Bank Of Baku

Media: Tourism revenues may reach USD 1,2 billion in Azerbaijan

Media: Tourism revenues may reach USD 1,2 billion in Azerbaijan
# 31 January 2025 15:27 (UTC +04:00)

This year, the revenue of the tourism sector in Azerbaijan (excluding public catering) is expected to reach USD 1.03 billion, this was stated in a forecast by the "Statista" portal, "APA-Economics" reports.

According to calculations, the annual growth rate in the sector will make up 4.05% from 2025 to 2029. As a result, the sector's volume will reach USD 1.2 billion by 2029.

This year, the most important segment of the country's tourism sector will be the hotel industry, with a market volume of USD 546.1 million. 

By 2029, it is predicted that 74% of total revenue in Azerbaijan's tourism market will come from online sales.

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