Thursday , October 28 2021

Morocco: Good performance of tertiary activities


In its latest economic update of the year, the Department of Financial Studies and Forecasts (DEPF) announced favorable closing prospects for the tourism sector, highlighting consolidated growth at the beginning of the year. last quarter that favors the continued dynamism of the external market.
According to this department under the Ministry of Economy and Finance, the number of arrivals to the Moroccan destination increased by 14.9% in October 2017 and foreign tourists were the origin of 98% of this dynamic with an increase of 23.5%.
Taking into account this evolution, the DEPF estimated that the number of arrivals improved by 9.4% at the end of October 2017, after + 8.9% a month earlier and a slight increase of 0.4% a year ago.
Regarding the nights spent in classified accommodation establishments, it indicated that their number has strengthened 18.6% in October 2017. And to specify that the external market channels 92% of this development, recording an increase of 23.3%, driven by the consolidated increases posted by the main issuing markets.
Thus, at the end of the first ten months of 2017, the DEPF noted that these overnight stays increased by 15.4% to 18.7 million overnight stays, after + 2.1% a year earlier, enjoying double-digit growth in almost all regions of the Kingdom.
About growth, noting that the city of Tangier has crossed for the first time the milestone of 1 million overnight stays, registering an increase of 26.2%.
Thanks to this evolution, the pearl of the North joins the group of first tourist centers of Morocco, in this case Marrakech, Agadir and Casablanca, whose overnight volumes reached respectively 6.5 million (+ 18.4%), 4.7 million (+ 12.2%) and 1, 8 million (+11.5%).
In its note, the DEPF also noted improvements in tourism receipts which increased by 17.5% in the first two months of the fourth quarter of the previous year. Which, she said, reduces their growth to + 6.5% at the end of the first eleven months of 2017, after + 5.6% a year earlier.
The document also noted the favorable behavior of the telecommunications sector, noting its good momentum at the end of September 2017. This evolution was driven by a return to the growth of the telephony fleet and by the consolidated performance of the Internet segment, explained the DEPF.
According to the data collected by this department, the number of subscribers to the global telephony fleet increased by 1.8%, compared to the end of September 2016, after a 2.7% withdrawal there is a year, thanks to the rebound of the mobile phone park which posted + 2.1%, after -2.5%.
That's not all: parallel to this development, voice traffic outgoing telephony Mobile continues to improve from one quarter to the next, posting an 8.5% increase, quarterly, in Q3-2017, after + 0.2% in Q2-2017.
"At the end of September 2017, the volume of voice traffic leaving the global telephony fleet fell by 3.6% compared to end of September 2016 ", adds the same source.
In terms of subscriptions to the Internet, the DEPF said that" this park continues its momentum at the end of the first nine months of 2017, recording a 33.3% increase to 22.6 million subscriptions, after + 21.8% a year ago, "noting that the penetration rate of this segment reached 64.7% after reaching 50% at the end of September 2016.
Finally, the tertiary sector also stood out positively in terms of transport activity, which continues its good momentum at the end of the first ten months of 2017.
Indeed, at the level of the activity of the air transport, the traffic of the Passenger traffic increased 11.3%, following a 2.1% rise a year earlier. Also, it can be read, air cargo traffic has increased by 18.3%, after an increase of 9.8% a year earlier.
Regarding port traffic, the DEPF noted that "the activity recorded at the ports managed by the National Ports Agency (ANP) improved by 7.2% at the end of October 2017, the same rate of increase recorded during the same period of the previous year. "
According to the DEPF analysts, this development benefits, in particular, from the good behavior of the export traffic (+ 27.8% after + 0.4%), against a decline of that of imports (-2.3% after + 11.3%).

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