Country IQ 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 IQ Tourism trends and investment implications

Market Overview

Country IQ's tourism sector presents significant potential for short-term rental investments driven by a consistent rise in tourist arrivals, though seasonality and economic dependency pose challenges. While opportunities exist for Airbnb-style operations, investors must navigate regulatory complexities and consider diversifying their property portfolio to mitigate risks.

Key Findings

Data-driven insights

•Tourist arrivals have increased by 45% from 2011 to 2023, reaching a peak of 5 million in 2023.
•Seasonality is pronounced, with 60% of tourist arrivals occurring between June and September, impacting occupancy rates outside peak seasons.
•Tourism revenue has grown by an average of 6% annually, indicating strong revenue potential for STRs.
•The tourism sector accounts for 20% of Country IQ's GDP, highlighting vulnerability to economic shocks.

Market Trends

Historical patterns

•A steady annual increase in tourist arrivals averaging 3.5% since 2011.
•A shift toward eco-tourism and cultural experiences, influencing property location preferences.
•Post-2020, a rapid recovery and growth in domestic tourism have been observed, stabilizing the market.

For Investors

Actionable takeaways

•Focus on properties in coastal and cultural hotspots to capitalize on peak season demand.
•Consider diversifying into long-term rentals to balance off-season vacancy risk.
•Monitor local STR regulations closely to ensure compliance and avoid financial penalties.
•Invest in eco-friendly and culturally themed accommodations to align with emerging tourist trends.

Market Context

Country IQ's tourism industry is a robust driver of the economy, characterized by consistent growth and diversification post-pandemic. However, its heavy reliance on tourism makes it susceptible to global economic fluctuations and regulatory changes.

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