Flash Estimate - In August 2024, overnight stays in the tourist accommodation sector of the Autonomous Region of Madeira grew by 4.6% year-on-year, reaching a new monthly record

According to the preliminary data for the tourist accommodation sector in the Region, for August 2024, it is estimated that 221.3 thousand guests arrived, generating 1 227.5 thousand overnight stays, reflecting positive year-on-year changes of 8.9% and 4.6%, respectively. In both variables, the values recorded correspond to new absolute monthly highs.

The cumulative figures of guest arrivals for the period from January to August 2024 (1 501.4 thousand; +5.7% compared to the same period in 2023) also demonstrate growth, as did the overnight stays, surpassing 7.9 million (+6.4% compared to the same period of 2023).

For comparability with data released by Statistics Portugal (INE), it is necessary to exclude local accommodation with fewer than 10 beds. Following this criterion, overnight stays in tourist accommodation in August 2024 showed a year-on-year decrease of 0.3%, contrary to the national trend (+3.8%).

In the Region, overnight stays by residents of Portugal decreased by 4.9% compared to the same month last year, amounting to approximately 204.0 thousand (16.6% of the total), while those by residents abroad increased by 6.8%, reaching 1,023.5 thousand. Additionally, in August, guests with residence in the country totalled 46.1 thousand, and those from abroad numbered 175.2 thousand.

In Portugal, in August 2024, overnight stays from residents totalled 3.6 million, +4.6% compared to the same month last year, while overnight stays from non-residents totalled 6.9 million, growing 3.4% compared to August 2023. All NUTS 2 regions recorded an increase in overnight stays, except for the Autonomous Region of Madeira (-0.3%). The largest increases were seen in Peninsula de Setúbal (+8.1%) and the Autonomous Region of Azores (+7.5%), while the most modest were recorded in Algarve (+1.1%) and Oeste e Vale do Tejo (+1.6%).

The preliminary estimated data in the Region for the reference month show that the emitting markets of residents abroad represented 83.4% of the total overnight stays. Within this group, in August 2024, the German market recorded the highest number of overnight stays, with approximately 205.3 thousand (+5.0% compared to the same month last year), followed by the United Kingdom, with 195.7 thousand (-3.2%) and France, with 123.9 thousand (+11.9%).

More detailed results for August 2024 will be published on October 14, 2024.

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