Rise in tourist numbers offers new opportunities in rental market
The tourists visiting Morocco are up by 6% in October when compared to same period last year and a total of 7 million tourists visited Morocco in the year to October.
According to the Moroccan tourism authorities, The French came first with 2.6 million, followed by Spaniards (1.5 million), Belgians (398,000), Germans (358,000) and Brits (297,000). The rise had no impact on the number of overnight stays which slipped by 2%, due to the decrease posted by the French market (-5%) and the British (-18%), which represent 81% of the drop. As for the Spanish and Arab markets, they showed a rise of 3% and 4% respectively.
Tourism Minister Mohamed Boussaid told Morocco’s second national TV channel (2M) that Morocco has been able to shun the crisis thanks to the quality and the diversity of its product and the promotion of domestic demand.
“Investment dynamics and investors’ confidence in Morocco’s tourism show that the sector can further develop,” Mr.Boussaid added. With tourism and development at the top of its agenda, Morocco has embarked on a series of ambitious plans to attract investment and stimulate its economy. The expansion of tourism offers huge investment opportunities, and particular opportunities have opened up in holiday accommodations in main tourist destinations.
According to the American newspaper Pittsburg Post-Gazette, “foodie fans who love to shop must go to Marrakech. The cuisine is cheap and delicious, and they can design an apartment in Arabian Nights chic for less than half what it would cost in the United States.” The magazine also suggested tourists to visit some places in the Red City, such as the Musee de Marrakesh, Badi Palace and Medersa Ben Youssef, North Africa’s oldest Koranic school.
Popularity: 13% [?]
