Business Headlines Morocco

Coronavirus costs Morocco $2 bln in tourism revenue

The losses of the tourism sector since the outbreak of the coronavirus last March rose to 18.3 billion dirhams ($2 bln) down 90.1% compared to last year, the national tourism observatory reported. The figure reflects the hard blow ensued by the tourism sector which represents 7% of Morocco’s GDP and employs directly more than 500,000 […]

Headlines Tunisia

Tunisia exempts Polish, Czech tourists from covid-19 PCR test to boost arrivals

Tunisia Thursday lifted the required covid-19 Polymerase chain reaction (PCR) test for holidaymakers from Poland and the Czech Republic in a move to boost tourism arrivals in the North African country. The tourism ministry ordered the exceptional move after consultation with the health ministry, Tunis Webdo reports. The European countries are however placed in the […]

Business Headlines Maghreb Morocco

Morocco’s Tourism sector gets support from EBRD & UNWTO

The World Tourism Organization (UNWTO) has teamed up with the European Bank for Reconstruction & Development (EBRD) to help tourism industry recover from the covid-19 impact in several countries, including Morocco. The coronavirus lockdown has affected many sectors of the global economy, with tourism being among the hardest hit as worldwide destinations introduced restrictions on […]

Business Headlines Morocco

Travel Daily News puts Morocco on top of vacation destinations in Post-Pandemic Period

Travel Daily News portal has put Morocco on top of vacation destinations for the post COVID-19 pandemic period, outlining the country’s tourism assets. In an article published on Wednesday, the travel and tourism portal pointed out that Morocco is a top tourist destination that is blessed by nature, with its wonderful coastline, mountains and its […]

Headlines Tunisia

Tunisia records 27 per cent decrease in tourism revenues in Q1

Tunisia Monday posted 27 per cent slump in tourism revenues from the previous year as the country struggles to contain the covid-19 disease. The figures, issued by the Central Bank of Tunisia, revealed that tourism revenues stood over the first quarter of the year at about $339,411,000. The decrease in revenues occurs after a bounce […]

Business Headlines Morocco

Sofitel Agadir to close business end of June

Sofitel Royal Bay in the Moroccan southern Atlantic coastal city of Agadir will cease operating on June 30 as the lease contract comes to an end, Aujourd’hui.ma reports. Sofitel Agadir Royal Bay’s owner, ABS Holding, and the facility operator RISMA agreed not to extend the contract, which took effect in 2004, over the obsolescence of […]

Business Headlines Morocco

Coronavirus pushed Morocco’s tourism promotion office to focus on domestic tourists

Morocco’s tourism promotion office (ONMT) is planning to encourage domestic tourism to compensate for losses due to the global impact of the coronavirus on international tourist arrivals. Prospects for a return to normalcy in the tourism sector before 2021 are bleak, said l’Economiste daily citing the office. “Hopes are therefore pinned on domestic demand as […]

Business Headlines Morocco

COVID-19: Tourism, most badly hit sector in Morocco with losses worth billions

The Moroccan National Confederation of Tourism has sounded the alarm. The tourism sector has been severely affected by the coronavirus pandemic and the lockdown it entailed worldwide. The tourism sector and all the activities that shape its value chain, i.e. hotels, restaurants, travel agencies and distribution networks, ground transportation and car rentals, event industry and […]

Headlines Tunisia

Tunisia forecasts $1.4bn-loss in revenue in tourism sector over Coronavirus pandemic

Tunisia is expecting about $1.4 billion-loss in revenue in the tourism sector this year as result of impacts of the novel coronavirus pandemic, a document submitted to the International Monetary Fund (IMF) in view of seeking a new loan to supplement the 2020 national budget, reports say. The North African country like other countries around […]

Business Headlines Morocco

Morocco Receives Record 13 Million Tourists in 2019

Morocco closed 2019 with a record number of 13 million tourists visiting the country, that is a 5.2% rise compared with 2018, the tourism ministry said.   Tourism revenues rose to 78.6 billion dirhams in 2019, from 73.15 billion dirhams in 2018, making the sector one of the main sources of hard currency for Morocco. […]