In the Faro and Porto markets, over 50% of booking pace lead time for the next three weeks is under one month. Both markets show that booking pace is in line with 2019 for the next month. The Porto market in particular has historically experienced shorter booking lead times that have been sustained since the start of the pandemic. At the same time in 2019, more people were booking their travels further out in September and August.
We advise that summer is anticipated to perform ahead of pick-up trends, but travel demand for the market is not at full recovery compared to 2019 data. Property managers should b2b email list keep an eye on their latest booking lead time data as the market heads into the final days of summer and last-minute bookings drive occupancy.
Source: Beyond Data
Source: Beyond Data
Lagos
Performance in the Lagos market shows vast recovery in the short term compared to 2019. Similar to Faro and Porto, booking lead time of up to 3-4 weeks out climbs ahead of 2019 while 1-2 months out has some growth opportunities.
Overall, the Lagos market is booking up in the next three weeks with an additional bump in pickup for October. We can see that this is an improved pattern compared to a “normal” year and already exceeding 2019 in some periods.