Morocco’s tourism revenues hit $6.74 billion in October
Morocco’s travel revenues reached $6.74 billion at the end of October, according to new data from the Foreign Exchange. The number represents an increase of $4 billion compared to the same period in 2022.
The data also exceeded the level reached at the end of October 2019 ($6.35 billion).
The new statistics reflect the ongoing recovery of the tourism sector, which has been one of the most impacted industries due to the COVID-19 crisis.
Tourism expenses stood at $1.85 billion at the end of October, maintaining a lower level than in 2018 and 2019 prior to the COVID-19 crisis.
Travel balance almost tripled to reach $5.46 billion at the end of October 2022 against $1.88 billion a year earlier.
Morocco’s Tourism Minister Fatim Zahra Ammor said last month that the country’s tourism industry reached a recovery rate of 80% at the end of October, exceeding the global level which stands at 70%.
Morocco’s tourism revenues in foreign currency rose to 103% at the end of September compared to pre-COVID figures in 2019, she added.
Overnight stays [tourist accommodation] have risen from 30% before the pandemic, to 45% as of late September, the minister said, stressing the government’s commitment to supporting the sector’s recovery.
