Ethiopia Tourism Report - Business Monitor International - Industry Reports

Ethiopia Tourism Report

Ethiopia Tourism Report - Business Monitor International - Industry Reports
Ethiopia Tourism Report
Published Oct 08, 2016
29 pages — Published Oct 08, 2016
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Abstract:

� Business Monitor International Ltd Page -- an estimated --.- of total arrivals or ---,--- visitors arriving in ----. A large number of European countries can have their visas issued on arrival, which decreases administrative bureaucracy when deciding to travel to Ethiopia. ...The security and terrorism pressures in the East African region pose very serious threats to Ethiopia and its neighbours. In the scenario that similar attacks occur to those in Kenya, tourism numbers could dramatically fall, despite the government s efforts to bolster the industry, which poses significant downside risks to our forecasts. Furthermore, the economic slowdown in China may affect the viability of future projects in Ethiopia, which would impact both arrivals figures and investment. ...Total arrivals, ---, y-o-y --.- -.- -.- -.- -.- -.- -.- e/f = BMI estimate/forecast.

...While the majority of visitors head to Addis Ababa for its city attractions, business proceedings and relatively well-developed hotel market, the country also boasts a broad range of attractions outside of the capital, from the scenery of Simien Mountains National Park, to the history of Lalibela and parks of Nechisar National Park. ...While the majority of visitors head to Addis Ababa for its city attractions, business proceedings and relatively well-developed hotel market, the country also boasts a broad range of attractions outside of the capital, from the scenery of Simien Mountains National Park, to the history of Lalibela and parks of Nechisar National Park. The numerous historical and cultural sites across the country offer substantial scope for expansion of the tourism sector over the forecast period and beyond, particularly as areas outside of Addis Ababa remain relatively unknown outside of the region, meaning there is scope for even more growth in travel from source markets further afield. The Ethiopian government is heavily investing in infrastructure that will support and further boost the tourism industry, and we expect the rewards of this to be reaped in the coming years. ...Downside risks remain, however, as the Horn of Africa region remains vulnerable to terror threats from groups like al-Shabaab, and instability in neighbouring countries such as Somalia and South Sudan leave Ethiopia s borders vulnerable. Domestic social unrest and protests against the government for systemic marginalisation are additional factors that can also spread uncertainly across the country.

...Ethiopia s tourism industry offers potential visitors a wide range of attractions, from a growing eco-tourism market to ancient fossils, along with the bustling market places and business centres of Addis Ababa. Ethiopian tourism had a successful year in ----, with a rise of an estimated -.- in inbound arrivals to reach approximately ---,---. ...Accessibility of information is also being enhanced between the government and tour operators to improve awareness of attractions and destinations. During our forecast period we envisage solid growth throughout the industry, with total arrivals increasing to reach over -.-mn by the end of ----, which represents -- growth from ----. Ethiopia is paving the way for strong and stable economic growth over the medium term through its Growth and Transformation ...

  
Source:
Document ID
2399-2131
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Ethiopia Tourism Report" Oct 08, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ethiopia-Tourism-Report-2026-2017>
  
APA:
Business Monitor International - Industry Reports. (2016). Ethiopia Tourism Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ethiopia-Tourism-Report-2026-2017>
  
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