Though still relatively small, Peru’s meetings, incentives, conventions and events (MICE) segment has grown at a stable pace in recent years. According to estimates by the National Chamber of Tourism (Cámara Nacional de Turismo, CANATUR), revenues generated by the segment are expected to reach $300m by end 2014. A series of events scheduled for upcoming years is set to...
Tourism
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Articles & Analysis | Hotel investment on the rise to meet growing demand from The Report: Peru 2015
An increasing number of tourists as well as large-scale events scheduled for the coming years is spurring significant investment across the hotel industry, as Peru prepares to meet rising demand. Growth prospects are attracting investment from international and local investors alike, generating alliances between the two. Meanwhile, the government is continuing its...
Articles & Analysis | Investment in transport and niche segments supports growth potential from The Report: Peru 2015
Featuring many attractions, from the iconic Machu Picchu to the Andes Mountains, the Pacific Ocean shores to the Amazonian forest, the tourist offering in Peru is rich and diverse, complemented by its internationally renowned cuisine and rich Inca heritage.
With the Peruvian government intent on diversifying the economy away from mineral resources, the tourism sector is slowly becoming a strategic economic contributor. The sector has experienced unprecedented development in the past decade. According to the Ministry of Foreign Trade and Tourism in 2013 international arrivals increased 11% to 3.16m, a growth rate above the regional (5.1%) and...
Interviews & Viewpoints | José Gallardo Ku, Minister of Transport and Communications: Interview from The Report: Peru 2015
The inauguration of the Port of Paita illustrates a strategy to decentralise operations from El Callao. What other moves have potential in this respect?
Articles & Analysis | Port infrastructure is getting a boost from new investment from The Report: Peru 2015
Capitalising on their strategic position on South America’s Pacific coast, Peruvian ports have consistently played an important role in the country’s economy. Essential to connect mining exports with international markets, ports have seen their participation in international commerce expand as economic growth has raised the level of exchanges...