Formula 1® Portuguese Grand Prix Confirmed for Portimão, Algarve in 2027 and 2028

Tourism sector welcomes the return of formula 1® and highlights its economic and promotional impact for Portugal and the Algarve.

Turismo de Portugal and Turismo do Algarve welcome today’s official announcement from Formula 1®, confirming the return of the Formula 1® Portuguese Grand Prix to the Autódromo Internacional do Algarve (AIA) in 2027 and 2028. This highly anticipated decision reflects the joint efforts of a national task force that, over recent months, brought together the Government of Portugal, promoter Parkalgar, Turismo de Portugal and Turismo do Algarve.

Portugal’s confirmation on the Formula 1® calendar represents a renewed vote of international confidence in the country’s organisational capability and in the technical excellence of the AIA. The circuit is widely recognised by drivers and teams as one of the most challenging and exciting modern tracks for Formula 1®. In 2020 and 2021, during an unprecedented pandemic context, the Autódromo Internacional do Algarve played a decisive role by ensuring-safely, efficiently and with the highest operational standards-the continuation of the championship, becoming a true success story for Portugal. Turismo de Portugal and Turismo do Algarve thank Formula 1® for its renewed confidence in the country.

Several studies conducted after the 2020 and 2021 editions demonstrated the strong economic and promotional return associated with the event, estimating a combined impact of around €100 million per Grand Prix. It also represented an outstanding opportunity for international exposure for Portugal and for the Algarve brand, strengthening the destination’s presence on a global stage with enormous visibility, 827m fans worldwide and an average race weekend audience of nearly 70 million.

With the confirmation of the 2027 and 2028 editions, Portugal once again joins the select group of countries that host the world’s most prestigious motorsport championship. For these events, Turismo de Portugal and Turismo do Algarve anticipate that economic impact and media value will significantly exceed those recorded in 2020 and 2021, supported by the return to normal of international travel and the exponential growth of global Formula 1® audiences in recent years – further reinforcing the international standing of Portugal and the Algarve region.

The Secretary of State for Tourism, Trade and Services, Pedro Machado, notes that “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, highlights that “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.”

The President of Turismo do Algarve, André Gomes, states that “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.”

For the Algarve, the return of Formula 1® represents a decisive reinforcement in the region’s position as a destination for major international events, expanding its worldwide visibility and strengthening its competitiveness in a highly competitive global tourism market. Hosting the Formula 1® Portuguese Grand Prix will further stimulate tourism demand – one of the region’s strategic objectives – both by deepening and diversifying the offering through segments such as sports tourism and event tourism, and by boosting the regional business ecosystem through the additional demand generated.

Turismo de Portugal and Turismo do Algarve congratulate Formula 1®, the Government of Portugal, the Autódromo Internacional do Algarve – via promoter Parkalgar – and the Municipality of Portimão for the joint work that made this return possible, thanking all entities involved for their commitment and collaboration throughout the negotiation process leading to this newly announced two-year agreement.

For further information on the Algarve, please visit www.visitalgarve.pt