In Cameroon, locals’ weight in tourism revenues is almost double that of foreigners (WTTC)

Tourism

In Cameroon, locals’ weight in tourism revenues is almost double that of foreigners (WTTC)

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- Tuesday, 18 December 2018 14:36

(Business in Cameroon) - A recent World Travel & Tourism Council (WTTC) report showed that Cameroonians indeed significantly contribute to their country’s tourism revenues.

According to figures, domestic travel spending alone generated 71.2% of tourism & travel share in GDP in 2017 compared with 28.8% for visitors’ spending. This year, domestic tourism spending is expected to grow by 5%, reaching XAF875.5 billion, almost double of foreign spending. Following the same trend, foreigners’ spending is forecasted to increase by 3.9% compared to 2017.

In the long term, WTTC sees a rise by 4.9% per annum in domestic revenues to XAF1,414.1 billion in 2028 and a rise by 5.2% per annum to XAF581.2bn in 2028 for visitors’ spending.

Brice R. Mbodiam

Follow @investcameroun

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