The figures were published as part of the “TopHotelProjects” construction database, which shows the state of hotel development in Portugal.
According to the platform, sixteen new hotels will open in 2021, adding 2,120 rooms to the total supply, of which five are already in the pre-opening phase. In 2022, 11 more hotels with 1,980 rooms are expected, followed by seven more projects in 2023 and eight more in 2024.
Of the 42 new hotels, just under 75% will be four-star hotels, with the remainder set to be five-star units. The study also notes that Lisbon has a particularly active pipeline.
Fourteen new hotels with 2,490 rooms are expected to open in the Portuguese capital in the next few years, making it the fastest-growing city in the country in the sector. Eight new units with 1,801 rooms will be inaugurated in Porto, while Cascais has two projects, with a total of 173 rooms underway.
TopHotelProjects added that Meliá Hotels & Resorts is the most active player, building four hotels and 782 rooms. Turim Hotels is in second place, with three hotels and 339 rooms, while Radisson Red has two projects, with a total of 568 rooms.
The construction database also highlights the inauguration of the two highly-anticipated hotels. The first, located in Cascais’ historical centre, will be the Legacy Hotel Cascais, Curio Collection by Hilton, with 58 rooms, will open in the third quarter of 2023. Also of note is the 194-room Hilton Porto Gaia, which should be inaugurated in the third quarter of this year, and which boasts a panoramic view of Porto’s historic centre and the Douro River. The 77-room Sé Catedral Hotel Pis also scheduled to open in the third quarter of 2021.