In 2019, international tourist arrivals reached 1.5 billion, a 4% increase over 2018, consolidating a ten-year record where tourism grew faster than the world economy as a whole. Domestic tourism added a further 8.8 billion arrivals. The sector generated $1.5 trillion in exports and employed one in ten people directly or indirectly.
Tourism came to a standstill in mid-March 2020. International tourist arrivals decreased by 56 per cent in the first months of the year, with numbers in May down by 98 per cent. This translates into a loss of nearly $320 billion in exports – over three times what was lost during the whole of the 2009 global economic crisis.
Continue reading “World Tourism Day 2021: How COVID-19 has Impacted the Economy”
The World Tourism Day is being celebrated on 27 September 2021. Tourism is one of the world’s most important economic sectors. It employs one in every ten people on Earth and provides livelihoods to hundreds of millions more. For some countries, it can represent over 20 percent of their GDP.
It allows people to experience some of the world’s cultural and natural riches and brings people closer to each other, highlighting our common humanity.
Continue reading “World Tourism Day 2021: Roadmap to Transform Tourism by Tackling 5 Priority Areas”
Small and medium enterprises play a massive role in our economy, whether through employment creation or social contributions or a source of tax revenue for the government.
Acknowledging their importance, the Minister made several provisions for SMEs in this year’s budget, in various sectors and different financial and non-financial ways.
Continue reading “The 5 Best Reviews of Mauritius Budget 2021/22 for SMEs”
The travel and tourism industry has become a global industry, which is widely considered one of the fastest-growing industries globally.
There are various purposes for one to be a tourist and to travel. Some of the reasons people travel could be for fun, experience, or increase their knowledge and learning, or for work purpose. People generally came to Mauritius for the 3s (Sun, Sea, Sand). However, the COVID-19 pandemic has impacted the world as it has somehow stopped the world for a while. This current disaster has forced people to stay home, and in a certain way, they are imprisoned for their security. The coronavirus has massively affected all the industries around the world but mainly the travel and tourism industry. COVID-19 has caused several negative impacts such as travel restriction and closed borders by many countries internationally.
Continue reading “Are You Worried About the Impact of COVID-19 on Tourism Sector in Mauritius”