Tourism in Peru will generate $11 billion in 2021

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LivinginPeru.com

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Tourists in Machu Picchu (Photo:Andina/Percy Hurtado )

The World Travel and Tourism Council (WTTC) predicts that tourism in Peru will grow at an average annual rate of 5.5 percent in 2012 reaching a record that would exceed 11 billion in 2021, informed the Lima Chamber of Commerce (CCL).

According to an article published in Andina, the WTTC’s report indicates that tourism directly contributed $6.3 – 4.3 percent of Peru’s GDP in 2010- to the economy.

These figures include the activities of hotels, travel agencies, airlines and other transportation services, restaurants and entertainment purchased by local and foreign tourists.

Although tourism increased at a rate of 4.1 percent last year, this was below the 9.1 percent in crease in 2009.

The slowdown in tourism growth is primarily due to domestic factors, specifically the city of Cusco, the main tourist destination, which in early 2010 suffered a sharp decline in tourist flow from 14.2 percent.

This was due to natural disasters that crippled the transport system and prompted the closure of Machu Picchu for three months, which resulted in the loss of approximately 6,000 jobs.

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