Airbnb's economic impact on Portugal was €1.07 billion last year with a new survey from the company showing 1.6 million people booking through the website during 2016.
Founded in 2008, the company handled €72 million in rental income for Lisbon plus a further €404 million was spent locally in the capital - the most popular place chosen for short breaks.
For Lisbon, last year's economic impact from the Airbnb effect was up 78% on 2015.
About 80% of the guests chose Airbnb because they wanted to explore a particular neighborhood. Overall, property owners received €166 million from visitors using Airbnb.
"This robust economic activity is good news for Lisbon and for Portugal in general. It shows how Airbnb supports the middle class and how the economic activity resulting from guest spending helps improve the economy and local communities," said Airbnb Director General for Portugal and Spain, Arnaldo Muñoz.
Airbnb guests spend an average of four nights in the country and the number of Portuguese users of the application practically doubled, from 133,000 in 2015 to 264,000 in 2016.
