The information is confirmed by Confidencial Imobiliário, in the context of the analysis to the real estate pipeline, based on the treatment of the energy pre-certificates issued by ADENE. It indicates that the growth trend that had already been registered between 2015 and 2016 continued, when licensing increased by 47%. And, in the total of 3 years, between 2015 and 2017, were submitted 164 new hotel projects to the municipal licensing process.

The Ci indicates the greater geographical spread of investment in new hotels over these 3 years. By 2015, new hotels were concentrated in 18 municipalities, a number that went up to 24 in 2016 and 39 in 2017.

Lisbon and Oporto continue to dominate the new hotel projects licensing. The Ci also emphasizes that adjacent municipalities, such as Sintra or Matosinhos, have also seen the emergence of 3 new hotel projects each.

It also notes that, in 2017, the growth in the number of new licensing has been driven by urban renewal projects, “a clear process of regeneration of old buildings and hotels”, whereas between 2015 and 2016 the growth was supported by new construction hotels.

Ricardo Guimarães, director of CI, highlights that "the temporal dynamics show that hotel investment has increasingly moved out of Lisbon, geographically spreading and streamlining markets less central. In fact, 60% of the growth in the number of new portfolio projects observed in 2017 took place in the non-metropolitan regions”.

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