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Morocco’s Tourism Revenue Plummets by $1.3 Billion in First Four Months of 2021
Tuesday 22 June 2021, by
Tourism revenues are still declining since the beginning of the year in Morocco, says the Directorate of Studies and Financial Forecasts (DEPF), forecasting a decline of 12.3 billion dirhams (MMDH) from January to April.
"At the end of April 2021, the downward trend in tourism revenues continued, declining by 65.7% or 12.3 billion dirhams, after a withdrawal of 18.2% a year earlier," the DEPF said in its recent economic note.
Regarding tourist arrivals this year, the note reports an overall decline of 81.5% for the first two months, specifying that the arrivals of foreign tourists have seen a decline of 91.9% while Moroccans living abroad have seen their number of arrivals drop by 65.4%.
Regarding overnight stays during the first four months of the year, the trend is also downward and shows a 78.1% loss, including -92.3% for non-residents and -43.8% for residents.