The tourist accommodation sector recorded, in 2025, 32.5 million guests and 82.1 million overnight stays, representing respective increases of 3.0% and 2.2%, but slowing down compared to the previous year, according to INE.
According to preliminary data from the National Statistics Institute (INE) for 2025, released this Friday, the 13th, these activities represented total revenues of 7.2 billion euros, which is equivalent to an increase of 7.2%, and 5.5 billion euros in revenue from accommodation, which grew 6.8%.
Despite the increases in relation to 2024, all these indicators represented slowdowns in relation to the previous variation: the 3.0% increase in guests compared to 5.2% in 2024, the 2.2% increase in overnight stays to 4.1% in 2024, total gains fell by 3.8 percentage points and room gains by 4.2 percentage points.
This slowdown trend was also seen in non-resident overnight stays, which rose 0.8%, compared to 4.9% a year earlier.
Conversely, growth in resident overnight stays accelerated from 2.2% in 2024, to 5.4% last year.
Despite these trends, non-residents continued to represent 69.4% of overnight stays in tourist accommodation establishments, totaling 57 million, compared to 25.1 million residents.
In this field, the Centro (68.2%) and Alentejo (66.8%) regions had the highest shares of overnight stays from national residents, while Madeira (82.5%) and Greater Lisbon (81.4%) had the greatest dependence on external markets.
According to INE, foreign markets predominated in all months of 2025, “with greater preponderance in the months of October and May”, when they reached 74.8% and 74.4% of total overnight stays.
December (38.7%) and August (35.8%) were the months with the highest percentage of overnight stays by residents.
Last year, the British market once again became the main source of overnight stays, contributing to 17.7% of total non-resident overnight stays, despite a 1.5% drop, followed by the German (11.3%), North American (9.6%) and Spanish (9.1%) markets.
Spain was the main external market in the Center (24.6%), West and Tagus Valley (22.5%), Alentejo (18.2%), North (16.7%) and Setúbal Peninsula, the USA in the Autonomous Region of the Azores (17.0%) and Greater Lisbon (16.8%), Germany in the Autonomous Region of Madeira (23.8%) and the United Kingdom in the Algarve (35.9%).
In the fourth quarter alone, 7.2 million guests and 17.1 million overnight stays were registered, representing increases of 2.9% and 1.9%, respectively, while total revenues reached 1.4 billion euros (+5.4%) and room revenues reached billion euros (+6.8%).

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