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Portuguese Hotels Book 13.6 Million Overnight Stays in Q1 2026 — Total Revenue Tops €1 Billion (+5.5%), Non-Residents Account for 68% of the Total and Madeira Leans on Foreign Markets for 85.9% of Its Stays

Portuguese Hotels Book 13.6 Million Overnight Stays in Q1 2026 — Total Revenue Tops €1 Billion (+5.5%), Non-Residents Account for 68% of the Total and Madeira Leans on Foreign Markets for 85.9% of Its Stays

INE's Q1 2026 tourism destaque puts hotel guests at 5.8 million (+1.5%) and overnight stays at 13.6 million (+1.3%). Total accommodation revenue tops €1 billion (+5.5%), rooms alone €734.5 million (+5.1%). Non-residents carry 68% of stays; Madeira leans on foreign demand for 85.9%.
The Portugal Brief
INE Registers Q1 2026 Average Gross Monthly Earnings at €1,611 — Real Wages Outpace Inflation by 2.7%, Agriculture Tops the Sector Table at 10.0% and High-Technology Manufacturing Lands the Second Print at 7.2%

INE Registers Q1 2026 Average Gross Monthly Earnings at €1,611 — Real Wages Outpace Inflation by 2.7%, Agriculture Tops the Sector Table at 10.0% and High-Technology Manufacturing Lands the Second Print at 7.2%

INE's Q1 2026 earnings destaque puts gross monthly average at €1,611, a 5.0% nominal lift and a 2.7% real-terms gain after the CPI deflator. Agriculture leads the sector table at 10.0%, high-tech manufacturing at 7.2%, and firms with 10–19 employees post the steepest 6.0%.
The Portugal Brief
Euribor 3-Month Climbs to 2.252% on Wednesday 13 May — Highest Print Since April 2025 as the Six-Month Settles at 2.485% and the Twelve-Month Reaches 2.798%, Putting Mild Pressure on Portuguese Variable-Rate Mortgages

Euribor 3-Month Climbs to 2.252% on Wednesday 13 May — Highest Print Since April 2025 as the Six-Month Settles at 2.485% and the Twelve-Month Reaches 2.798%, Putting Mild Pressure on Portuguese Variable-Rate Mortgages

The 3-month Euribor fixed at 2.252% on Wednesday 13 May, its highest level since April 2025. The 6-month settled at 2.485% and the 12-month at 2.798%. The drift up the curve reverses the spring 2025 ECB-cut narrative and tilts Portuguese variable-mortgage resets modestly higher.
The Portugal Brief
Polícia Judiciária Walks Three Suspects Into the Tribunal de Instrução Criminal do Porto on 13 May — Operação 'Saco Roto' Detects Over €1.8 Million of EU Funds Diverted Through 30 Co-Financed Operations Across Seven Districts, €100,000 Cash Seized

Polícia Judiciária Walks Three Suspects Into the Tribunal de Instrução Criminal do Porto on 13 May — Operação 'Saco Roto' Detects Over €1.8 Million of EU Funds Diverted Through 30 Co-Financed Operations Across Seven Districts, €100,000 Cash Seized

Polícia Judiciária's Guarda DIC arrested three suspects on Wednesday 13 May in Operação 'Saco Roto', detecting more than €1.8 million of EU co-financing diverted across 30 operations. About €100,000 cash seized. Detainees presented to Tribunal de Instrução Criminal do Porto.
The Portugal Brief
Caixa Geral de Depósitos Mandates Banks for €500 Million Senior Preferred Green Bond on Wednesday 13 May — 6NC5 Tenor, ~3.95-4% Yield Indication, Proceeds Funnelled to A/A+ Green Mortgages and Renewable Energy

Caixa Geral de Depósitos Mandates Banks for €500 Million Senior Preferred Green Bond on Wednesday 13 May — 6NC5 Tenor, ~3.95-4% Yield Indication, Proceeds Funnelled to A/A+ Green Mortgages and Renewable Energy

CGD mandated banks Wednesday 13 May for a €500M 6NC5 senior preferred green bond at ~3.95-4% (≈100-105 bps over the six-year mid-swap at 2.95%). Proceeds fund green mortgages on A/A+ certified properties and renewables. Third green issuance, expected S&P 'A'.
The Portugal Brief
CTT–DHL Iberian Parcels Joint Venture Closes Tuesday 12 May — Correios Encaixam €64 Million, Take 25% of DHL eCommerce Spain via Danzas, Give DHL 25% of CTT Expresso and Lock a €35-Million Annual EBIT Synergy Target Across the New Iberian Number-One

CTT–DHL Iberian Parcels Joint Venture Closes Tuesday 12 May — Correios Encaixam €64 Million, Take 25% of DHL eCommerce Spain via Danzas, Give DHL 25% of CTT Expresso and Lock a €35-Million Annual EBIT Synergy Target Across the New Iberian Number-One

CTT and DHL closed their Iberian e-commerce parcels JV on Tuesday. CTT encaixa €64 million net cash, takes 25% of DHL eCommerce Spain via Danzas, gives DHL 25% of CTT Expresso, and targets €35M+ annual EBIT synergies in 2–3 years. EU clearance landed 19 March 2026.
The Portugal Brief
IGF Reads Portugal's Non-Habitual Residents Regime at €1.74 Billion in 2024 — Beneficiary Count Triples to 128,958, Fiscal Cost Climbs 181% Since 2019 and 254 Control Situations Across 71 Taxpayers Walk Into the AT's Risk File

IGF Reads Portugal's Non-Habitual Residents Regime at €1.74 Billion in 2024 — Beneficiary Count Triples to 128,958, Fiscal Cost Climbs 181% Since 2019 and 254 Control Situations Across 71 Taxpayers Walk Into the AT's Risk File

IGF audit homologated 29 April 2026 reads Portugal's NHR regime at €1,741 million in 2024 — up 181% from 2019 — across 128,958 beneficiaries. Inspectors flag 254 control situations on 71 taxpayers for five-year prior-residency breaches; the AT accepts the tightening.
The Portugal Brief