Portuguese tourism expected to return to pre-pandemic levels in 2023

With the plan, Portugal’s tourism sector is forecasted to reach €27 billion in revenue in 2027. [Shutterstock/Nella]

Tourism in Portugal should reach 2019 levels by 2023, the president of Portugal’s tourist board, Luís Araújo said at a presentation in Ponta Delgada of the “Reactivate tourism. Build the future” programme.

Luís Araújo said that this goal is perfectly possible although very subject to the connectivity and mobility conditions of the coming years. Current indicators show “huge demand” for the destination, the president of Turismo de Portugal highlighted.

With the plan, Portugal’s tourism sector is forecasted to reach €27 billion in revenue in 2027. This programme is based on four axes – Building the Future, Supporting Business, Generating Business and Fostering Safety.

In total, €6.11 billion will be allocated to the sector, of which €4.07 billion will be provided by the country’s development bank, known as Banco Português de Fomento. Of the total pot, around half or €3 billion of the total allocation will go to companies, while the building future component will be given €2.5 billion. (Inês Linhares Dias, Lusa.pt)

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