Latest news and stories about tourism in finance in Algarve, Portugal for expats and residents.
Carmen Garcia examines the growing economic divide that has rendered the Algarve region unaffordable for average Portuguese families, questioning the societal acceptance of this luxury status.
The Algarve's two primary hotel business associations, AHETA and AIHSA, have signed a memorandum of understanding to merge into a single entity, AETA, aiming to consolidate representation for over 1,200 members by the end of the year.
The British-owned Arrow has been given the green light to acquire the tourism and golf operations of Castro Marim Golf & Country Club, further expanding its already sizeable presence in The post Arrow gets green light to buy Castro Marim Golf & Country Club assets appeared first on Portugal Resident.
The Algarve should stop measuring tourism success simply by how many more visitors it can attract, according to the region’s tourism chief, who says the focus must now shift to The post Algarve tourism boss: ‘Double-digit visitor growth should no longer be the focus’ appeared first on Portugal Resident.
Portugal is expected to reach 50 million non-resident tourists and 53 billion euros in sector revenues by 2035, the Secretary of State for Tourism estimated today, citing data from the World Tourism Organization.
The Tourism 2035 strategy also aims to “correct regional asymmetries” and generate “greater development, greater growth, greater wealth and the distribution of that wealth” within Portuguese territory.
While promoting a congress in the Algarve, the Association of Hotels, Restaurants and Similar Establishments of Portugal says it wants to draw the attention of State decision-makers to the economic importance of the sector and the problems it faces.
The Portuguese government projects that tourism revenues will exceed 53 billion euros by 2035.
The Secretary of State for Tourism announced that the Tourism Strategy 2035 is approved and awaiting public presentation.
The Competition Authority (AdC) has given the 'green light' to the acquisition of exclusive control of the assets related to the operation of the Castro Marim Golfe & Country Club tourism and golf development in the Algarve by Flecha Lux 25, a company belonging to the British group Arrow. The AdC adopted a non-opposition decision regarding the concentration operation.
Lagoa hosts more than 1,200 tourism and restaurant entrepreneurs this Thursday and Friday for the AHRESP congress. The congress is held under the motto 'The Art of Knowledge — Where intuition meets the algorithm', with part of the debate intertwined with the challenges of artificial intelligence in the industry.
Home News MotoGP brings €56 million to Algarve economy MotoGP brings €56 million to Algarve economy The Portuguese MotoGP Grand Prix is bringing much more to the Algarve than motorsport fans, with a new study showing that last year's event contributed €56 million to the regional economy.
The MotoGP event in Portugal in 2025 generated significant economic impact, bringing in over 100 million euros and hosting spectators from 70 different nations.
An article detailing the economic impact and revenue generated by the MotoGP Portuguese Grand Prix.
The 2025 Portuguese MotoGP generated over 100 million euros for the national GDP and contributed 56 million euros to the Algarve economy. The race, which returns to the Algarve International Circuit from November 20 to 22, created 2,024 full-time jobs last year and generated 43 million...
Two of the Algarve’s main tourism business associations have cleared the way for a merger that will create a new organisation representing around 1,300 members across the region. Members of The post Algarve tourism associations approve merger to create AETA appeared first on Portugal Resident.
The MotoGP event in Portugal drew fans from 70 different nations and contributed €102 million to the local economy.
The MotoGP event in Portugal generates significant economic activity, contributing over 100 million euros to the national GDP.
The 2025 Portuguese MotoGP event contributed 102 million euros to the country's economy.
The 2025 Portuguese MotoGP generated an estimated €102 million in gross value added for the Portuguese economy, including €56 million in the Algarve, according to a new study commissioned by The post MotoGP Portugal generated €102 million for economy in 2025 – study appeared first on Portugal Resident.
The 2025 Portuguese MotoGP generated a significant economic impact, contributing 102 million euros to the Gross Value Added (GVA), with 56 million euros directly benefiting the Algarve's economy. The event, held at the Algarve International Circuit, attracted 166,000 spectators from 70 countries and created nearly 1,900 jobs. Costa, CEO of the circuit, highlighted the event as a strategic asset for the region. Portugal has secured the MotoGP until 2029.
Tourist accommodation in the Algarve generated €384.9 million in revenue in August, up 5.8% on the same month last year as the region outperformed the national average during the peak The post Algarve tourism revenues climb to €384.9 million in August appeared first on Portugal Resident.
Tickets will go on sale on Monday, but prices have not yet been announced. The Algarve Tourism Board expects an economic return of around 150 million euros.
Home Business The future of restaurants in the Algarve, the shake-out is coming The future of restaurants in the Algarve, the shake-out is coming There are around 5,000 restaurants in the Algarve. That sounds wonderful, but perhaps it is too many.
“I learned more from things done poorly, as an example of what not to repeat, than from things done well,” says Jorge Rebelo de Almeida, 77, founder and chairman of the Portuguese group Vila Galé. In 2026, the group marks four decades of a business history that began in the Algarve. Gonçalo Rebelo de Almeida, his son, ...
Hotel occupancy in the Algarve is expected to reach 80% in September, according to the president of the Algarve Hotel and Tourism Enterprises Association (AHETA), who provided a positive assessment of August. Hélder Martins noted that while domestic demand for traditional hotels may have shifted toward local accommodation, the region remains resilient. He highlighted that the outlook for September and October is positive, supported by favorable weather and a shift toward visitors with more flexible schedules and higher purchasing power after the school year begins.
Following the start of the school year, there is a “diversification” of the clientele towards “people with more free time and higher purchasing power.”
Business owners point to growth in luxury dining and accommodation, alongside a decline in the lower-end tourism segment.
There is a perspective error that continues to permeate budget debates in Portugal: treating culture as a social expenditure item, when it is, first and foremost, a productive sector capable of generating added value, employment, exports, and spillover effects on tourism, real estate, and territorial attractiveness. The numbers...
