According to recent information from the Foreign Exchange Office, Morocco‘s tourism profits at the end of October totaled $6.74 billion.
In comparison to the same period in 2022, the figure indicates an increase of $4 billion. Additionally, the numbers were higher than the mark set at the end of October 2019 ($6.35 billion).
The latest numbers show that the tourist industry, which has been one of the most adversely affected by the COVID-19 problem, is still recovering.
At the end of October, tourism expenditures were at a lower level than in 2018 and 2019 before the COVID-19 pandemic.
At the end of October 2022, the travel balance increased by almost threefold from $1.88 billion the previous year to billion $5.46 billion.
Fatim Zahra Ammor, Morocco’s minister of tourism, reported last month that the country’s tourist sector had recovered at a rate of 80% by the end of October, higher than the global average of 70%.
In comparison to pre-COVID data in 2019, Morocco’s tourism earnings in foreign currency increased by 103% at the end of September, she continued.
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.
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