According to a report by "Dinheiro Vivo," the latest statistics from the Bank of Portugal show that in the first half of this year, spending by foreign tourists in Portugal exceeded 6 billion euros, an increase of 21% compared to the same period last year.
It is reported that tourism revenue in Portugal in the first half of this year accounted for 64.9% of the country's positive trade balance in goods and services, a year-on-year increase of over 1 billion (21%) to 6.087 billion euros. This means that the tourism industry brings in 33 million euros per day and 1.4 million euros per hour for Portugal.
Between January and June of this year, spending by Portuguese citizens abroad also showed an upward trend, with an increase of 13.2%, totaling 2.108 billion euros.
Additionally, according to the Portuguese newspaper "Jornal Económico," among many European tourist destinations, Portugal has the second-highest tourist occupancy rate in Europe, second only to the Netherlands. However, among coastal tourist destinations, Portugal's tourist occupancy rate ranks first in Europe, ahead of Croatia and Spain.
Recently, the global vacation rental search engine Holidu released the "Top 20 European Tourist Destinations with the Highest Occupancy Rates in Summer 2017." The report shows that Portugal is the country with the second-highest tourist occupancy rate in Europe, second only to the Netherlands.
According to experts from the Portuguese Institute for Tourism Planning and Development, tourism indicators in Portugal are expected to continue to rise in 2017, with China becoming a driving force for growth in the Portuguese tourism market in the second half of the year. With the opening of direct flights between China and Portugal, more and more domestic tourists or investors will arrive in Portugal, and the number of tourists in Portugal is bound to reach a new peak.
The booming development of Portugal's tourism industry is bound to drive rapid economic growth. As a real estate investment immigration program, the Portugal Golden Residence Permit will also be highly sought after by investors. Now is the perfect time to invest in Portuguese property! Whether you are holding the property for appreciation or investing for rental income, the returns are quite substantial.
Currently, investors only need to purchase property worth 500,000 euros or more to apply for the Portugal Golden Residence Permit. With one application, three generations can immigrate, allowing the whole family to enjoy Portugal's high-welfare benefits. For those interested in investing in Portugal, please call 400-138-2929 to contact WorldWay and consult with our professionals for further information.