While tourism in Portugal posts steady performances, the hotel group announces the development of hotels in Lisbon and Porto.
"Lisbon is one of the most visited tourist destinations in Southern Europe and the signing of InterContinental Lisbon overlooking the city of Lisbon and Park Edouardo VII is a significant development for the brand in this region. Equally, Crowne Plaza Porto will be a meetings destination in its own right and well placed to provide quality accommodation and meeting support to business travelers and companies in the area," declared Robert Shepherd, Chief Development Officer Europe for IHG.
Recent tourism figures from Portugal, and Lisbon in particular, increasingly attract hotel investors. On the first six months of the year 2014, 1.5 million foreign tourists traveled to the Portuguese capital, meaning 14.3% more than during the same period last year. Supply markets with the strongest increases in occupancy on the period are France (+27.6%), the United Kingdom (+27.3%), Spain (+15%) and Germany (+13.9%). The recovery is also underway for hotel performances (read our article).
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