Travel retail constant value sales (2022 prices) rebounded at an accelerated pace in 2022 but remained well below their pre-pandemic peak, amid the easing of most remaining COVID-19 restrictions. During 2022, the recovery in inbound arrivals was driven by the easing of most remaining pandemic restrictions, with non-European markets like Brazil a significant source of growth.
The number of people travelling by air more than doubled during 2022 but remained well below their pre-pandemic peak. The positive impact of the easing of COVID-19 restrictions was partly offset by rising fuel costs and elevated inflation more generally.
Lodging (destination) room nights continued to recover in 2022 due to the elimination of most pandemic restrictions but nonetheless remained well below their pre-pandemic peak. Elevated inflationary pressure played a role in impeding the recovery by making many consumers more price sensitive.
The recovery in booking accelerated during 2022, but retail constant value sales (2022 prices) remained well below their pre-pandemic peak. After two very difficult years, many travel agencies came off life support in 2022.
Inbound arrivals will continue to recover, but the number of trips will remain below its 2019 peak even at the end of the forecast period. Inflation is likely to remain elevated during at least the early part of the forecast period, which will weigh on growth in both inbound arrivals and outbound departures.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Travel industry in Portugal with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Travel industry in Portugal, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.See All of Our Definitions
This report originates from Passport, our Travel research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!