourism, with double-digit growth.© 2020 The Portugal News - Established 1977

Our vision is simple - think globally, act locally. The data reached an all-time high of 707 USD mn in Aug 2019 and a record low of 6 USD mn in Apr 2020. June also saw an increase to 1.4B euros which is an increase of more than 13% on last year. Tourism development in Portugal The tourism industry makes a ... Industry revenue of “hotels and similar accommodation“ in Portugal 2011-2023; Industry revenue …

According to a communiqué from the office of the deputy economy minister, June’s figure signifies an increase of around €126 million. Portugal's Tourism Revenue data is updated monthly, available from Jul 2006 to May 2020. Last year, it was reported that the revenue from tourism in Portugal was around $23 billion – which makes up for almost 11% of the national GDP. Portugal Tourism: Best of Portugal About Portugal Portugal’s Mediterranean charm is most prominent on the golden beaches of the Algarve; in the wilderness of the Azores islands; among the vineyards of Douro Valley; and on the cobbled streets of Lisbon and Porto, where old-world culture meets cosmopolitan bars and restaurants.

An increase compared to last year was somehow already predictable, as this year’s April included the Easter festivities, a holiday that in 2016 took place in March – nevertheless, its proportion did beat the initial expectations.As a matter of fact, according to Banco de Portugal, One needs to go back to June 2004 in order to find another monthly variation above the 30% threshold, and that was the month when the European Football Championship, held in Portugal, started to roll, having had an increase of 32.5%.This becomes even more relevant if we take into account that the third best variation overall since 1997 was the one registered in July 1998, with 28.5%, the year when Portugal welcomed the World’s Fair.The data revealing Portugal’s tourism revenue also show that the evolution registered in April prompted a growth surge in the year’s first four months, of 20.7%, an increase of almost 600 million euros – April is accountable for more than half of that figure, a month that, with its increase of 348 million euros, also reached its biggest growth in the last 20 years, surpassing the previous best mark, which was an increase of 186 million euros in September 2014.But the money spent by foreign tourists in Portugal is not the only surprising element in this unexpected month of April, as the Portuguese have also spent like never before abroad even exceeding the foreseeable growth that took into consideration the Easter effect.The data provided by the central bank indicate that the Portuguese have spent 410 million euros abroad, an increase of 25% or 81.97 million euros.This relative increase is the second strongest of the last 20 years, losing only to the +25.8% increase in April 2004, a month in which the Portuguese probably anticipated their summer holidays, in order to be on home soil during the European Football Championship.Looking at the year’s first four months, the tourism revenue of the Portuguese reached 1,352 million euros, an increase of 14.1% or 167 million.

This includes entertainment events such as sports games, concerts, and even cultural events. But, in 2020, COVID-19 cost the country $8,767 million in tourism revenue, which positions it third on the list overall and second among the most-impacted countries in Europe. International tourism has also opened up employment in most countries especially in the local communities.

Portugal’s tourism revenue reached a new high.

In the first quaurter of 2018 Portugals tourism revenue rose by +/-14% The bank of Portugal released figures showing that money generated by tourism increased to 6.9 billion euros. CEIC converts monthly Tourism Revenue into USD. Tourism Review Media – the leading multilingual platform since 2006.

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The model as well indicated that the tourism revenue are influenced by variations occurred in the number of national and foreigners tourists, in the available income of the national and foreigners tourists and still in …

Last April, Portugal recorded the biggest increase in spending by foreign tourists since 1997, surpassing for the first time ever the major impacts caused by Expo 98 and the European Football Championship in 2004. Portugal's Tourism Revenue reached 12 USD mn in May 2020, compared with 6 USD mn in the previous month.

This upsurge in expenditure, however, did not prevent Portugal from having in April the largest increase, in the last two decades, in the surplus of its tourism trade balance, with more than 266 million euros.With such an increase being registered in April, the year’s first four months has now reached a growth of 25.3% or 425.94 million euros, and now the country, for the first time ever, surpasses the threshold of 2,000 million euros net in Portugal’s tourism revenue, amassed throughout a period that is regarded, for the most part, as low season.

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