logoBC
Yaoundé - 20 November 2018 -
Tourism

Cameroon : Tourism and travel sector will only capture 2.2% of national investment until 2028 (WTTC)

Cameroon : Tourism and travel sector will only capture 2.2% of national investment until 2028 (WTTC)
  • Comments   -   Friday, 09 November 2018 14:54

(Business in Cameroon) - Over the next 10 years, Cameroon’s tourism and travel industry will still capture a small share of overall investment. According to projections by the World Travel & Tourism Council (WTTC), a global forum of travel and tourism industry operators, investment in this sector will grow by 3% a year to CFA142 billion in 2028, thus only 2.2% of national investment.

Nevertheless, at the end of this year, with 2.6% of the national investment envelope, the sector will experience an annual growth by 3.9%, compared to the CFA101 billion invested last year, WTTC said.

This growth is mainly the result of the major hotel projects currently under way in the country, upon the organization of the African Cup of Nations (AFCON), which Cameroon will host between June and July 2019.

Brice R. Mbodiam 

Mags frontpage


Business in Cameroon n69: November 2018

Cameroon’s finance sector goes through rapid digitalization

Cashew, a sector with great potential, both for revenues and job creation



Investir au Cameroun n79: Novembre 2018

Le secteur financier camerounais se digitalise à grande vitesse

L’anacarde, un vaste potentiel de revenus et d’emplois