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Hotels and restaurants will lose $1.1 billion due to protests in Peru

The lack of tourists worries the locals. | Font: Andean

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Early election protests could result in economic losses of up to $1.1 billion in the first quarter of 2023, impacting profits directly Hotels and restaurants, according to Blanca Chavez, president of the Association of Hotels, Restaurants and Related Products (NOW Peru).

“We came after pandemic pretty hackneyed, just trying to reactivate and it’s good that this issue is coming to us and we hope it ends soon,” he commented.

According to the spokesman, this quarter there was a lot of expectation of a concentration of visitors in the northern regions, since it is summer now, only in these areas hotel bookings do not exceed 40%.

“People are scared, what is happening in the north is chaos. You must reflect. Yes, we have the right to protest, to march, but peacefully, without death, without attacks,” he stressed.

guild calculate the loss of a millionaire, only in the receiving tourism an average of 700 million US dollars, and in the national tourism about 400 million US dollars. With this panorama, a meeting with ministers is proposed to find a solution to the problem.

In addition, he pointed out that it is necessary to give a longer period, at least six months, so that restaurant owners can fulfill the payment of Reactiva loans. “Small official restaurants in Lima sell 40% less,” he lamented.

Inflation will continue to rise due to the blockade

Minister of Economy and Finance, Alex Contreras He said that tomorrow he could present a detailed account of the losses suffered by the demonstrations in connection with the early elections.

Recall that only in December, the MEF calculated daily losses from S/60 to S/100 million, when the conflict was radical in more than 13 regions of Peru.

Source: RPP

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