As previously explained in our Sector Note dated 4 September 2019, tourism is the most promising segment in the real estate industry, given its healthy key indicators (i.e. the number of tourist arrivals, tourism revenues, and occupancy rates). Meanwhile, the Ministry of Tourism has been actively taking measures to support and reform the industry, pursuing a strategy that focuses on establishing a more efficient administrative framework and expanding the marketing efforts to improve the country’s image abroad.
For more details, please read the full report below.