This figure, recorded in May, was 0.9 percentage points (pp) higher than the previous month, a deviation that INE partially attributes to hotel prices.
“Among the corresponding positive results, the subgroup of hotels, motels, inns and similar accommodation services stands out, with a monthly fluctuation of 21.9% in May,” according to the statistics office.
This effect is due to the thousands of people who traveled to Lisbon to attend the two concerts that North American Taylor Swift gave at the Estádio da Luz stadium on May 24 and 25.
The influence of the North American singer on the economics of the venues where concerts are held is already known and even gave rise to a new term “Swiftonomics” (a cross between the artist’s nickname and the economy).
During the North American leg of the Eras Tour, host cities saw a 68% increase in daily spending at local restaurants and a 47% increase in hotels, while small businesses also benefited from the performances, according to Mastercard. retail. . The American woman’s fortune is estimated at more than one billion euros, which puts her on the Forbes list of billionaires.