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LatinNews Regional Monitor: Andean Group - 22 November 2018
Tourism in Peru: must the bubble burst?
Tourism is one of Peru’s major industries, and great success stories: recent years have seen an annual increase in both numbers of tourists visiting the country, and the amount they spend. According to some – including Peru’s tourism ministry – the industry is the country’s third-largest source of income, after mining and fishing. Yet 2018 has been something of a complicated year, with political upheaval in the early part of it meaning that, despite forecasts of a 7%-8% increase in visitor numbers from 2017, the sector experienced something of a wobble. All those within both the tourism ministry and national tourism association, Canatur, have confidently asserted that the sector is sure to recover lost ground. However, concerns persist on two fronts: firstly, that if Peru does garner a reputation for political instability, it risks scaring away potential visitors; and secondly, that many of the big draws – chief among them the Incan archaeological site of Machu Picchu – are already operating at more than capacity, and coping with any more visitors is likely to require significant investments in upgrading infrastructure.
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