Portugal Tourism Clearly on a Roll
Growth in the Portuguese tourism sector was among the fastest in Europe last year, with travel now accounting for €1 in every €5 spent in the country.
The sector also accounts for one in five of all jobs in the destination, demonstrating the importance of the hospitality market to the country.
The figures come from the World Travel & Tourism Council’s annual review of the economic impact and social importance of the sector.
The research, conducted for almost 30 years by WTTC, shows that in 2018 the Portuguese tourism sector grew by 8.1 per cent to contribute €38 billion to the Portuguese economy.
This represents 19.1 per cent of the total economy activity in the country. Tourism employed 1.05 million people, or 21.8 per cent of all jobs, with the marker dominated by international leisure travelers.
Portugal was also last year recognized as the World’s Leading Destination by voters at the World Travel Awards.
Looking forward to 2019, WTTC predicts the Portuguese tourism sector will grow by 5.3 per cent this year, more than double the European average of 2.5 per cent.