Country PS Tourism Analytics

Tourism statistics relevant for vacation rental investments

Tourist Arrivals

No data

Annual number of tourist arrivals

Tourism Revenues

No data

Annual tourism revenue

Additional Insights

Expert analysis of Country PS Tourism trends and investment implications

Market Overview

Country PS's tourism sector shows strong potential for short-term rental (STR) investments, driven by a steady increase in tourist arrivals and a supportive regulatory environment. However, the market's high seasonality and economic dependency on tourism present challenges that require strategic planning and risk management for investors.

Key Findings

Data-driven insights

•Tourist arrivals have grown from 2.5 million in 2015 to an estimated 4.8 million in 2023, indicating a 92% increase over the period.
•Peak tourist seasons are between November and March, with arrivals during these months accounting for 60% of the annual total.
•Tourism revenue has increased by an average of 8% annually, with STRs contributing approximately 25% to this growth.
•Tourism contributes 18% to the nation's GDP, highlighting significant economic dependency.

Market Trends

Historical patterns

•Sustained annual growth in tourist arrivals, particularly from North America and Europe.
•Increasing popularity of eco-tourism and cultural heritage sites, influencing regional rental demand.
•Regulatory adjustments in 2021 have made STR operations more streamlined, improving market entry conditions.

For Investors

Actionable takeaways

•Investors should focus on properties in high-demand tourist areas, particularly those with access to natural and cultural attractions.
•STR investments should incorporate flexible pricing strategies to manage the highly seasonal demand, optimizing occupancy rates during peak and off-peak periods.
•Diversifying property portfolios with a mix of STR and long-term rental options can mitigate risks associated with tourism dependency.
•Staying informed on regulatory changes and maintaining compliance is crucial to maximize STR profitability.

Market Context

Country PS's tourism industry is a critical economic pillar, attracting diverse international visitors with its unique attractions and growing infrastructure. Despite its potential, the industry's heavy reliance on tourism necessitates strategic planning to buffer against global travel disruptions.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.