NEWS: Peru Tourism Revenue Rises 20 Percent

January 19, 2006

Peru’s tourism revenue jumped by one- fifth to more than $1 billion this year as a record 1.2 million tourists visited the country.

The number of tourists rose by 26 percent from 830,000 last year, Industry & Tourism Minister Alfredo Ferrero told reporters at a news conference in Lima. Tourism rose after Air Canada and Spain’s Air Madrid and Air Plus Comet began running nonstop flights to Lima this year and Peru hosted the America’s Cup soccer tournament in July.

Dollars brought in by tourism, Peru’s second-biggest generator of revenue after mining, helped push Peru’s exchange rate to 3.2730 soles per dollar today, the strongest level for the sol since Jan. 21, 1999. The Peruvian currency has gained 6 percent against the dollar over the past 12 months.

Ferrero, 42, said Peru expects least 1.3 million visitors next year, after China, the Andean nation’s second-largest trading partner, added Peru to its list of official tourist destinations on Monday.