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.
Indonesia’s tourism sector posted strong growth in the first half of the year, supported by rising visitor numbers from key source markets.
Saudi Arabia’s heritage tourism credentials were given a boost in late June, following UNESCO’s decision to add Al Ahsa Oasis to its list of World Heritage sites.
Recent moves by the Abu Dhabi and UAE governments to waive or reduce hotel and visa fees are expected to bolster the emirate’s increasingly active tourism sector and pave the way for more investment.
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
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