Emerging Tourism Markets See Significant Growth

25 May 2019Richard D. K. Turner

According to Savills’ latest report on hospitality trends in Europe, cities such as Dublin, Lisbon and Madrid, and alternative operating structures, such as non-leased operating structures, offer higher income opportunities for investors willing to take more risks.

According to Savills, while well-established tourist cities like London and Paris account are the destination of choice for a large contingent of international travellers, smaller, emerging cities are seeing the highest levels of growth. Growth has been significant in Lisbon, Bucharest, Budapest and Prague over the past three years, coupled with increasing levels of interest in such destinations, as evidenced by travel-related Google searches.

In 2018, Portugal played host to more than 21 million domestic and international tourists, bringing in revenues of approximately 3.6 billion euros, an increase of 6% year-on-year. Lisbon was also named the Best Destination City of the World and Best Destination of City Break by the World Travel Awards last year.

Original Story: Construir

 

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