• Tourism

    Tourism is a fast-growing sector in many emerging markets. OBG analyses the latest statistics on visitors and spending, highlighting investment opportunities. Our research covers hotel developments, government incentives, demand for leisure facilities and the MICE segment.
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Lodging options for incoming visitors to Mongolia have increased dramatically over the past decade. While current, comprehensive data on the number and type of hotels is haphazard at best, according to recent estimates, Mongolia was home to at least 20 four- and fivestar properties as of the end of 2013, in addition to an equal number of two- and three-star hotels,...

 

How will being the official partner country for International Tourism Bourse (ITB) Berlin 2015 benefit Mongolia’s tourism industry?

A steep rise in visitor numbers to Sri Lanka is driving growth in the country’s tourism industry, though a slowdown in the Chinese economy and problems in Russia could take the edge off the surge of arrivals later in the year.

Chapter | Tourism from The Report: Mongolia 2015

The tourism industry has taken on an increasingly central role in Mongolia in recent years. In 2013 the country saw more than 415,000 incoming visitors and reported market turnover of $263m, which represented about 4% of GDP at the end of the year. These moves are in line with the government’s ambitious short-term and medium-term objectives, which include increasing international arrivals to...

Given the significant foreign direct investment needed to achieve its development goals, Mongolia has strong motivation to improve its attractiveness to investors. The government is therefore adjusting its policies, while new laws are expected to gradually reinvigorate foreign investment flows.

As Nigeria receives little in the way of mainstream leisure travellers, the tourism sector is represented mainly by the domestic, visiting friends and family (VFF), and corporate travel segments. The country is ranked 178th globally in terms of the sector’s size relative to its GDP, with the direct and indirect contributions measured at 1.5% and 3%, respectively,...

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