According to our estimates, tourism revenues continued strong growth up by 32.6% y/y, reaching US$ 250.0mn in Apr-23.

TBC Capital review says that tourism revenues increased by 79.5% compared with last year and stood at US$ 1,045mn (+y/y) in 4M23.

The National Statistics Office reports that  in the first quarter of 2023 tourism revenues increased by 102% compared to the same period of 2022 and totaled  $795 million.