Despite the COVID-19 crisis, Portugal’s hotel entrepreneurs seem to be taking the drop in tourism in stride: more than three dozen hotels are set to open over the next three years, according to the construction database of TOPHOTELPROJECTS, a data company serving the industry.
Sixteen of those hotels are opening this year, according to the database, even though it’s unclear how tourism will look this spring and summer as Portugal struggles with its vaccine rollout and is on and off so-called red-lists, such as the U.K.’s just a few weeks ago.
Another 11 hotels are supposedly opening in 2022, seven in 2023, and eight in 2024 “and beyond,” according to TOPHOTELPROJECTS.
And they’re not talking about fly-by-night crummy “boutiques”: of the 42 total projects in the database, 75% are four-stars — the rest are five-star properties, the company says.
Related: A Hotel in the Santa Apolónia Station Is in the Works
Related: Number of Lisbon, Porto Short-Term Rentals Plunged in 2020
Related: Portugal is Paving the Path to Resume Travel Inside Europe
