2012 A Top Year for Tourism in Portugal

The number of foreign tourists visiting Portugal hit a record high last year, with foreign arrivals rising 54 per cent to 7.7 million, the country's national statistics institute (INE) has revealed.
Although hotel revenues slipped just over 2 per cent to €1.86 billion, the year's total was within touching distance of the record of €1.96 billion set in 2008.
It's worth noting that overall revenues from tourism account for around 10 per cent of Portugal's gross domestic product, making it one of the country's most important sectors.
Meanwhile, twenty-two new hotels opened in Portugal last year, including five in the five-star category.
The growing appetite for more hotels looks set to continue with no less than twenty-seven new properties scheduled to be inaugurated in Portugal and the two Atlantic archipelagoes of Madeira and the Azores in 2013.