Lisbon, Portugal (Photo by WeSetupYourWebViewApp on Unsplash)

Lisbon’s Short-Term Rentals: Occupancy Plummets, But Some Signs of Recovery

The tidal wave of travel cancellations that came along with the coronavirus pandemic upended usual accommodation patterns and put heavy pressure on occupancy levels across the world. Portugal was no exception, with its always-bustling capital now much quieter than usual and a large number of its hotel rooms and vacation rentals remaining dormant.    Exclusive…

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COVID-19 Stifles Supply of New Short-Term Rental Listings in Portugal

The number of new listings coming onto the short-term rental market in Portugal has plunged as lockdowns to curb the spread of the coronavirus paralyzed the sector. Only 6,000 new properties have been listed across the country this year so far—the lowest figure since 2015, according to exclusive statistics provided to Via News. Out of…

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Short-Term Rentals Outperforming Hotels in Pandemic Era

Both hotels and the short-term rental market are reeling from the coronavirus-driven travel collapse, but industry reports show that the latter is weathering the health crisis more successfully due to its different nature. “The features that differentiate short-term rentals from hotels—such as full-service amenities, living space, larger properties, and inventory in more remote destinations—have proven…

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COVID-19: $1 Trillion Loss Could Set Global Tourism Industry Back 20 Years

The economic damage to the global tourism sector as a result of the coronavirus pandemic is likely to exceed $1 trillion this year, which would set the industry back two decades, according to a new report from the United Nations. “Depending on when travel restrictions will be fully lifted, the World Tourism Organization expects international…

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IATA Urges Europe to Lift Border Restrictions, Warns of 60% Drop in Air Passenger Numbers

The global aviation body has urged governments across Europe to coordinate to lift border restrictions and find alternatives to COVID-19 quarantine measures in order to help save the industry from sinking into a deeper crisis. “Although the European market has seen an increase in the number of flights in recent months, supported by the reopening…

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