Total revenue reached €2 billion, and accommodation revenue totalled €1.6 billion, reflecting increases of 9.4% and 9.8%. In the previous quarter, the increases were 4.6% and 4.1%, respectively.

The data is provided by the National Statistics Institute (INE), which indicates that overnight stays grew in all three accommodation segments: 4% more in hotels (81.2% of the total), 3% more in local accommodation (14.9% of the total), and 13.1% more in rural and residential tourism (3.9% of the total).

The Algarve was the region with the highest concentration of overnight stays in the second quarter of 2025 (27.1% of the total), followed by Greater Lisbon (23.4% of the total) and the North (17.8%). Overnight stays by residents were concentrated more in the North (21.7% of the total), while those by non-residents occurred mainly in the Algarve (30.5% of the total).

External markets dominated the sector in this second quarter, accounting for 72.3% of total overnight stays, registering 16.7 million overnight stays (up 2.9%). Resident overnight stays totalled 6.4 million, an increase of 7.6%.

However, the INE points to a "decreasing dynamic" in dependence on external markets, as the 72.3% percentage represents a decrease of 0.9 percentage points compared to the same quarter last year. This is the third consecutive quarter in which the weight of these markets has decreased year-on-year.

In the second quarter, Greater Lisbon was the region with the greatest dependence on foreign markets in terms of overnight stays (82.9% of the total), followed by the Autonomous Region of Madeira (82.4%) and the Algarve (81.4%). The Central region and Alentejo showed less dependence on foreign markets, representing 34.6% and 36%, respectively.

In the second quarter of 2025, the British market maintained its leadership (19.3% of total non-resident overnight stays in this quarter), registering a 1.9% increase compared to the same quarter last year.

Overnight stays in the German market, the second largest source market (11.3% of the total), increased by 2.1%. This was followed by the North American market (10.4% share), which grew by 5.9%.

Among the ten main source markets in the second quarter, the Spanish market registered the highest growth (up 9.2%). Conversely, the French market saw the largest decline (down 9.3%).

The United States of America (USA) was the main foreign market in four regions: the Autonomous Region of the Azores (18.6% of non-resident overnight stays recorded in this region), Greater Lisbon (18.3%), Alentejo (15%), and the North (14%).

Spain was the main market in the West and the Tagus Valley (22.5%), the Center (22%), and the Setúbal Peninsula (14.6%). The United Kingdom was the main foreign market in the Algarve (39%), and Germany was the main foreign market in the Autonomous Region of Madeira (23.3%).