Formula 1 returns to Autódromo Internacional do Algarve with the announcement that the Portuguese Grand Prix will be hosted at Portimão for 2027 and 2028
Studies estimate that there is a €100m impact per Grand Prix. The announcement followed joint task force efforts to bring Formula 1 back to the track which has been under-used in recent years. Officials anticipated higher media value and tourism demand than was originally estimated.
Pedro Machado, Secretary of State for Tourism, Trade and Services shared “the return of Formula 1® to Portugal in 2027 and 2028 confirms the country’s growing status as a leading destination for world-class events and is fully aligned with the Government’s strategy for the tourism sector and the national economy. Hosting a Formula 1® Grand Prix is a strategic step for the region and the country, strengthening our international visibility and consolidating our position as a tourism destination. We are ready to host this event, showcasing the best of Portuguese hospitality and our entrepreneurial spirit.”
Carlos Abade, President of Turismo de Portugal shared “Formula 1® once again places Portugal at the centre of global attention, reinforcing the country’s image as a vibrant, modern destination capable of hosting large-scale international events. Beyond its unparalleled media coverage, this event boosts the sector, energises the regions involved and helps consolidate Portugal’s position among the most attractive and competitive destinations in Europe. It will be a strategic moment that showcases the quality of our hospitality, the diversity of our offering and the ability of Portuguese tourism to generate a positive impact on the territory and the economy.”
André Gomes, President of Turismo do Algarve shared “the return of Formula 1® to Portimão is excellent news for the Algarve and for Portugal. It confirms the strategic vision we have pursued for the Autódromo Internacional do Algarve and for strengthening the destination’s international standing. Turismo do Algarve is fully committed to ensuring the success of these editions, guaranteeing that Portugal once again hosts Formula 1® with the excellence, safety and hospitality that the world recognised and praised in 2020 and 2021.”
