Friday, 7 June 2013

Junne 2013 brings historic inflation in of 30% to Lisbon Hotels

Intersting Article in Portuguese magazine - Dinheiro Vivo.

Junho traz inflação histórica de 30% aos hotéis de Lisboa - Dinheiro Vivo

Lisbon hotel prices are reported to have gone up 30% in price on average between March 2013 and June 2013. One hopes this is a real reflection of market conditions.

The same article also reports that Hotels in most other Portuguese towns have dropped or at least maintained 2012 prices.

The only exception, which does not make any sense to me, is Lagos in the far western Algarve where I live. There is plenty of capacity here so I can only think that local hoteliers, like many other businesses in Lagos, are, as usual, being unrealistic!!