Tourism revenues plunged by 12.3 billion dirhams (DH) in the first four months of the year, says the Department of Studies and Financial Forecasts (DEPF) under the ministry of Economy, Finance and Administration Reform, according to MAP news agency.
"By the end of April 2021, the downward trend in tourism revenues continued to decline by 65.7% or 12.3 billion dirhams, after a decrease of 18.2% the year before," DEPF points out in a report.
Tourist arrivals declined in the first two months of 2021 by 81.5% (-91.9% for foreign tourists and -65.4% for Moroccans living abroad), the source underlines.
As for overnight stays, they fell by the end of April 2021 by 78.1% (-92.3% for non-residents and -43.8% for residents).
However, Morocco has recently decided to open its borders for tourists and Moroccan living abroad this summer, hoping that this decision could be the start of the economic recovery.
Tourism is considered a significant sector for the Moroccan economy, and one of the most sectors in terms of creating jobs.
