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Cape Verde: tourism prices increased 7.3%

"All islands recorded increases in prices related to accommodation and dining," with emphasis on the islands of São Vicente (10.2%), Boa Vista (7.8%), Sal (6.8%), Santo Antão (6.7%), and Santiago (3.7%)

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Tourism prices in Cape Verde increased by 7.3% year-on-year in the first quarter of 2026, the National Statistics Institute (INE) announced today. According to the Tourism Price Index (TPI) bulletin, this figure represents a rise of 1.4 percentage points compared to the previous quarter.

“All islands recorded increases in prices related to accommodation and dining,” with emphasis on the islands of São Vicente (10.2%), Boa Vista (7.8%), Sal (6.8%), Santo Antão (6.7%), and Santiago (3.7%), the bulletin on the Tourism Price Index (TPI) states.

Car rentals rose by 6.4%, while entertainment and culture services saw no changes. In accommodation, all categories increased, especially guesthouses (12.1%) and hotels (10.3%). In the quarterly chain, prices fell by 0.7%, reflecting seasonal effects.

Read more about this topic: Cape Verde: Fitch Ratings upgrades economic outlook to positive

The tourism sector is one of the main sources of wealth for Cape Verde, representing approximately 25% of the Gross Domestic Product (GDP), with the highest concentration on the islands of Sal and Boa Vista. The country reached a record of 1.25 million guests in 2025.

The TPI is an indicator that measures the evolution of prices for a set of goods and services representative of tourist spending in the country.

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