With sweeping desert landscapes alongside natural and man-made wonders, tourism is an important facet of Jordan’s economy. Visitors flock to the country to see the fabled ancient city of Petra, take in important holy sites for Christians, Jews and Muslims, and bathe in the Dead Sea. While continued tension in the region has dented tourist numbers over the last few years, there are signs that...
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As ongoing volatility continues to hamper growth in the region, Jordan has made significant progress in preserving macroeconomic stability and reducing its fiscal deficit in the past few years. Efforts to the fulfill the stipulations of a $723m extended fund facility agreement with the IMF continue, and the government may need to pursue more widespread reforms to increase income tax revenues and limit tax avoidance so as to sustain recent momentum.
Economic update | Addressing infrastructure challenges in southern Tanzania to drive tourism growth
3 Apr 2018
A World Bank-funded project to realise the potential of Tanzania’s southern safari circuit, coupled with an influx of high-end hospitality players, looks set to support long-term growth in the tourism industry.
Along with a recent uptick in foreign arrivals, Egypt’s tourism industry should receive a boost from the resumption of direct flights to and from Russia, one of the country’s largest sources of international visitors.
Articles & Analysis | Myanmar witnesses rising domestic tourism and increased desire for foreign travel from The Report: Myanmar 2018
After Myanmar began the transition to democracy, international tourism was not the only segment that thrived. Following decades of restrictions on domestic movement, local people are now largely free to explore the country. This has allowed domestic tourists to travel to previously closed regions to visit family and to make pilgrimages to holy...
Articles & Analysis | Alliances with neighbouring markets to benefit Myanmar's tourism industry from The Report: Myanmar 2018
With the ultimate goal to increase tourism across Southeast Asia, Myanmar is exploring the “two countries, one destination” concept, which seeks to cross-promote tourism with both Cambodia and Thailand. Officials in Myanmar would like to emulate Thailand’s success in attracting foreign tourists – some 32m in 2016 – while Thailand’s operators...