Tourism revenues set a new record during 2023, reaching 97.4 billion dirhams, a 15.8 percent year-on-year increase, according to the Department of Economic Studies and Financial Forecast in the Finance Ministry.
In its latest note for January 2024, the Directorate highlighted a 33.7 percent growth in tourism revenues compared to the end of November 2019. This improvement follows a 15.5 percent increase from the previous year.
The Directorate reported that the momentum in tourism indicators persisted in November 2023, with a 36 percent year-over-year increase in arrivals to Morocco, totaling approximately 13.3 million arrivals.
This figure also represented an 11 percent rise compared to pre-crisis levels. Notably, there was a 9.6 percent increase by the end of September 2023, compared to an 18.6 percent decline a year ago.
Regarding nights spent in classified accommodation institutions, the annual flow surged by 38 percent at the end of November 2023.
This growth was attributed to a substantial increase in overnight stays for non-residents (up by 60 percent) and residents (up by 8 percent). Key destinations in Morocco experienced significant performance, including Marrakesh (up by 53 percent), Agadir (up by 29 percent), Casablanca (up by 36 percent), Tangier (up by 22 percent), Fez (up by 32 percent), Rabat (up by 25 percent), Essaouira (up by 41 percent), and Al Haouz (up by 64 percent).
The rate of recovery for overnight stays, compared to pre-crisis levels, reached 101 percent by the end of November 2023, surpassing the 73 percent recorded at the end of November 2022.
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