FILE PHOTO: The CEO of Pestana Group, Jose Theotonio attends an interview with Reuters in Lisbon, Portugal November 28, 2017. REUTERS/Pedro Nunes/File Photo
LISBON (Reuters) - Portugal's long-running tourism boom is set to move decisively into reverse in 2019 due to capacity constraints at Lisbon airport and a drop in British visitors because of a Brexit-hit pound, Portugal's biggest hotel group told Reuters.
Jose Theotonio, chief executive of the Pestana Group which operates 94 hotels, said he had already noticed a dip in British guests as they turn to markets like Turkey, Egypt and Tunisia where local currencies have depreciated more than sterling.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
