Unlimited expectations Portuguese Hospitality Atlas 2018 ......2018/06/20 · (which are part of...

Unlimited expectationsPortuguese Hospitality Atlas 2018 - 13th edition

Preface

Jorge Sousa Marrão Real Estate Sector Leader

It is with great pleasure that we release the 13rd edition of the Portuguese Hospitality Atlas, a tool that has already assume itself as a reference in the Portuguese sector and cross border.

Along 2017, the domestic tourism sector continued to give evidence of its potential, breaking records not only in the number of guests but also in terms of the generated wealth. With this dynamic context, we also witnessed a valuation of the real estate assets that are the basis of the hotel business.

It is with great pride that we continue to dedicate ourselves to the tourism sector, always bearing in mind that, the success of this initiative is due primarily to the players who work on it every day.

We want to thank once again for the constant support and collaboration with the Portuguese Hospitality Atlas.

Unlimited Expectations

Contents

© 2018. For further information, contact Deloitte Consultores, S.A.

National ranking

Breakdown by classification

Breakdownby type

Regionalanalysis

Atlasevolution

European benchmark

About

Contacts

New hotel establishments

in 2018

https://www2.deloitte.com/content/dam/Deloitte/pt/Documents/transportation-infrastructures-services/Atlas%20da%20Hotelaria%202018_PT_19-6-2018_v2.pdf


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About

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National ranking


National rankingRanking of Hotel groups / Management entities in Portugal (number of accommodation units)

Accommodation units represent the number of rooms and/or apartments.Pousadas de Portugal only include the Monumental & Historical Hotels that are under management of Pestana Hotels & Resorts Group. This analysis was prepared based on public available information. Data relating to the hotel establishments Sheraton Lisboa Hotel & Spa and The Fontecruz Lisboa (which are part of Marriott Hotels & Resorts) was based on public available information. Data relating to the hotel establishments Intercontinental Porto, Lisboa and Cascais (which are part of InterContinental Hotels Group - IHG) was based on publicly available information.

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2

3

4

5

1

About

Contacts

Pestana Hotels & Resorts / Pousadas de Portugal

Vila Galé Hotéis

Accor Hotels

Hoti Hotéis/ Meliá Hotels & Resorts

Marriott Hotels & Resorts

Minor Hotels

SANA Hotels

VIP Hotels

InterContinental Hotels Group - IHG

NAU Hotels & Resorts

Dom Pedro Hotels

HF Hotéis Fénix

Continental Hotels

DHM - Discovery Hotel Management

Porto Bay Hotels & Resorts

Turim Hotéis

Hotéis Real

MGM Muthu Hotels

Luna Hotels and Resorts

Bensaude Turismo

69

21

32

18

12

12

14

12

10

10

7

9

12

14

9

14

8

6

14

8

3.5%

1.1%

1.6%

0.9%

0.6%

0.6%

0.7%

0.6%

0.5%

0.5%

0.3%

0.4%

0.6%

0.7%

0.5%

0.7%

0.4%

0.3%

0.7%

0.4%

311

484

1,198

15.6%

24.3%

60.1%

7,888

4,189

3,360

2,655

2,584

2,411

2,217

2,066

1,844

1,434

1,399

1,363

1,334

1,310

1,293

1,238

1,231

1,220

1,211

1,063

5.5%

2.9%

2.4%

1.9%

1.8%

1.7%

1.5%

1.4%

1.3%

1.0%

1.0%

1.0%

0.9%

0.9%

0.9%

0.9%

0.9%

0.9%

0.8%

0.7%

43,310

47,686

52,093

30.3%

33.3%

36.4%

16,122

8,698

6,651

5,277

5,804

5,482

4,371

4,252

3,820

3,451

2,915

2,640

2,589

2,800

2,557

3,142

2,561

2,848

2,695

2,105

5.3%

2.8%

2.2%

1.7%

1.9%

1.8%

1.4%

1.4%

1.3%

1.1%

1.0%

0.9%

0.9%

0.9%

0.8%

1.0%

0.8%

0.9%

0.9%

0.7%

90,780

103,588

111.592

29.7%

33.8%

36,5%

1,993 100% 143,089 100% 305.960 100%

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2

4

5

3

3

2017

Sub-total

Other Hotel groups / Management entities

Independent

Total

1

3

2

5

2

7

9

10

11

13

15

16

14

12

17

19

20

-

1

3

64

46

88

5

7

9

10

11

12

13

14

15

16

17

18

19

20

Ranking of Hotel groups / Management entities in Portugal (number of accommodation units)1

1

2

3

Hotel group /Management entity

Hotelestablishments

Lodging capacityaccomodation units Beds International

presenceRanking

Current No. % of total No. % of total No. % of total Yes / No

1


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Breakdown by type

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Breakdown by type

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2%(35)

1%(1,274)

3%(58)

4%(5,915)

5%(98)

7%(149)

10%(205)

74%(105,282)

73%(1,448)

1,993 Hotel establishments

National total:

143,089 Accommodation units1

9%(12,575)

11%(16,077)

1%(1,966)

Hotel

Rural Hotel Tourist Village Lodging Houses

Tourist Apartment Hotel-apartment

2%(35)

1%(1,274)

3%(58)

4%(5,915)

5%(98)

7%(149)

10%(205)

74%(105,282)

73%(1,448)


National total:


9%(12,575)

11%(16,077)

1%(1,966)

Hotel

Rural Hotel Tourist Village Lodging Houses

Tourist Apartment Hotel-apartment

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Accommodation units represent the number of rooms and/or apartments.1



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National total:


8%(167)

16%(22,779)

38%(754)

49%(70,667)

33%(662)

26%(36,650)

16%(327)

7%(10,657)

3%(48)

1%(1,062)

2%(35)

1%(1,274)

Hotel establishments

Accommodation units

5 Star 4 Star 3 Star 2 Star 1 Star Lodging House


National total:


8%(167)

16%(22,779)

38%(754)

49%(70,667)

33%(662)

26%(36,650)

16%(327)

7%(10,657)

3%(48)

1%(1,062)

2%(35)

1%(1,274)

Hotel establishments

Accommodation units

5 Star 4 Star 3 Star 2 Star 1 Star Lodging House


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Regional analysis

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National total:

143,089 Accommodation units

22% 15%

Norte

16% 21%

Lisboa

4% 3%

R. A. Açores

7% 10%

R. A. Madeira

21% 14%

Centro

8% 5%

Alentejo

22% 32%

Algarve

Regional analysisBreakdown by NUTS II

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Top 5 Hotel groups / Management entities by NUTS II

The analysis was prepared based on public information.Data relating to the hotel establishments Intercontinental Porto, Lisboa and Cascais (wich are part of Intercontinental Hotels Group-IHG) was based on public available information. Data relating to the hotel establishments Sheraton Lisboa Hotel & Spa and The Fontecruz Lisboa (which are part of Marriott Hotels & Resorts) was based on public available information.

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Regional analysis

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Norte Total(21,585)

AccorHotels

6%(1,204)

HF HotéisFénix

4%(819)

Axis Hotéise Golfe

4%(816)

InterContinental Hotels

Group - IHG

3%(758)

Hoti Hotéis/ Meliá Hotels

& Resorts

3%(655)

Others

80%(17,333)

Centro Total(20,308)

3%(659)

3%(623)

3%(511)

2%(488)

2%(442)

87%(17,585)

Grupo de Desenvolvimento

das Termas de Portugal

Hoti Hotéis/ Meliá Hotels &

Resorts

Montebelo Hotels & Resorts

Fátima Hotels

Natura IMB Hotéis

Others

Alentejo Total(6,458)

10%(638)

7%(454)

4%(266)

3%(205)

3%(155)

73%(4,740)

Sonae Capital

Pestana Hotels & Resorts / Pousadas

de Portugal

Vila Galé Hotéis

Blue & Green M'ar de Ar Hotels

Others

Lisboa Total(30,217)

6%(1,901)

6%(1,837)

6%(1,673)

5%(1,404)

3%(985)

74%(22,417)

SANA Hotels

VIP Hotels

Accor Hotels

Marriott Hotels& Resorts


Resorts

Others

R. A. Madeira Total(14,735)

24%(3,565)

6%(812)

5%(788)

5%(747)

5%(679)

55%(8,144)


de Portugal

Porto Bay Hotels

& Resorts

Savoy Hotels & Resorts

Four Views Hotels

HotéisDorisol

Others

Algarve Total(45,084)

5%(2,139)

5%(2,066)

3%(1,521)

3%(1,258)

2%(1,050)

82%(37,050)

Vila Galé Hotéis


de Portugal

Minor Hotels


MGM MuthuHotels

Others

R. A. Açores Total(4,702)

20%(935)

9%(446)

6%(274)

5%(229)

5%(229)

55%(2,589)

Bensaude Turismo

Azoris Hotels & Leisure

Grupo Ciprotur

VIP Hotels

Açorsonho Hotéis

Others

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1

1

2

1

11

1

1

1

1

The analysis was made based on public information.

Norte Total(21,585)

AccorHotels

6%(1,204)

HF HotéisFénix

4%(819)

Axis Hotéise Golfe

4%(816)

InterContinental Hotels

Group - IHG

3%(758)

Hoti Hotéis/ Meliá Hotels

& Resorts

3%(655)

Others

80%(17,333)

Centro Total(20,308)

3%(659)

3%(623)

3%(511)

2%(488)

2%(442)

87%(17,585)

Grupo de Desenvolvimento

das Termas de Portugal


Resorts

Montebelo Hotels & Resorts

Fátima Hotels

Natura IMB Hotéis

Others

Alentejo Total(6,458)

10%(638)

7%(454)

4%(266)

3%(205)

3%(155)

73%(4,740)

Sonae Capital


de Portugal

Vila Galé Hotéis

Blue & Green M'ar de Ar Hotels

Others

Lisboa Total(30,217)

6%(1,901)

6%(1,837)

6%(1,673)

5%(1,404)

3%(985)

74%(22,417)

SANA Hotels

VIP Hotels

Accor Hotels

Marriott Hotels& Resorts


Resorts

Others

R. A. Madeira Total(14,735)

24%(3,565)

6%(812)

5%(788)

5%(747)

5%(679)

55%(8,144)


de Portugal

Porto Bay Hotels

& Resorts

Savoy Hotels & Resorts

Four Views Hotels

HotéisDorisol

Others

Algarve Total(45,084)

5%(2,139)

5%(2,066)

3%(1,521)

3%(1,258)

2%(1,050)

82%(37,050)

Vila Galé Hotéis


de Portugal

Minor Hotels


MGM MuthuHotels

Others

R. A. Açores Total(4,702)

20%(935)

9%(446)

6%(274)

5%(229)

5%(229)

55%(2,589)

Bensaude Turismo

Azoris Hotels & Leisure

Grupo Ciprotur

VIP Hotels

Açorsonho Hotéis

Others

3

1

1

2

1

11

1

1

1

1

The analysis was made based on public information.


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Average size of the hotel establishments (no. of accommodation units)

The national average is the average size of the hotel establishments in terms of accommodation units.Accommodation units represent the number of rooms and / or apartments.

2

1

1

Regional analysis

About

Contacts

4949

41

105

9671

103

53

NorteCentro

Alentejo

R. A. Madeira

LisboaNational average

Algarve

R. A. Açores2

Average size of the hotel establishments (no. of accommodation units)


Home


Comparative analysis by NUTS II

Occupancy rate: 2017 forecast data. Source: TP (Turismo de Portugal) - Travel BI and RNT, INE (December 2017 data - Information extracted on 12.03.2018), ATL and Turismo do Porto; Analysis: Deloitte.

1

Regional analysis

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RevPAR

Norte

42,17€

Centro

26,14€

Alentejo

31,42€

Algarve

53,19€

Lisboa

72,59€

R. A. Madeira

51,50€

R. A. Açores

37,40€

64.1%

21,330

324,414

7,429

4,115

1.8

47.9%

20,818

188,841

5,655

3,197

1.8

52.2%

6,308

69,449

1,769

990

1.8

65.8%

44,778

761,758

19,020

4,133

4.6

76.4%

30,906

812,536

14,324

6,177

2.3

78.2%

14,586

263,595

7,508

1,436

5.2

61.6%

4,873

63,589

1,787

594

3.0

Occupancy rate

Lodging capacity (no. of rooms)

Lodging revenues (000€)

Overnight stays(000#)

Guests (000#)

Average stay

1


Home


RevPAR

Lisbon(NUTS II)

Lisbon(City)

2

Lisboncity

Occupancy rate



Guests(000#)

82.91€72.59€

30,906 21,417

14,324 10,6686,177 4,473

80.5%76.4%

1

Lisbon Region: Occupancy rate: 2017 forecast data.Lisbon City: Overnight stays and guests: forecast data.Source: TP - Travel BI and RNT, INE (December 2017 data - Information extracted on 12.03.2018), ATL and Portuguese Hospitality Atlas 2018; Analysis: Deloitte.

1

2

Comparative analysis Lisbon Region vs Lisbon City

Regional analysis

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RevPAR

North(NUTS II)

Porto(City)

Occupancy rate


Guests(000#)


Portocity

1

66.63€42.17€

60.7%64.1%

21,330 6,720

7,429 3,040

4,115 1,537


Comparative analysis North Region vs Porto City

Regional analysis

About


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North Region: Occupancy rate: 2017 forecast data. Source: TP - Travel BI and RNT, INE (December 2017 data - Information extracted on 12.03.2018) Turismo do Porto and ATL and Portuguese Hospitality Atlas 2018; Analysis: Deloitte.

1

Home


Seasonality index by NUTS II 1

Seasonality index = # overnight stay by month by NUTS II / Average annual overnight stay by NUTS II. Source: INE; Analysis: Deloitte.

1

Regional analysis

About

Contacts

Norte Centro Lisboa Alentejo

Algarve R.A. Açores R.A. Madeira

Winter

Spring

Aut

umn-

Fall

Summer

January February

March

April

May

June

JulyAugust

September

October

November

December

Winter

Spring

Aut

umn-

Fall

Summer

January February

March

April

May

June

JulyAugust

September

October

November

December

Winter

Spring

Aut

umn-

Fall

Summer

January February

March

April

May

June

JulyAugust

September

October

November

December

Winter

Spring

Aut

umn-

Fall

Summer

January February

March

April

May

June

JulyAugust

September

October

November

December

Winter

Spring

Aut

umn-

Fall

Summer

January February

March

April

May

June

JulyAugust

September

October

November

December

Winter

Spring

Aut

umn-

Fall

Summer

January February

March

April

May

June

JulyAugust

September

October

November

December

Winter

Spring

Aut

umn-

Fall

Summer

January February

March

April

May

June

JulyAugust

September

October

November

December

Base 1 index


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29% 28%

16% 15%

9% 12%

3% 4%

38% 36%

0% 0%

Lisboa

Norte

Algarve

Centro

Alentejo

5% 5%

R. A. Madeira

R. A. Açores

51,014 Local accommodation units1

National total:

205,261 Beds

Local accommodation

Regional analysis

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Local accomodation units represent the number of rooms and/or apartments Source: Registo Nacional de Estabelecimentos de Alojamento Local; Analysis: Deloitte.

1


New hotel establishments in 2018

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New hotel establishments in 2018

# Hotel establishments

Label :

Lodging House

About

To be definedContacts


1st Quarter

Subsequent quarters

Total

7

--

--

25--

-

-

R. A. Madeira

-

-

1

----

-1--

-

-

Alentejo

-

-

0

----

----

-

-

R. A. Açores

-

-

2

--

-2

-

----

-

-

Algarve

-

-

11

2-

--

--

54

-

-

Norte

-

-

21

1

-

--

-

1

392-

-

1

Lisboa

3

7

-

--

-

33--

1

-

-

-

-

-

-

--

-

-

-

-1

--

-

Centro

-

Home


European benchmark

About


Contacts

Home


Amsterdam85.5%

116.0€

London78.0%

130.8€

Porto60.7%

66.6€Lisbon

80.5%

82.9€

Paris78.8%

134.0€

Brussels70.7%

77.0€

Barcelona79.2%

100.3€

Berlin77.0%

76.0€

Frankfurt69.5%

85.4€

Rome71.3%

87.0€

Madrid75.2%

71.4€

Milan70.6%

98.9€

Vienna76.1%

77.0€

Prague77.7%

68.9€

European benchmark

Label:

Occupancy rate

RevPAR

Source: Associação do Turismo de Lisboa, Associação de Turismo do Porto, Observatoire du Tourism à Bruxelles, Camara di Comercio Milano, Visit Britain, Madrid Destino, Ajuntament de Barcelona and Paris Site officiel de l’Office du Tourism et des Congrès; Analysis: Deloitte

RevPar: An exchange rate from pound sterling to euro was applied (1.1343 - December 2017)About


Contacts

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1

1


Occupancy rate

RevPAR

66.6 € 71.4 € 76.0 € 77.0 € 77.0 € 82.9 € 85.4 € 87.0 €98.9 € 100.3 €

116.0 €130.8 € 134.0 €

60.7%

69.5% 70.6% 70.7% 71.3%75.2% 76.1% 77.0% 78.0% 78.8% 79.2% 80.5%

85.5%

European benchmark

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1

Source: Associação do Turismo de Lisboa, Associação de Turismo do Porto, Observatoire du Tourism à Bruxelles, Camara di Comercio Milano, Visit Britain, Madrid Destino, Ajuntament de Barcelona and Paris Site officiel de l’Office du Tourism et des Congrès; Analysis: Deloitte

An exchange rate from pound sterling to euro was applied (1.1343 - December 2017)1


Atlas evolution

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Atlas evolution

Espírito Santo Hotéis Group and Tivoli Hotels & Resorts Group are the same Hotel group / Management entity. The entity’s designation was changed.Pestana Hotel & Resorts / Pestana Pousadas and Pestana Hotel & Resorts / Pousadas de Portugal are the same Hotel group / Management entity. The entity’s designation was changed.

2

1

About

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Home

1

2

3

4

5

Pestana Hotels & Resorts / Pestana

Pousadas 1

Accor Hotels

Starwood Hotels & Resorts

Vila Galé Hotéis

Espírito Santo Hotéis 2


Pousadas 1

Accor Hotels

VIP Hotels

Vila Galé Hotéis



Pousadas 1

Accor Hotels

VIP Hotels

Vila Galé Hotéis

Tivoli Hotels & Resorts 2


Pousadas 1

Accor Hotels

VIP Hotels

Vila Galé Hotéis



Pousadas 1

Accor Hotels

VIP Hotels

Vila Galé Hotéis



Pousadas 1

Accor Hotels

VIP Hotels

Vila Galé Hotéis



Pousadas 1

Accor Hotels

ECS Capital

Vila Galé Hotéis



Pousadas 1

Accor Hotels

SANA Hotels

Vila Galé Hotéis



Pousadas 1

Accor Hotels

SANA Hotels

Vila Galé Hotéis



Pousadas 1

Accor Hotels

Marriott Hotels & Resorts

Vila Galé Hotéis


2018

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Pestana Hotels & Resorts/

Pestana Pousadas1

Vila Galé Hotéis

AccorHotels

Hoti Hotéis/Meliá Hotels

& Resorts

Marriott Hotels

& Resorts


Were considered the following types of establishments:

• Apartments; • Lodging Establishments; • Lodging Establishments – Hostels; and • Dwellings.

The information was collected from the Registo Nacional do Alojamento Local (RNAL), available through the website of Turismo de Portugal, on the third week of March 2018. The original information had a total of 56,786 establishments, but for the purpose of Atlas da Hotelaria 2018 we have considered a total of 51,014 establishments. The selection of establishments was based on the year of registration in the RNAL, therefore all establishments registered before 2000 and after 31st december 2017 were disregarded.According to information provided informally by Turismo de Portugal the registration of each establishment in the RNAL is performed autonomously and independently by the respective owners, so the accuracy of the information available is not the responsibility of the Turismo de Portugal.

Notes

Notes | Local accommodation

Were considered the following types of hotel establishments:

• Hotels; • Tourist apartments; • Apartment hotels; • Tourist village; • Lodging houses; and • Rural hotels.

For ranking purposes it was considered the total number of accommodation units in hotel establishments at 31st December 2017, including those which were temporarily not operating at that date. It should be noted that the units that compose the hotel complexes were considered disaggregated, i.e., they are recorded individually as hotel establishments.Accommodation units refer to the number of rooms and/or apartments.A double bed represents 2 beds, a T0 has 1 bedroom (2 beds), a T1 has 1 bedroom (2 beds), a T2 has 2 bedrooms (4 beds) and a T3 has 3 bedrooms (6 beds).The aggregation of hotel establishments in hotel groups / entities management complies its integration in a Group (entities that owns more than a hotel establishment) and / or the existence of a common denominator in their operation. Accor Hotels, Hoti Hotéis and Pestana Hotels & Resorts Group include tourism developments that are in a franchise system.The geographical division of Portugal complied with the NUTS II defined by National Institute of Statistics.The data collection from the 20 largest Groups was concluded on the second week of April 2018.The remaining information was collected through the websites of the Groups and independent hotel establishments, the databases of Turismo de Portugal and Regional Tourism Entities, as well as other public information.Tourist apartments with less than 10 apartments have not been considered.The information regarding the new hotel establishments expected for 2018 was collected until the last week of March 2018 and was based on Regional Tourism Entities information and public information.

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Contacts

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Rui GidroConsulting PartnerTel: +351 933259269 [email protected]

Miguel Eiras AntunesConsultingPartnerTel: +351 969658255 [email protected]

Jorge Sousa MarrãoFinancial Advisory PartnerTel: +351 963902674 [email protected]

Inês Cintra CostaFinancial AdvisoryManagerTel: +351 962103923 [email protected]

Pedro Santos RosaConsulting Senior ManagerTel: +351 [email protected]

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Unlimited expectations Portuguese Hospitality Atlas 2018 ......2018/06/20 · (which are part of...

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Transcript of Unlimited expectations Portuguese Hospitality Atlas 2018 ......2018/06/20 · (which are part of...