Mincetur estimates that tourism businesses lose S/. 25 million per day in Peru
29-01-23
The head of Mincetur, Luis Helguero, pointed out that due to the protests, arrivals at lodging establishments fell by 52% and passenger arrivals at land terminals contracted by 56% and at airports by 31%.
Tourism in Peru has been one of the main drivers for the economy because it positively impacted a whole productive chain including hotels, restaurants, travel agencies, guides, commerce and transport. However, the wave of social protests that has led to the temporary closure of airports and the inoperability of trains in the Cusco tourist corridor has caused millions of dollars in losses to the tourism sector.
The most affected regions in the country are Cusco, Madre de Dios and Puno, all three located in the south and with important road blockades and pickets.
Economic losses due to social protests reach S/2,150 million, MEF estimates
The accumulated impact in December 2022 was S/. 1,000 million and so far in January (up to Monday 23) the losses reach S/ 1,150 million, detailed the head of Economy, Alex Conteras. In addition, the most economically affected regions were Cusco, Madre de Dios and Puno.
In view of this problem, Luis Helguero, head of the Ministry of Foreign Trade and Tourism (Mincetur), estimated that, between 12 December 2022 and 22 January 2023, businesses in the tourism sector recorded losses of S/. 1,052 million. This negative figure would be jeopardising the operations of tourism companies and would put thousands of jobs at risk.
The minister also pointed out that a recovery of 27% was planned for this year, representing an increase of 540,000 additional international arrivals by 2022.