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BCR: Tourism loses $100 million due to cancellations

In Cusco, the region’s chamber of commerce estimates tourism loss at S$7 million per day. | Font: Andean

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The tourism sector is one of the hardest hit by stops generated by protests in the south of the country, which entail millions of losses for thousands of people.

According to the Central Reserve Bank (BCR), the removal of reserves in this sector implies an impact of about $100 million per month.

“There are transport problems, imports by land, there are also disruptions in trade, there are disruptions in terms of cancellation sightseeing international admission valued at around $100 million a month,” said Adrian Armas, general manager of economic research at BCR.

Armas specified that the regions affected by protests they make up 15% of the gross domestic product (GDP).

How much does each region lose?

This week, the Cusco Chamber of Commerce estimates tourism loss to the region at S$7 million a day.

“Now we present the consequences of the December mobilizations, which led to the cancellation of travel packages and hotels, tourists they have changed their destination and no longer want to come to Peru,” commented John Gonzalez, president of the union.

In Puno, the region’s chamber of commerce has estimated that the tourism sector is reporting a loss of S$250,000 per day.

“We have laid off over 50% of the people who worked for us, and this is a big loss because we wanted to have this team from the very beginning. sightseeing The situation has been improving and this year we expected to recover more than 50%,” said Francisco Akise, president of the union.

As for Arequipa, the region’s Travel and Tourism Association estimates that tourism is losing S$5 million a day due to the nationwide strike.

Source: RPP

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