United Airlines will launch the first non-stop route between New York/Newark and Faro, bringing Portugal and the United States closer from June 2024. The airline will operate four flights a week between Ponta Delgada in the Azores and Faro. United Airlines has taken a significant step towards boosting tourism in the Algarve by introducing a new route connecting the USA and the region. This move is seen as a positive development by the Algarve Tourism Association (AHETA) in terms of enhancing tourism and improving network connectivity in the Azores. The introduction of this new route is a result of collaborative efforts by all stakeholders in the sector, with Faro Airport, Turismo de Portugal, and ATA working together and being rewarded with the announcement of four weekly frequencies.
Adding four direct flights between New York and Faro is a significant development for the Algarve’s real estate market. It is expected to lead to an increase in accessibility and international interest in the region. Here’s how it could impact:
The direct flight option from New York to the Algarve is expected to increase the demand for luxury properties in the region. This convenience will likely attract affluent buyers, which can benefit current property owners and developers through price appreciation. Additionally, easier access to the Algarve can diversify the real estate market and attract new investors seeking high-end properties. Furthermore, the enhanced connectivity can also spur tourism and investment, thereby boosting rental yields and property values.
Overall, this development will create new opportunities for tourism and real estate in the Algarve, thus marking a significant milestone for the region’s thriving industry.