Pages Navigation Menu

Portugal to have 170 new hotels by 2023

Portugal to have 170 new hotels by 2023

Up to 170 new hotels are slated to open in Portugal over the next five years, according to the real estate consultants Cushman & Wakefield.

The news was published in its annual Portugal market report for 2018 which gives an overview of the prospects for 2019.

Forty per cent of the projects announced will be four- and five-star hotel units with 31% of these located in the Greater Lisbon Area, according to the same analysis.

Read more in the Algarve Resident