August 1, 2018 TnH Global 1

Affordability driving rapid increase in French tourists to Portugal

Tourism from France to Portugal is booming, with annual visits increasing from 1.2 million in 2013 to 1.5 million in 2017, and projected to hit 2 million by 2022, according to GlobalData, a leading data and analytics company.

The company’s latest report: ‘Tourism Source Market Insights: France’ states that Portugal will remain one of the fastest growing destinations for French tourists globally, with a Compound Annual Growth Rate (CAGR) of 6.1% between 2017 and 2022. In Europe, only Malta will see a higher rate of growth for French visitors over the same period.

Konstantina Boutsioukou, Travel and Tourism Analyst at GlobalData, comments: “Portugal has been experiencing a tourist boom in recent years as more and more tourists are recognizing the unique offerings of the smaller nation of the Iberian Peninsula.

“The lower cost when it comes to holidaymaking makes Portugal particularly lucrative among French, who are seeking affordability but without having to compromise the quality of their vacation. Affordability is a key concern of the French as a result of several years of sluggish economic growth and depressed consumer confidence.”