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In an interview with the “Jornal de Negócios” and “Antena 1“, the president of the Pestana group, José Theotónio, declared that: “Airbnb, Local Lodging and hostels are all welcome. They represent competition but are necessary to build Portugal as a cosmopolitan and sustainable tourist destination.” This statement signals a significant turn-around in the tradition hostility voiced by the hotel industry towards peer-to-peer holiday lettings.