Tourism revenues showed an increase of 1.6% at the end of May 2024, after a decrease of 4.2% in the first quarter of the current year, according to the Directorate of Studies and Financial Forecasts (DEPF).
“Tourism revenues improved by 10.9% during the first two months of the second quarter of 2024, bringing their growth to 1.6% at the end of May 2024, after a decline of 4.2% in the first quarter of 2024,” indicates the DEPF in its recent economic report.
In addition, the number of overnight stays in classified accommodation establishments increased by 15% during the first two months of the second quarter of 2024, after an increase of 2.9% during the first quarter of 2024, adds the same source. Regarding the volume of these overnight stays, it increased by 8.3% at the end of the first five months of 2024, driven by the increase in overnight stays by non-residents by 13%. Thus, the flow of arrivals to the destination “Morocco” exceeded 7.4 million arrivals at the end of the first half of 2024, a consolidation of 13.9%.
This performance is due to the strengthening of foreign tourist arrivals (+16.3%) which represented a share of 54.2% of total arrivals. Concerning the number of arrivals of Moroccans Residing Abroad (MRE), it increased by 11.2%, at the end of June 2024, with a share of total arrivals of 45.8%.
After the exceptional growth of 55.8% recorded in the first quarter of 2023, the added value of the tourism sector improved by 1.9% in the first quarter of 2024.
This growth would have accelerated in the second quarter of 2024, as evidenced by the performance of all sector indicators during this quarter.
LNT with Map
#DEPF #tourism #revenue
– 2024-08-02 13:32:35
