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Mexico’s tourism progress faces obstacles

Location:

MEXICO

It has slipped back down since, amid tough competition as global tourism recovers from the impacts of the COVID-19 pandemic. Heavy investment in 'Maya Train’, at the expense of…

Earthquakes may dent but not halt Turkish tourism boom

Location:

TURKEY

Turkey’s tourism sector, which is an important source of foreign exchange, economic activity and employment, could have a record year in 2023. Foreign visitor arrivals could grow…

Middle East and North Africa will lead tourist rebound

Location:

MIDDLE EAST/NORTH AFRICA

The Middle East has been a key market in the post-pandemic rebound in global tourism, boosted by one-off events in the Gulf Cooperation Council (GCC) in 2022. GCC states are…

Algeria’s aviation sector will face stiff competition

Location:

ALGERIA

The acquisition of 15 new aircraft -- orders confirmed in June -- will modernise the state-owned airline and enhance its offering, enabling it to fly more passengers further…

Albania’s tourist boom will endure

Location:

ALBANIA

Albanian tourism is booming. The country has posted Europe’s strongest growth in terms of overnight stays (the EU average was 13%). More than 60% of bookings came from foreign…

Bahrain’s tourism strategy will face stiff challenges

Location:

BAHRAIN

Tourism development forms a key plank of Bahrain’s long-term economic growth strategy. However, almost all its Gulf peers are pursuing the same goal, armed with often-superior…

Tourism to drive Belize economic growth amid slowdown

Location:

BELIZE

Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…

Qatar’s diversification plans will lag regional rivals

Location:

QATAR

PMI data indicate that the non-oil private sector continues to expand in 2023 as the government attempts to diversify its economic base away from gas dependency. Regulatory reform…

Titicaca drought hits local Peru-Bolivia economy

Location:

PERU/BOLIVIA

Some 3 million people live around Lake Titicaca, which straddles the border between Peru and Bolivia and is the largest lake in South America. Many are heavily reliant on its…

Prospects for the euro-area to end-2023

Location:

PROSPECTS H2 2023

Tourism and other customer-facing sectors are growing solidly even though above-target inflation is squeezing disposable incomes. However, strong services activity is keeping core…