Morocco Tourism Report 2016 - Business Monitor International - Industry Reports

Morocco Tourism Report 2016

Morocco Tourism Report 2016 - Business Monitor International - Industry Reports
Morocco Tourism Report 2016
Published Oct 31, 2015
28 pages — Published Oct 31, 2015
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Abstract:

We expect continued growth in ---- and beyond, as the government continues to put into place its ---- vision for an increasingly developed tourism industry in Morocco and for the development of a sustainable tourism sector. Although tourism arrivals will not be increasing as significantly as they did in previous decades, partly due to the slow economic recovery in the source markets, we still forecast an uptick over ---- and ----, respectively -.-- and -.-- . ...We expect continued growth in ---- and beyond, as the government continues to put into place its ---- vision for an increasingly developed tourism industry in Morocco and for the development of a sustainable tourism sector. Although tourism arrivals will not be increasing as significantly as they did in previous decades, partly due to the slow economic recovery in the source markets, we still forecast an uptick over ---- and ----, respectively -.-- and -.-- . This will be driven by the close relationship Morocco has with some of its main source markets, which will continue to choose the country as a short and long holiday destination. ...Consequently, although most European economies are now slowly recovering from the global financial crisis, the lack of diversification in the Moroccan tourism industry results in a slowing down of the number of arrivals.

...� Business Monitor International Ltd Page - currency as well as of the cheap travel options between Europe and Morocco. Over the longer term, however, we expect this growth to be weaker, going from -.-- growth in ---- to -.-- in ---- and -.-- by ----. ...The Moroccan industry is well developed, although it is currently so only in some parts of the countries. Cities like Marrakesh, Rabat and Casablanca already benefit from a lot of tourism development, hotels and restaurants, including catering to luxury tourists (which accounts for the increase in industry value). Others, such as Fes, Meknes and Ifrane have been identified by the government as opportunities for development but have thus far not received the level of investment originally desired. ...Others, such as Fes, Meknes and Ifrane have been identified by the government as opportunities for development but have thus far not received the level of investment originally desired. There are many opportunities to expand the sector in Morocco, but the government needs to implement the right policies with the right incentives to attract the required investment.

...Arrivals will rise by -.-- in ----, which marks a slowing down in the growth from previous years, largely due to the terror attacks in neighbouring countries that are scaring tourists away from the region. As travel connections between European countries and Morocco continue to be developed (through, for instance, the increase in the number and destinations of low-cost airlines), we expect Europe to remain the main source region. ...

  
Source:
Document ID
1752-4210
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. "Morocco Tourism Report 2016" Oct 31, 2015. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Morocco-Tourism-Report-2016-2026-696>
  
APA:
Business Monitor International - Industry Reports. (2015). Morocco Tourism Report 2016 Oct 31, 2015. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Morocco-Tourism-Report-2016-2026-696>
  
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