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Thursday, December 1, 2022

Morocco’s Tourism Revenues Up 123.3% by End of April 2022

Morocco’s tourism revenues increased by 123.3% at the end of April 2022, according to the Department of Studies and Financial Forecasts (DEPF).

These revenues have reduced their decline from their pre-pandemic level to 36.3%, following a 71.5% drop at the end of April 2021, said the DEPF in its report on business climate for June 2022.

In April 2022, the third month after the reopening of national borders, tourism revenues continued to grow. This trend is expected to accelerate in the coming months, following the relaxation of travel restrictions that took effect on May 18, 2022, and other government measures aimed at supporting and boosting the sector’s activity.

Besides the emergency program in favor of the tourism sector, the Marhaba 2022 operation was launched on June 5, 2022, with its new measures aimed at offering the best conditions of reception and transit to Moroccans living abroad.

As a result, tourism receipts rose by 329.7% in April 2022, (+529.8% in March and +25.1% in February 2022). Between February and April 2022, the revenues reached nearly 13.6 billion dirhams, against 4 billion dirhams a year before and 17 billion dirhams in the same period of 2019, i.e. a recovery rate of 79.7% compared to the pre-crisis level.

For the months of March and April 2022, this recovery rate reached 91.2%.

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