ECONOMY

Tourism Revenues: Loss of 12.3bln DH by End of April

Tourism revenues plunged by 12.3 billion dirhams (DH) in the first four months of the year, says the Department of Studies and Financial Forecasts (DEPF) under the ministry of Economy, Finance and Administration Reform.

“By the end of April 2021, the downward trend in tourism revenues continued to decline by 65.7% or 12.3 billion dirhams, after a decrease of 18.2% the year before,” DEPF points out in a report.

Tourist arrivals declined in the first two months of 2021 by 81.5% (-91.9% for foreign tourists and -65.4% for Moroccans living abroad), the source underlines.

As for overnight stays, they fell by the end of April 2021 by 78.1% (-92.3% for non-residents and -43.8% for residents).

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