Countries and regions across the world have long understood the potential of the MICE segment as a vehicle to drive high-value tourism and economic development. In recent decades this has led to significant investment, with nations working to position themselves as centres for the industry, both regionally and globally, aided by greater air...
In recent years, Peru has established itself as a unique tourism destination, with the majority of the sector’s growth relying on its internationally recognised historical sites, such as Machu Picchu, and its natural geological features, including the Andean mountain range and the country’s extensive coastline.
Thanks to its unique historic, cultural and natural offerings, including Machu Picchu, the Andean mountain range and one of the world’s most exciting cuisines, Peru is one of the fastest-growing tourism destinations in the region and the world. For the sixth consecutive year, in December 2017 Peru was named the World’s Leading Culinary...
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...
With a new administration in place, local and international players in Peru have regained optimism. As one of South America’s top performers due to its reforms and fiscal discipline, the country is benefiting from rising commodity prices and an export-oriented mining sector. In addition, 2018 brought increased public expenditure, with notable rises in the budgets for education, health, infrastructure and reconstruction.
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