IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.26% USD/MXN17.40▼ 0.19% USD/CLP932.22▼ 0.24% USD/COP3,232▼ 1.12% USD/PEN3.40▲ 0.16% USD/ARS1,478▼ 0.24% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.07% BRENT 91.54 ▲ 2.60% WTI 84.60 ▲ 1.65% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.67% GOLD 4,075 ▲ 1.61% SILVER 59.34 ▲ 4.47% SOY 1,219 ▼ 0.61% CORN 472.50 ▲ 5.12% WHEAT 668.75 ▼ 0.78% COFFEE 326.10 ▼ 2.48% SUGAR 14.84 ▲ 0.13% ORANGE JUICE 147.95 ▲ 0.37% COTTON 79.51 ▲ 2.77% COCOA 5,627 ▲ 1.94% BEEF 222.08 ▼ 1.96% CATTLE 343.50 ▼ 2.41% LITHIUM 69.16 ▲ 3.35% PETR4 41.50 ▲ 0.85% VALE3 71.92 ▼ 0.01% ITUB4 42.23 ▼ 0.17% BBDC4 18.42 ▲ 0.05% ABEV3 15.75 ▼ 0.25% BBAS3 20.21 ▲ 0.20% B3SA3 14.98 ▼ 1.83% WEGE3 42.72 ▼ 0.95% PRIO3 58.87 ▲ 2.05% SUZB3 41.76 ▼ 0.31% RENT3 36.68 ▼ 2.16% AZZA3 17.58 ▼ 3.25% CSAN3 3.72 ▼ 2.62% RAIZ4 0.27 — 0.00% PCAR3 2.68 ▲ 3.08% GMAT3 3.80 ▼ 1.30% PSSA3 53.19 ▼ 1.86% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.67 ▲ 0.74% NATU3 8.66 ▲ 0.35% BRKM5 5.95 ▲ 0.17% RANI3 7.86 ▼ 1.63% CSNA3 5.11 ▲ 0.79% CMIN3 5.50 ▲ 2.04% USIM5 8.28 ▲ 1.47% GGBR4 23.59 ▼ 0.13% ENEV3 25.16 ▼ 1.91% CPFE3 46.14 ▼ 0.39% CMIG4 10.96 ▼ 0.54% EQTL3 38.53 ▼ 1.93% LREN3 13.12 ▼ 1.43% VIVT3 35.44 ▼ 0.64% RAIL3 13.29 ▼ 2.06% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.39 ▼ 1.61% RDOR3 33.89 ▼ 4.40% HAPV3 11.30 ▼ 2.16% FLRY3 16.37 ▼ 1.15% SMTO3 15.34 ▼ 0.45% UGPA3 31.21 ▼ 1.55% VBBR3 33.03 ▼ 3.17% BBSE3 41.10 ▲ 0.12% BPAC11 55.41 ▼ 0.77% CURY3 29.56 ▼ 2.09% AERI3 2.02 ▼ 2.42% VIVARA 21.59 ▼ 1.68% COMPASS 24.31 ▼ 1.18% VAMOS 3.09 — 0.00% SANB11 27.45 ▲ 1.63% ASAI3 8.13 ▼ 0.12% SBSP3 28.31 ▼ 2.31% WALMEX 49.36 ▼ 0.04% GMEXICO 204.21 ▲ 1.68% FEMSA 226.86 ▼ 0.05% CEMEX 22.04 ▲ 0.73% GFNORTE 182.02 ▲ 1.12% BIMBO 59.33 ▼ 0.29% TELEVISA 9.82 ▲ 1.13% AMX 22.77 ▲ 0.13% GAP 376.91 ▼ 0.34% ASUR 271.16 ▼ 1.17% OMA 224.94 ▼ 0.66% KOF 180.71 ▼ 0.06% GRUMA 288.17 ▲ 0.20% KIMBER 38.10 ▼ 0.76% SQM-B 63,950 ▲ 1.31% COPEC 6,364 ▲ 2.65% BSANTANDER 78.51 ▲ 3.18% FALABELLA 5,839 ▼ 0.61% ENELAM 84.42 ▲ 0.37% CENCOSUD 2,005 ▲ 0.51% CMPC 1,089 ▲ 2.11% BANCO CHILE 189.96 ▲ 1.86% LATAM AIR 24.41 — 0.00% YPF 80,700 ▲ 1.89% GGAL 7,965 ▲ 1.53% PAMPA 5,485 ▲ 4.08% TXAR 670.00 ▼ 0.07% ALUAR 967.50 ▲ 0.83% TGS 9,565 ▲ 0.68% CEPU 2,330 ▲ 1.79% MIRGOR 16,725 ▼ 2.34% COME 43.26 ▲ 0.72% LOMA NEGRA 3,630 ▲ 1.61% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.50 ▲ 2.93% BANCOLOMBIA 81.70 ▲ 1.08% GRUPO AVAL 4.99 ▲ 0.81% CREDICORP 392.71 ▲ 1.51% SOUTHERN COPPER 182.87 ▲ 4.46% BUENAVENTURA 30.85 ▲ 2.63% MERCADOLIBRE 1,800 ▼ 1.78% NUBANK 14.11 ▲ 0.86% XP 16.45 ▼ 2.08% PAGSEGURO 9.24 ▼ 0.59% STONE 10.92 ▼ 1.84% GLOBANT 32.35 ▲ 0.17% TECNOGLASS 45.22 ▼ 1.93% GAP AIRPORT 216.32 ▼ 0.37% ASUR 271.16 ▼ 1.17% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.11 ▲ 0.02% FEMSA ADR 130.32 ▲ 0.24% CEMEX ADR 12.63 ▲ 1.12% PETROBRAS ADR 18.43 ▲ 1.29% VALE ADR 14.12 ▲ 0.11% ITAU ADR 8.32 — 0.00% SANTANDER BR 5.41 ▲ 0.74% AMBEV ADR 3.09 ▲ 0.32% CSN 1.02 ▲ 0.50% GERDAU 4.68 ▼ 0.11% LATAM ADR 52.36 ▲ 1.20% BTC 66,710 ▲ 2.27% ETH 1,929 ▲ 1.31% SOL 78.00 ▲ 0.27% XRP 1.15 ▲ 3.49% BNB 575.31 ▲ 0.80% ADA 0.18 ▲ 3.48% DOGE 0.07 ▲ 1.55% AVAX 6.60 ▲ 0.36% LINK 8.68 ▲ 1.12% DOT 0.86 ▲ 3.74% LTC 47.86 ▲ 1.10% BCH 224.90 ▲ 2.27% TRX 0.33 ▲ 0.63% XLM 0.19 ▲ 3.00% HBAR 0.07 ▲ 2.81% NEAR 1.97 ▼ 0.64% ATOM 1.50 ▲ 0.13% AAVE 94.79 ▲ 5.59% SELIC 14.25% EMBRAER 82.12 ▼ 1.40% EMBRAER ADR 64.67 ▼ 1.91% JBS 11.80 ▼ 1.95% JBS BDR 59.94 ▼ 1.40% MBRF3 14.77 ▲ 1.72% MBRFY 2.94 ▲ 1.03% INTER 5.52 ▼ 1.87% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.48% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY162.94▲ 0.27% USD/CNY6.76▼ 0.17% DAX 24,946 ▲ 0.40% CAC 8,341 ▲ 0.01% FTSE 10,562 ▲ 0.35% MIB 52,214 ▲ 0.68% IBEX 19,338 ▲ 0.68% STOXX 641.82 ▲ 0.35% EUR/USD1.14▼ 0.03% GBP/USD1.34▼ 0.51% SPX 7,493 ▲ 0.66% DJI 52,105 ▲ 0.51% NDX 29,069 ▲ 1.63% RUT 2,966 ▲ 0.81% TSX 35,127 ▲ 0.48% VIX 17.42 ▼ 6.60% USD/CAD1.41▲ 0.18% US10Y 4.6240 ▲ 0.57% IBOV 172,758.89 ▼ 0.35% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.08 ▼ 0.26% USD/MXN 17.40 ▼ 0.19% USD/CLP 932.22 ▼ 0.24% USD/COP 3,232 ▼ 1.12% USD/PEN 3.40 ▲ 0.16% USD/ARS 1,478 ▼ 0.24% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.07% BRENT 91.54 ▲ 2.60% WTI 84.60 ▲ 1.65% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.67% GOLD 4,075 ▲ 1.61% SILVER 59.34 ▲ 4.47% SOY 1,219 ▼ 0.61% CORN 472.50 ▲ 5.12% WHEAT 668.75 ▼ 0.78% COFFEE 326.10 ▼ 2.48% SUGAR 14.84 ▲ 0.13% ORANGE JUICE 147.95 ▲ 0.37% COTTON 79.51 ▲ 2.77% COCOA 5,627 ▲ 1.94% BEEF 222.08 ▼ 1.96% CATTLE 343.50 ▼ 2.41% LITHIUM 69.16 ▲ 3.35% PETR4 41.50 ▲ 0.85% VALE3 71.92 ▼ 0.01% ITUB4 42.23 ▼ 0.17% BBDC4 18.42 ▲ 0.05% ABEV3 15.75 ▼ 0.25% BBAS3 20.21 ▲ 0.20% B3SA3 14.98 ▼ 1.83% WEGE3 42.72 ▼ 0.95% PRIO3 58.87 ▲ 2.05% SUZB3 41.76 ▼ 0.31% RENT3 36.68 ▼ 2.16% AZZA3 17.58 ▼ 3.25% CSAN3 3.72 ▼ 2.62% RAIZ4 0.27 — 0.00% PCAR3 2.68 ▲ 3.08% GMAT3 3.80 ▼ 1.30% PSSA3 53.19 ▼ 1.86% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.67 ▲ 0.74% NATU3 8.66 ▲ 0.35% BRKM5 5.95 ▲ 0.17% RANI3 7.86 ▼ 1.63% CSNA3 5.11 ▲ 0.79% CMIN3 5.50 ▲ 2.04% USIM5 8.28 ▲ 1.47% GGBR4 23.59 ▼ 0.13% ENEV3 25.16 ▼ 1.91% CPFE3 46.14 ▼ 0.39% CMIG4 10.96 ▼ 0.54% EQTL3 38.53 ▼ 1.93% LREN3 13.12 ▼ 1.43% VIVT3 35.44 ▼ 0.64% RAIL3 13.29 ▼ 2.06% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.39 ▼ 1.61% RDOR3 33.89 ▼ 4.40% HAPV3 11.30 ▼ 2.16% FLRY3 16.37 ▼ 1.15% SMTO3 15.34 ▼ 0.45% UGPA3 31.21 ▼ 1.55% VBBR3 33.03 ▼ 3.17% BBSE3 41.10 ▲ 0.12% BPAC11 55.41 ▼ 0.77% CURY3 29.56 ▼ 2.09% AERI3 2.02 ▼ 2.42% VIVARA 21.59 ▼ 1.68% COMPASS 24.31 ▼ 1.18% VAMOS 3.09 — 0.00% SANB11 27.45 ▲ 1.63% ASAI3 8.13 ▼ 0.12% SBSP3 28.31 ▼ 2.31% WALMEX 49.36 ▼ 0.04% GMEXICO 204.21 ▲ 1.68% FEMSA 226.86 ▼ 0.05% CEMEX 22.04 ▲ 0.73% GFNORTE 182.02 ▲ 1.12% BIMBO 59.33 ▼ 0.29% TELEVISA 9.82 ▲ 1.13% AMX 22.77 ▲ 0.13% GAP 376.91 ▼ 0.34% ASUR 271.16 ▼ 1.17% OMA 224.94 ▼ 0.66% KOF 180.71 ▼ 0.06% GRUMA 288.17 ▲ 0.20% KIMBER 38.10 ▼ 0.76% SQM-B 63,950 ▲ 1.31% COPEC 6,364 ▲ 2.65% BSANTANDER 78.51 ▲ 3.18% FALABELLA 5,839 ▼ 0.61% ENELAM 84.42 ▲ 0.37% CENCOSUD 2,005 ▲ 0.51% CMPC 1,089 ▲ 2.11% BANCO CHILE 189.96 ▲ 1.86% LATAM AIR 24.41 — 0.00% YPF 80,700 ▲ 1.89% GGAL 7,965 ▲ 1.53% PAMPA 5,485 ▲ 4.08% TXAR 670.00 ▼ 0.07% ALUAR 967.50 ▲ 0.83% TGS 9,565 ▲ 0.68% CEPU 2,330 ▲ 1.79% MIRGOR 16,725 ▼ 2.34% COME 43.26 ▲ 0.72% LOMA NEGRA 3,630 ▲ 1.61% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.50 ▲ 2.93% BANCOLOMBIA 81.70 ▲ 1.08% GRUPO AVAL 4.99 ▲ 0.81% CREDICORP 392.71 ▲ 1.51% SOUTHERN COPPER 182.87 ▲ 4.46% BUENAVENTURA 30.85 ▲ 2.63% MERCADOLIBRE 1,800 ▼ 1.78% NUBANK 14.11 ▲ 0.86% XP 16.45 ▼ 2.08% PAGSEGURO 9.24 ▼ 0.59% STONE 10.92 ▼ 1.84% GLOBANT 32.35 ▲ 0.17% TECNOGLASS 45.22 ▼ 1.93% GAP AIRPORT 216.32 ▼ 0.37% ASUR 271.16 ▼ 1.17% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.11 ▲ 0.02% FEMSA ADR 130.32 ▲ 0.24% CEMEX ADR 12.63 ▲ 1.12% PETROBRAS ADR 18.43 ▲ 1.29% VALE ADR 14.12 ▲ 0.11% ITAU ADR 8.32 — 0.00% SANTANDER BR 5.41 ▲ 0.74% AMBEV ADR 3.09 ▲ 0.32% CSN 1.02 ▲ 0.50% GERDAU 4.68 ▼ 0.11% LATAM ADR 52.36 ▲ 1.20% BTC 66,710 ▲ 2.27% ETH 1,929 ▲ 1.31% SOL 78.00 ▲ 0.27% XRP 1.15 ▲ 3.49% BNB 575.31 ▲ 0.80% ADA 0.18 ▲ 3.48% DOGE 0.07 ▲ 1.55% AVAX 6.60 ▲ 0.36% LINK 8.68 ▲ 1.12% DOT 0.86 ▲ 3.74% LTC 47.86 ▲ 1.10% BCH 224.90 ▲ 2.27% TRX 0.33 ▲ 0.63% XLM 0.19 ▲ 3.00% HBAR 0.07 ▲ 2.81% NEAR 1.97 ▼ 0.64% ATOM 1.50 ▲ 0.13% AAVE 94.79 ▲ 5.59% SELIC 14.25% EMBRAER 82.12 ▼ 1.40% EMBRAER ADR 64.67 ▼ 1.91% JBS 11.80 ▼ 1.95% JBS BDR 59.94 ▼ 1.40% MBRF3 14.77 ▲ 1.72% MBRFY 2.94 ▲ 1.03% INTER 5.52 ▼ 1.87% EGX 53,990 ▲ 1.63% USD/ZAR 16.47 ▼ 0.16% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.00 ▲ 0.33% USD/CNY 6.7557 ▼ 0.03% DAX 24,946 ▲ 0.40% CAC 8,341 ▲ 0.01% FTSE 10,562 ▲ 0.35% MIB 52,214 ▲ 0.68% IBEX 19,338 ▲ 0.68% STOXX 641.82 ▲ 0.35% EUR/USD 1.1409 ▼ 0.04% GBP/USD 1.3371 ▼ 0.41% SPX 7,493 ▲ 0.66% DJI 52,105 ▲ 0.51% NDX 29,069 ▲ 1.63% RUT 2,966 ▲ 0.81% TSX 35,127 ▲ 0.48% VIX 17.42 ▼ 6.60% USD/CAD 1.4091 ▲ 0.09% US10Y 4.6240 ▲ 0.57%
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Africa Northern Africa

Morocco’s Tourism Surge: A Beacon of Hope for Africa’s Travel Industry

By · September 9, 2024 · 2 min read

Africa Intelligence

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Morocco’s tourism sector is experiencing a remarkable resurgence in 2024, defying global challenges.

According to the 2024-2025 Country Brand Ranking/Tourism Edition by Bloom Consulting, the country welcomed 3.3 million visitors in the first quarter, a 12.8% increase from the previous year.

Morocco’s tourism growth surpasses pre-pandemic levels by an impressive 31.6%, propelling it past South Africa to become Africa’s second-largest travel market.

In addition, this remarkable recovery showcases Morocco’s resilience and appeal to international visitors. The tourism boom is not limited to Morocco alone.

Africa’s travel market is projected to reach $24.42 billion in revenue this year. Experts predict an annual growth rate of 4.98%, potentially hitting $29.66 billion by 2028.

Morocco's Tourism Surge: A Beacon of Hope for Africa's Travel Industry
Morocco’s Tourism Surge: A Beacon of Hope for Africa’s Travel Industry. (Photo Internet reproduction)
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Morocco’s success story is particularly noteworthy. In 2023, the nation attracted a record-breaking 13.2 million tourists.

This achievement is even more remarkable considering the devastating earthquake that struck in September of that year.

The country’s resilience and appeal have not gone unnoticed. CNN Travel recently named Morocco among the top 24 tourist destinations for 2024. The network praised Morocco’s diverse landscapes and spectacular architecture.

However, Morocco’s ambitions extend far beyond current achievements. The nation aims to attract 17.5 million visitors by 2026.

Furthermore, it has set an ambitious goal of 26 million tourists by 2030, when it co-hosts the World Cup with Spain and Portugal.

Morocco’s Tourism Strategy

Morocco’s tourism strategy focuses on sustainability and diversification. The country is promoting lesser-known gems like Tetouan and Meknes alongside popular destinations such as Marrakech and Fez.

However, this approach aims to distribute tourism benefits more evenly across the nation. The impact of tourism on Morocco‘s economy is substantial.

The sector directly employs 550,000 people, accounting for 15% of the total working population. Tourism contributes 7% to Morocco’s GDP, highlighting its crucial role in the nation’s economic landscape.

As Africa’s second-most visited country, Morocco’s success offers valuable lessons for the continent. Its focus on sustainable practices, infrastructure development, and cultural preservation could serve as a model for other African nations.

The broader African tourism landscape is also evolving. Countries like Egypt, South Africa, and Kenya continue to attract visitors with their unique offerings.

In addition, the continent’s travel industry is increasingly catering to diverse preferences, from wildlife safaris to cultural experiences.

Despite these positive trends, challenges remain. Political stability, security concerns, and infrastructure development continue to shape tourism patterns across Africa.

However, the continent’s rich cultural heritage and natural wonders provide a strong foundation for future growth.

As Morocco and other African nations navigate the complexities of modern tourism, their success could redefine the global travel landscape.

In addition, the continent’s unique blend of experiences offers a compelling alternative to traditional destinations, promising a bright future for African tourism.

The top 10 tourist destinations in Africa for 2024, based on various sources and rankings, are as follows:

1. Egypt
2. Morocco
3. South Africa
4. Kenya
5. Tanzania
6. Mauritius
7. Namibia
8. Botswana
9. Rwanda
10. Ghana

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