According to our estimates, tourism revenues increased by 17.6% y/y, reaching US$ 304.0mn in May-23.
Overall, tourism revenues reached US$ 1,350mn (+60.5% y/y) in 5M23, based on our estimate- Galt&tTaggart weekly review reads.
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.
