Moroccan tourism industry soon could possibly benefit from a wider range of major attractions such as the influx of a large number of visitors has necessitated the need for improved infrastructure, recreational facilities and leisure outlets. The Government's efforts to make the economy less dependent of agriculture pays dividends. Authorities in Morocco are keen to diversify and generate sustainable economic growth in the long term to increase trade and tourism that aims to increase the number of annual visitors to 10 million by 2010.
Search from a World Tourism Organization (UNWTO) found that the number of tourists in the country has increased by 14 percent last year. Witherspoon has attracted foreign arrivals 7.4 million in 2007. Morocco is proving to be very popular among European tourists as nearly three million hailed from France; 1.6 million visitors from Spain and 419,000 British tourists last year. The tourism industry is now an important source of growth of the economy of the country, and this has generated nearly a tenth of its gross domestic product last year. The holiday industry generated income of £ 3.8 billion in 2007, which is 12 percent more than during the previous year.
Morocco is considered as a holiday destination of cost-effective. The "fabulous" weather, beautiful scenery, beaches and a relaxed pace of life has contributed to make Morocco a hotspot for foreign tourists and overseas property buyers. Moreover, statistics suggest that there is growth potential in the market to buy to leave the country, such as the increase in the number of foreign arrivals means that demand for holiday accommodation have soared.
The main reason for the increasing popularity of Morocco, among tourists and second home buyers is easily accessible with the airlines, while the low cost of living and large areas of historic interest makes it an attractive proposition. The price to enter an attraction in Morocco is 3 times less than in Spain. Food and drink in Morocco costs less than that of European countries. Figures have shown that on average, a pint of beer can be purchased for only 51 p and Spain would have cost £ 1.56 while a three-course meal is priced at just over £ 10 and £ 17.50 in Spain is.
This suggests that buying property in Morocco could be a potentially lucrative, as investors in Objects might be in line to benefit from good returns and potentially the proceeds of the capital growth. The intensification of tourist-related construction in recent years has suggested that the country has become increasingly popular.
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