Morocco’s Tourism Revenue Falls 0.7% to 28.5 Billion Dirhams in October

– byArmel · 1 min read
Morocco's Tourism Revenue Falls 0.7% to 28.5 Billion Dirhams in October

At the end of last October, tourism activity in Morocco recorded a 0.7% decline, resulting in a drop in revenues to 28.5 billion dirhams, according to the Directorate of Studies and Financial Forecasts (DEPF).

Compared to their pre-crisis level, tourism revenues have plummeted by 57.4%, the equivalent of 38.5 billion dirhams, due to the closure of borders, the DEPF notes.

After a notable increase of 201.7% in the third quarter of 2021 which coincided with the reopening of national borders, tourism revenues maintained their positive trend during the month of October 2021, recording an increase of 58.5%, after a decline of 65.2% a year earlier.

Thus, from June to October 2021, tourism revenues amounted to 21.1 billion dirhams, after respectively 8.9 billion and 38.5 billion during the same period in 2020 and 2019, the DEPF reports.

This improvement, the same source continues, is in line with the increase, in the third quarter of 2021, in tourist arrivals of 716.9% to nearly 2 million tourists, of which 30% are foreign tourists, after 242,000 tourists a year earlier.