Morocco's tourism revenues fell by 65% in the first two months of 2021 compared to a 14.9% increase a year before, according to the Department of Studies and Financial Forecasts (DEPF).
As quoted by MAP news agency, DEPF points out in its economic report for the month of April that "The tourism sector continues to suffer the repercussions of the health crisis, showing, by the end of February 2021, declines of 81% in arrivals and 65% in revenues, against 6.1% and 14.9% increases respectively a year earlier.”
Hotels and restaurants, the most impacted sector by the health crisis, has posted a deceleration of its rate of decline from the third quarter of 2020, although less prominent than other sectors.
Indeed, the withdrawal of its value added has gone from 90% in the second quarter of 2020, to 65.2% in Q3-2020 and 57.1% in Q4-2020, i.e. a total decline of 54.8% by the end of 2020, the Directorate recalled.
Over the course of 2020, the main indicators of the sector have shown declines of 78.5% for arrivals, of 72.4% for overnight stays and of 53.7% for tourism revenues.