Morocco’s tourism revenue declined by 53.8% in 2020 after an increase of7.8% in 2019.
According to moroccoworldnews.com, the statistics represent a loss of MAD 42.4 billion ($4.77 billion), the Directorate of Studies and Financial Projections announced on Monday.
The statement reported on a “significant slowdown in the pace of decline recorded in the fourth quarter of 2020,” which reached -46.1%.
The volume of tourist arrivals in Morocco decreased by 78.9% at the end of November 2020 compared to an increase of 5.3% during the first eleven months in 2019.
The number of overnight stays also dropped by 72.3% after an initial increase of 5.2%.
International data show that COVID-19 crisis and the shutdown of brothers overseas crippled the global economy.
According to the World Tourism Organization, the flow of tourists decreased by 74% in 2020, showing that the Asia-Pacific region is the worst-hit region by the pandemic.
Morocco’s government has been reporting on the economic crisis due to COVID-19 since the shutdown of borders.