Econostrum | Economic News in the Mediterranean
     

Covid cuts 64% of Portugal's tourism receipts


Written on Tuesday, November 17th 2020 à 16:15 | Read 371 times



Without tourists, Portugal loses one of its economic pillars (photo: GT)
Without tourists, Portugal loses one of its economic pillars (photo: GT)
PORTUGAL. In a press release published on 6 November 2020, the National Institute of Statistics of Portugal (Ine) confirms the black year that the country is experiencing in terms of tourism. Over the first nine months of the year, the number of tourists fell by 59.3% (-73.8% of foreigners) and the number of overnight stays by 61.3% (-73.4% of foreigners). This drop in tourism translates into a turnover of €1.232 billion, down 64.5% compared with the first nine months of 2019.

More than 130,000 Portuguese companies employing 400,000 people are threatened by the closure of a sector that represents 8.7% of the country's GDP. 26 million foreign tourists visited Portugal in 2019.



In the same section
< >

   Partners











About Econostrum.info Econostrum.info is an independent media that deals with the daily economic news of the countries bordering the Mediterranean. Economic cooperation, business news by sector (Industry, Services, Transport, Environment, Society/Institutions), thematic files, airport news, airlines and shipping companies (new destinations)... are treated and analysed by a team of journalists present in the Mediterranean basin.
Subscribe to Econostrum.info To be the first to know, with unlimited access to all articles. To receive the weekly newsletters and special newsletters sent as soon as our files are published. Automatically renewable subscription, but the reader keeps control of it or yearly subscription. For individuals or professionals...