The BBC recently carried out a report on the state of tourism in the Algarve, a recent story in the Algarve Resident reports – full story can be found here
Sunny day on Vilamoura marina
The basic report looks at how much the Algarve economy is based on the tourism market, and with 3 million visitors expected each year from the UK, how the financial crisis has taken its toll.
There is good news in the story, reporting the optimism in the continued construction of new hotels all along the Algarve, eager to open their doors to new visitors.
Good news for potential holiday makers though, the prices are being lowered to attract more visitors, and as one tourist comments “they had chosen Portugal because it was affordable” for a destination deemed as more expensive than many others this is good news.
Lower prices means more competitive holidays, and allows us to attract more tourists.
One thing the economic situation has taught us, is if we can survive through this then at the other end, we’ll be much stronger, smarter and prepared!