Tourism
From The Report: Peru 2018
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Peru’s tourism sector is ranked 46th out of 185, in terms of relative importance of travel and tourism’s total contribution to GDP, according to the World Tourism & Travel Council’s “Economic Impact 2018 Peru” report. According to the same report, in 2017 Peru’s travel and tourism sector was directly worth PEN26.5bn ($8.2bn), or 3.8% of GDP, a figure which is forecast to rise by 4.5% in 2018, and expand by an average of 4.7% per year over 2018-28 to reach PEN43.7bn ($13.5bn), or 4.2% of total GDP by 2028. The sector’s total contribution — direct plus indirect — was PEN68bn ($20.9bn) in 2017, a considerable 9.8% of GDP. This is forecast to rise by 4.7% in 2018 and 4.5% per year to PEN110.8bn ($34bn) and 10.6% of GDP in 2028, highlighting the continued importance of the tourism sector to the overall Peruvian economy. This chapter includes interviews with Virgilio Martínez, Head Chef and Owner, Central; and Jorge Melero, CEO, Hoteles Libertador.

Articles from this Chapter

Overview

Charting new territory: The government balances the fast-growing sector with the need to protect and conserve sites
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Thanks to its unique historic, cultural and natural offerings, including Machu Picchu, the Andean mountain range and one of the world’s most exciting cuisines, Peru is one of the fastest-growing tourism destinations in the region and the world. For the sixth consecutive year, in December 2017 Peru was named the World’s Leading Culinary Destination at the World Travel Awards. The capital city of Lima ranks alongside New York, London and Mexico City for having some of the world’s best-ranked…

Interview

Culinary creations: Virgilio Martínez, Head Chef and Owner, Central, on enhancing research, development and innovation in gastronomy
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Virgilio Martínez : Interview What factors have contributed to the global recognition of Peruvian gastronomy? VIRGILIO MARTÍNEZ: Peru was one of the first countries in Latin America to integrate gastronomy, identity and culture, which was achieved thanks in part to Mistura, Latin America’s most important gastronomy fair, celebrated annually since 2007. Peruvian cuisine gained global recognition as a result, and is ahead of all other Latin American cuisines. One fundamental characteristic that…

Interview

Room for opportunity: Jorge Melero, CEO, Hoteles Libertador, on medium-term growth prospects for the sector, and the meetings, incentives, conferences and exhibitions (MICE) segment
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Interview :Jorge Melero With hotel investments expected to reach $1.1bn between 2017 and 2021, how can Peru develop its attractiveness as a MICE destination? JORGE MELERO: The bulk of hotel investments in Lima will translate into more rooms for international business and leisure clients. For this segment, one can estimate 2800 new rooms between 2018 and 2022. Peru can strengthen its position as a regional centre for the MICE segment given the fact that Jorge Chávez International Airport…

Analysis

New horizons: Continued efforts to pursue the meetings, incentives, conferences and exhibitions (MICE) segment pay off
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In recent years, Peru has established itself as a unique tourism destination, with the majority of the sector’s growth relying on its internationally recognised historical sites, such as Machu Picchu, and its natural geological features, including the Andean mountain range and the country’s extensive coastline. One of the most promising areas of the Peruvian tourism market is the MICE segment, slated to become a driver for the sector, not only for the increasing number of travellers, but their…