UK leisure travel rises in destinations previously hit with terror threats

Tourists from the UK this summer have returned to popular travel destinations previously considered at risk for unrest or terrorism, according to data from ForwardKeys and GfK, which showed a 4.9 percent jump in UK leisure travel. “These findings illustrate the ultimate resilience of travel and tourism. Tourists are prepared to reassess their impressions of a destination if it manages to remain safe for an extended period of time. It’s encouraging that the countries previously affected by unrest are seeing their tourist-marketing efforts pay off in hard figures,” Olivier Jager, CEO and co-founder…

More than 4 million tourists by July 31 (Tourism Minister)

“Some 4 million 400 thousand tourists visited Tunisia between January 1 and July 31, 2018, up 23% over the same period of 2017,” Selma Elloumi Rekik, Minister of Tourism and Handicrafts said on Thursday. Speaking at a conference in Tunis, the minister said that tourism receipts reached 1,750 million dinars during the same period, posting a 42% increase compared to 2017. She also added that the current year would record more than 8 million tourists against more than 7 million in 2017 and less than 6 million in 2016. TunisianMonitorOnline…

Tourists are returning to Turkey, Tunisia and Egypt

Tourists from the UK are returning to previously popular destinations that have suffered in recent years due to terrorist incidents or civil unrest, such as Turkey, Tunisia and Egypt, according to the latest findings from ForwardKeys and GfK which predicts future travel patterns by analysing booking transactions by travel agents. The big winners are Turkey, Tunisia and Egypt, although the two Arab countries have yet to recover their full potential. Turkey with the biggest market share of the three, is showing a 66.4% growth in UK leisure bookings on last…

Tunisia extends deadline for solar tender by two months

Tunisia’s Ministry of Mines and Energy has extended the deadline for project proposals for a 70MW solar tender by two months, from 15 August to 18 October 2018. The tender was initially announced at the end of May and concerns six projects of 10MW capacity and another 10 of 1MW, reports PV Magazine. It is the second round of calls for PV projects of this kind, termed a Regime Authorizations tender. Competing bidders are expected to offer the most attractively priced 20-year Power Purchase Agreement as the north African does not…

Inflation rate down in July in Tunisia

The inflation rate fell to 7.5 percent in July from 7.8 percent a month earlier, according to Tunisia National Institute of Statistics (INS) on Monday. The inflation rate rose from 6.9 % in January to 7.1 % in February, then reached 7.6 % in March, and 7.7 % in April and May. This drop is mainly due to the deceleration in the pace of price increases between June and July 2018 (+0.5%) and the same period in 2017 (0.9%) where tobacco prices recorded a sharp 13.1% rise before stabilising in…

Tunisia: Sale Season Fueled by Hopes of Stimulating Domestic Consumption

Economists in Tunisia have been closely following the economic dynamics of the local markets, especially with the beginning of the sale season early this month. They have also been wondering how these discounts would affect domestic consumption as one of the most important drivers of the economy in light of the economic slowdown witnessed by most economic activities. These summer discounts will continue for six weeks, during which products related to the garment, footwear and household electronics sector are displayed. Around 700 traders have been involved in this activity in…

Dubai’s Sokotra Capital Acquires Tunisian Fish Farm L’Aquaculture Tunisienne

Dubai investment firm Sokotra Capital has led a consortium of buyers to acquire the Tunisian fish farm operator L’Aquaculture Tunisienne for an undisclosed amount. Serving both the local and export market, L’Aquaculture Tunisienne is the largest seabass and seabream hatchery and nursery in North Africa, with a current annual production capacity of 20 million fingerlings and 1,500 tons of fish per year, the companies said in a statement. The firm was founded in 1988 by Si M’hamed Driss, and is based in Sousse.  Now backed by new owners, L’Aquaculture Tunisienne has…

Tunisia: phosphate production increases by 10 thousand tons Q2 2018

Phosphate production hasincreased by ten thousand tons in the second quarter of 2018, compared to the same period of 2017, said Hachem Hmidi, Secretary of State for the Minister of Energy, responsible for Mines. This production should reach 4.5 million tons by the end of 2018, he estimated, predicting that the domestic phosphate production will double with the launch of three new public projects. Among these projects is the one in Meknassi (Sidi Bouzid governorate) which will start in a few weeks, with an estimated initial production capacity of 500,000…

Alternative tourism in Tunisia, Off the beaten tourist track

Demand for the classic Tunisian beach package holiday has slumped as a result of unrest in the wake of the Arab Spring and direct attacks on foreign tourists in recent years. Nevertheless, a small but growing number of local entrepreneurs are pursuing alternatives to the all-inclusive cheap deal, offering experiences that bring visitors closer to the country and its people – and that are kinder to the environment. By Madeleine Löning. Tunisia. Most holidaymakers associate the small north African country with sun, sand, sea and massive, characterless hotels. But the…

THOMAS COOK: HEATWAVE HITS PROFITS AS UK HOLIDAYMAKERS STAY AT HOME

The heatwave has hit profits at Thomas Cook. In its third-quarter trading statement, the giant tour operator said that gross profits had slipped by 3 per cent for the three months from April to June. “We expect full-year profits to be at the lower end of market expectations, said the chief executive, Peter Fankhauser. Warm weather has delayed decisions to book. he said. “The heatwave has meant there are more holidays for tour operators to sell in the lates market.  “We still have about 20 per cent [of summer package holidays]…