≡-Peru’s Tourism Industry Set to Propel Economic Growth With Twenty-Three Billion Dollar Contribution By 2025 – Viral of Today

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Home » PERU TRAVEL NEWS » Peru’s Tourism Industry Set to Propel Economic Growth With Twenty-Three Billion Dollar Contribution By 2025 Tuesday, July 29, 2025Peru’s tourism industry is on track to achieve remarkable milestones by 2025, with projections indicating that the sector will generate over $23 billion, accounting for 7.8% of the national GDP. This marks a historic high for Peru’s travel industry, which is expected to grow by 6.9% in 2025 compared to the previous year, emphasizing the increasing economic importance of tourism to the country.According to the latest findings from the World Travel and Tourism Council (WTTC) and Oxford Economics, the sector will provide 1.17 million jobs in 2025, which will represent 6.6% of the total workforce in Peru. This marks an 8.4% increase in employment from 2019, underscoring the tourism sector’s role as a critical driver of job creation.Domestic and International Tourism SurgeDomestic tourism is also expected to experience significant growth, with spending set to reach $12 billion by the end of the year. This represents a 6.5% increase from the previous year, further strengthening the country’s internal tourism market. At the same time, international tourism is projected to generate more than $5 billion by year-end, a 9.4% rise compared to the previous year.In 2024, Peru’s travel and tourism sector contributed $21.6 billion to the GDP, representing 7.5% of the total economy. The sector also employed 1.11 million people, accounting for 6.4% of total employment. Domestic tourism spending grew by more than 9% from the previous year, while international spending surged by nearly 22%, reaching $4.7 billion.Leisure travel continues to dominate, accounting for over 86% of the total tourism spending, with business travel contributing 13.8%. Key international markets fueling Peru’s tourism growth include Chile, which contributes 25% of the international revenue, followed by the United States at 18% and Ecuador at 8%.Projections for 2035: Strong Growth ExpectedLooking toward the future, Peru’s tourism sector is expected to maintain its upward trajectory. By 2035, the industry is anticipated to contribute $34.3 billion to the national economy, or 8.5% of GDP. Employment in the sector is forecasted to rise to 1.4 million jobs, adding 278,500 new positions over the next decade. Spending by international visitors could reach $9.4 billion, while domestic spending is projected to exceed $16 billion, solidifying the travel and tourism industry as one of Peru’s most promising economic sectors.Regional Tourism Trends: Growth Across Latin AmericaIn a broader regional context, the travel and tourism sector in Central and South America is also expanding rapidly. In 2024, the industry contributed $358.7 billion to the regional GDP, which represents 7.5% of the total economic output. This is a 9% increase from 2019. The sector supported 17.5 million jobs, which represents 8% of the region’s total workforce, with a year-over-year growth rate of 4.4%. By 2025, the contribution to the regional GDP is expected to rise to $372 billion, with employment in the sector growing to 18.2 million jobs, or 8.2% of total employment.Positioning Peru as a Global Tourism LeaderTo maintain and enhance its growth, Peru must continue to focus on both domestic and international investments in tourism. Strengthening international connectivity, promoting the country’s diverse tourist destinations, and expanding the range of tourism experiences offered are all vital steps in attracting more visitors from around the world.Peru is becoming an increasingly sought-after destination, thanks to its rich cultural heritage, stunning landscapes, and growing infrastructure. These factors are contributing to the country’s rising status in the global tourism market. With a strategic emphasis on enhancing tourism offerings and expanding its international presence, Peru is well-positioned to become a leading global tourism hub, driving further economic growth and creating thousands of new employment opportunities.As the world continues to seek more sustainable and culturally rich travel experiences, Peru’s tourism sector is on the path to long-term success. The country’s efforts to support both international and domestic tourism are set to ensure continued growth throughout the coming years, positioning it as a key player in the global tourism industry.

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