For every person planing a vacation besides the destination second more important thing is how much does this will cost him. After the world markets crashes two years ago the wallets of the tourists become more empty so they try to search for cheaper ways to arrange a little run away from the daily stress. Spain and Portugal were one of the countries that were hit very badly from the real estate market crash which lead they economies to serious problems. This affected on the rates of the hotels in the resorts in both countries.
Algarve was on of the resorts that decided to fight crises conditions with lower rates allowing more people to afford themselves a short vacation on the coasts of the Mediterranean sea. Even thought Algarve hotels are hosting thousands of the foreign tourists each years they decide to do a short turn to the local market too. Some Algarve hotel is offering lower rates per more than 4 days stay other are announcing impressive discounts for the 7 to 10 days stay packages hoping to attract more local tourist despite the foreigners. Rates and discounts in Algarve hotels are varying according to the season. Further more off season prices can reach 50 % discounts from the initial rates which is definitely don't miss opportunity.
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