Tourism

Peru’s tourism sector is ranked 46th out of 185, in terms of relative importance of travel and tourism’s total contribution to GDP, according to the World Tourism & Travel Council’s “Economic Impact 2018 Peru” report. According to the same report, in 2017 Peru’s travel and tourism sector was directly worth PEN26.5bn ($8.2bn), or 3.8% of GDP, a figure which is forecast to rise by 4.5% in 2018, and expand by an average of 4.7% per year over 2018-28 to reach PEN43.7bn ($13.5bn), or 4.2% of total GDP by 2028. The sector’s total contribution — direct plus indirect — was PEN68bn ($20.9bn) in 2017, a considerable 9.8% of GDP. This is forecast to rise by 4.7% in 2018 and 4.5% per year to PEN110.8bn ($34bn) and 10.6% of GDP in 2028, highlighting the continued importance of the tourism sector to the overall Peruvian economy. This chapter includes interviews with Virgilio Martínez, Head Chef and Owner, Central; and Jorge Melero, CEO, Hoteles Libertador.