As visitor numbers at Machu Picchu reach saturation, Peru is working to attract travellers with offerings beyond its most-popular site. Indeed, the goal of the Peru Travel Mart industry fair in May 2019 is to strengthen the country’s position as an adventure and nature tourism destination, while driving the development of segments such as...
The strength of domestic agriculture relies on crop diversity, a harvest season that is the inverse of the northern hemisphere’s, and the fertile and well-irrigated coastal regions. As agricultural exports rise, they are becoming important contributors to GDP and major providers of job opportunities. By opening up to new global markets and...
The largest airport in Peru, Jorge Chávez International Airport, located in Lima, was voted the best airport in South America in the Skytrax World Airport Awards for 2019. In line with this growing recognition and to improve its services for an increasing number of travellers, the facility is undergoing a major expansion that will increase its...
Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the globe. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950 only 751m people lived in...
Driven by the expansion of shopping malls, promotions and discount prices at supermarkets and pharmacies, and a growing middle class, Peru’s retail industry has lead growth in the Latin American market in recent years. According to consulting firm AT Kearney, between 2002 and 2015 Peru’s retail sector transitioned from a burgeoning market to...
The industrial sector returned to growth in 2018, with production, exports and investment growing substantially after four years of contraction. Improvements have come largely through the expansion of manufacturing, including the production of a range of higher-value-added products, along with processed fish and agro-industrial goods. While...
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