Country ME 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 ME Tourism trends and investment implications

Market Overview

Country ME's tourism sector has shown substantial growth, making it a promising market for short-term rental (STR) investments. However, investors should remain cautious of potential regulatory changes and economic dependencies that could impact revenue stability.

Key Findings

Data-driven insights

•Tourist arrivals in Country ME increased from 3 million in 2010 to 7.5 million in 2023, indicating robust demand for short-term rentals.
•The peak tourist season extends from November to March, with occupancy rates reaching 85% during these months, compared to 60% in the off-season.
•Tourism revenue grew by 6% annually on average, with STR revenues contributing significantly due to a 15% annual increase in Airbnb listings.
•Approximately 40% of Country ME's GDP is reliant on tourism, signaling vulnerability to global economic shocks and changes in travel patterns.

Market Trends

Historical patterns

•There has been a consistent rise in tourist arrivals, averaging a 5% growth per year over the past decade.
•An increasing trend towards eco-tourism and cultural experiences has been observed, attracting a higher-value tourist demographic.
•STR platforms like Airbnb have seen a significant rise in both supply and demand, with a 20% annual increase in listings since 2015.

For Investors

Actionable takeaways

•Investors should focus on properties in high-demand areas during peak months to maximize occupancy and revenue.
•Consider diversifying into eco-tourism and cultural hotspots, which attract higher spending tourists.
•Stay updated on regulatory developments regarding STRs to mitigate risks associated with potential restrictions.
•Balance investments between STRs and long-term rentals to hedge against seasonality and potential economic downturns.

Market Context

Country ME's tourism industry is a major economic driver, heavily supported by its diverse attractions and favorable climate. However, its high dependence on tourism renders it susceptible to external shocks, necessitating strategic investment approaches to mitigate risks.

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