Morocco's hotel sector received more investment in the first half of 2024 by 7 percent year-on-year. The Moroccan government supports the tourism industry with various programs due to its creation of about 2.5 million jobs and its contribution to the foreign currency balance of about $ 10.5 billion last year.
Morocco presents itself as a stable destination, both politically and socially compared to other countries in the region, and therefore relies heavily on the tourism sector as one of the main sources of hard currency along with exports, industry, and direct investment.
Last year saw the opening of 135 new hotel units, with a total investment of $ 780 million, a figure that the government seeks to increase in the coming years as the need for new facilities is expected to rise, especially after the country won the bid to host the 2030 World Cup.
Source (Al-Arab Newspaper of London, Edited)
