Demand for Local Accommodations in São Miguel is falling, which has led some owners to put their establishments up for sale. This trend emerges at a time when the number of overnight stays in the region has decreased significantly.
The loss of profitability and the growing pressure to lower the overnight price are among the main factors driving owners to make this decision. Many Local Accommodation owners face increasing financial difficulties.
The phenomenon is occurring especially in areas further away from Ponta Delgada, where the impact of the drop in overnight stays appears to be more pronounced. These peripheral areas seem particularly vulnerable to the reduction in tourist demand.
The data referenced in the article indicates that the drop in overnight stays has significantly affected the Local Accommodation sector in São Miguel, leading owners to consider selling their establishments as an alternative given the decreasing profitability of the business.
