Alojamento Turístico Banks €1.607 Billion to April on 5.3% YoY Lift — INE's 29 May Tape Reads 20.7 Million Dormidas (+1%) as the Receita Curve Runs Ahead of the Volume Curve
INE's 29 May tape posts €1.607 billion in tourist-accommodation revenue Jan-Apr 2026, up 5.3% YoY, against just 1.0% growth in dormidas to 20.7 million. The receita-over-volume gap is the structural story: hotels and Alojamento Local are selling fewer added room-nights at meaningfully higher rates.