Investment in Morocco’s tourism accommodation sector is expected to reach 8 billion MAD in 2024, which will add 7,700 new hotel beds, Morocco’s Minister of Tourism, Handicrafts, and Social and Solidarity Economy, Fatim-Zahra Ammor, said Monday during a session in the Lower House.
In response to an oral question about the “National Tourism Strategy,” Ammor stated, “The tourism department is implementing various programs outlined in the 2023-2026 roadmap, particularly those focused on promoting investment.”
The minister highlighted the “Cap Hospitality” program, which provides loans to enhance tourism offerings, with the government covering all associated interests, and noted that the ministry has received 72 applications through its online platform to date.
Ammor added that the “Go Siyaha” program, which supports businesses in tourism animation, and entertainment, has resulted in the approval of 256 investment projects.
The minister pointed out that Morocco recorded 13.1 million arrivals in the first nine months of 2024, an increase of 2 million tourists year-on-year.
Foreign exchange earnings rose by 7% to 76.4 billion MAD, while overnight stays reached 21 million, marking a 10% increase.
The minister attributed these achievements to Morocco’s strategic investments and the effective implementation of the 2023-2026 roadmap, which includes signing eight regional application contracts in the regions of Fes-Meknes, Beni Mellal-Khenifra, Tangier-Tetouan-Al Hoceima, Draa-Tafilalet, Dakhla-Oued Eddahab, Souss-Massa, Rabat-Salé-Kenitra, and the eastern region.