Maltese Tourism Industry Registers High Growth in 2015

Tourism remains one of the most productive industries for the Maltese economy, according to the latest reports. In September, the number of tourists arriving in Malta has registered the highest growth throughout the whole year. The tourist expenditure also rose significantly compared to the same period of 2014 which proves that tourism has strengthened its positon among the dominating industries in Malta.

Both leisure and business tourism have thrived in 2015

The whole year was a good one for the Maltese tourism industry. However, September accounted for the largest number of tourists arriving in the country. Among these, approximately 170,000 came to the island for holidays, while approximately 12,000 came to do business in Malta. Compared to the same month of 2014, the number of tourists increased by 0.5%. Most of them came from EU countries.

The total income generated by the tourism industry in September alone was estimated at 195 million euros, a growth of over 5% compared to September 2014. In the first 9 months of the year, Malta accommodated nearly 1,5 million tourists which is once more a significant growth compared to the same period of the last year. The total expenditure during January and September 2015 was estimated at 1,318 million euros, 6.6% higher than the expenditure registered in the same period of 2014. The expenditure per capita also rose to almost 400 euros.

In you are interest in investment opportunities in the tourism industry, you may refer to our specialists in company registration in Malta.

Previsions for the Maltese tourism industry in 2016

As the competitiveness in the tourism industry increases, the Ministry for Tourism in Malta plans to address the development of human capital this sector relies so much on. The Ministry is preparing a 56 million euros investment scheme for the year to come. The amount will be invested in trainings for the employees working in the tourism sector.

Malta has started to accommodate tourists throughout the whole year, not only during the summer season or holidays, which is why it is very important to help companies by providing them with customized courses for their employees.

Our experts in Malta can provide you with information about governmental support for the tourism sector.