Recently, tourism data released by the National Statistics Institute of Portugal showed that in the first 8 months of this year, Portugal has already welcomed over 18 million tourists, an increase of 1.2 million compared to the same period last year.
Data shows that in August of this year, the number of tourists received by Portugal reached 3.3 million, an increase of 6.6% compared to the same period last year, with a total of 9.5 million overnight stays recorded, of which 6.1 million were from foreign markets. British, Spanish, and French nationals accounted for more than half of the overnight stays by foreign tourists in August, while Americans, Brazilians, and Irish nationals were among the foreign tourists with the highest year-on-year growth. It is worth mentioning that Chinese tourists have also become a standout in the Portuguese tourism market, with a growth rate as high as 15.5%.
In the first 8 months of this year, total revenue from the Portuguese tourism industry grew to 630 million euros, an increase of 6.4% compared to 2018. The average price per available room also increased to 84.4 euros.
As a livable and tourist-friendly European country, Portugal can meet the needs of many tourists and residents in terms of food, clothing, housing, transportation, and leisure. More and more people are choosing to go to Portugal for various reasons, such as tourism, immigration, and study abroad. In the World Travel Awards, Portugal has been named the "World's Leading Destination" and "Europe's Leading Destination" for the past three years.
Portugal has won the "Europe's Leading Destination" award for three consecutive years
Capital Lisbon — "Europe's Leading City Break Destination"
Southern Algarve — "Europe's Leading Beach Destination"
2019 Global Peace Index Report: Portugal in Top 3
2018 Global Quality of Life: Portugal in Top 2
Research conducted by the World Travel & Tourism Council (WTTC) indicates that in 2018, 1 out of every 5 euros in Portugal came from the tourism industry. Furthermore, the Portuguese tourism industry, which ranks in the top 3 in Europe for growth rate, provides 1/5 of the country's jobs, further demonstrating the importance of this industry to Portugal. The study also shows:
◆ The growth level of the Portuguese tourism industry in 2018 (9.6%) was the highest among EU countries and far higher than the EU average of 3.1%
◆ There are over 1.05 million people employed in the tourism industry, accounting for 21.8% of all jobs
◆ Leisure tourists in Portugal account for 85%, and business tourism accounts for 15%
◆ International and domestic tourists account for 69% and 31% respectively
The WTTC predicts that the Portuguese tourism industry will grow by 5.3% this year, more than double the European average of 2.5%.
The continued boom in the Portuguese tourism industry has driven rapid economic growth in the country, leading more and more investors to set their sights on Portugal. Currently, through the Portugal Golden Residence Permit Program, investors can purchase qualifying properties starting from 350,000 euros to apply for a Portugal Golden Residence Visa for three generations of their family, enjoying Portugal's beautiful scenery, medical care, education, retirement benefits, and more, while also being able to travel freely through 26 Schengen countries—a multi-benefit solution.
Since 2018, the Portuguese government has successively introduced open immigration incentive policies, such as lowering the threshold for naturalization and relaxing conditions for permanent residency, opening its arms to welcome global investors. This is highly attractive to investors interested in immigrating to Portugal. Therefore, those interested in investment immigration to Portugal should seize the great opportunity for low-cost immigration during this period of favorable policies; apply early and benefit early!
As an active promoter of European investment immigration, WorldWay Group joined hands with the Embassy of Portugal in China as early as 2013 to introduce the Portugal "Golden Residence Permit Program" to China, starting a wonderful journey of Portuguese investment immigration. As one of the earliest immigration agencies to promote the Portugal "Golden Residence Permit Program" in China, WorldWay has maintained good interaction with the Portuguese government for many years to help you immigrate to Portugal with ease!
Great news! To thank new and old clients for their continued trust and support, at the end of 2019, WorldWay is launching a "Year-End Mega Promotion, Giving Back to Clients" full-line discount event. From December 1st to 31st, 2019, there will be many activities, many discounts, and many surprises. We welcome all new and old clients to actively participate and seize the opportunity! For more details, please consult: 400-138-2929.
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