Tourism
From The Report: Peru 2017
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Thanks to its unique historic and cultural offering, including one of the world’s most exciting cuisines, Peru is the fastest-growing tourism destination in the region. International tourism inflows rose by 7.7% in 2016, according to the “Economic Impact 2017 Peru” report by the World Tourism and Travel Council (WTTC), posting faster growth than anywhere else in the Americas, and above the global average of 3.9%. According to the WTTC, Peru’s travel and tourism sector was directly worth PEN25.7bn ($7.6bn) in 2016, or 3.9% of GDP, a figure which is estimated to rise to 5% of GDP within a decade. The sector’s total contribution was put at PEN66.2bn ($19.6bn), a considerable 10.1% of GDP. This is forecast to reach almost 12% of GDP by 2027, making tourism one of the country’s critical sectors.

This chapter includes an interview with Eduardo Ferreyros, Minister of Foreign Trade and Tourism

Articles from this Chapter

Overview

Taking off: One of the fastest-growing sectors shows no signs of slowing down
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Thanks to its unique historic and cultural offering, including one of the world’s most exciting cuisines, Peru is the fastest-growing tourism destination in the region. In January 2017 the country once again appeared on several go-to destinations lists, including Bloomberg’s “Where to go in 2017”, while The New York Times also singled out Cusco and the Sacred Valley as “must-sees” in its 2017 travel list, and for the fifth time, Peru in December 2016 was named the World’s Leading…

Analysis

Chasing China: Concerted efforts to attract Chines tourists appear to be paying off
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In 2015 more than 19,000 Chinese tourists visited Peru, an increase of 16% over 2014, making China the third-largest source market of Asian tourists to the country. In December 2015 Peru won the “Best New Potential Destination” award from Best Travel Media, the official media outlet of the China Association of Travel Services, a signal of the country’s popularity as a tourist destination. Throughout that year, the Ministry of Foreign Trade and Tourism (Ministerio de Comercio Exterior…

Interview

New destinations: Eduardo Ferreyros, Minister of Foreign Trade and Tourism, on developing travel and infrastructure
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Interview:Eduardo Ferreyros What specific steps are being taken to overcome airport capacity limitations? EDUARDO FERREYROS: To increase the flow of international tourists and attract more airlines, we need to define a general strategy, which should boost the strengths and correct weaknesses that have been identified in the tourism and aviation sectors. Such a strategy must take advantage of the fact that Peru has a broad airport network, made up of 117 operational terminals, including 23…