Algarve boosted by the Ryanair effect
The self-proclaimed “world’s favourite airline”, Ryanair, is set to open its 39th base at Faro in March 2010 with 6 based aircraft and 14 new routes being launched. The irish airline will operate over 200 weekly flights to/from Faro in an investment of over $400 million.
The new routes have been launched in response to increasing demand for easy, affordable access to the region from across Europe. Portugal has a strong tourism sector with 11 million visitors in 2009 (WTTC) and annual growth of 3% forecast until 2017.
The new routes include Faro to Birmingham in the UK and Kerry and Knock in Ireland and will make the Algarve even more easily accessible, a good indication that the region is set to see an increase in tourism numbers in turn generating higher demand for quality accommodation in the region.
This is good news for the recently launched Gotel a hotel room investment opportunity perfectly located in the sought after western Algarve, overlooking the spectacular Praia Tres Irmaos at Alvor. The hotel is owned and operated by the Pestana Group, Portugal’s largest hotel and leisure operator, with a 30 year track record and thus assuring the future success. The hotel itself has a 15 year operating record.
Steven Worboys, MD of overseas property experts, Experience International, comments:
“The Gotel presents a unique opportunity to invest in a boutique hotel in Portugal’s highly sought after Algarve region. This project represents a next generation approach to property investment; apart-hotel rooms are widely regarded as a first-class turnkey investment product that are fully managed for the investor and require minimal involvement.”
For more information about the Gotel investment opportunity please contact Experience International on +44 (0) 207 321 5858 or visit http://www.property-for-sale-in-portugal.co.uk/.
Filed Under: Business News • Lifestyle News • News • tourist property
