Foreign Currencies Touch Bottom / Exchange Rate, December 25, 2023
Today, December 25, 2023, the US dollar is bought at 93.3 ...

The growth of the tourism sector has directly transmitted the effect to the related industry.
The Institute of Statistics reported that in 2022 the added value in these industries increased by 40.3 percent compared to the previous year.
"The added value of tourism industries has increased by 40.3%, compared to 2021. The share of industries directly related to tourism in the Gross Domestic Product (GDP) for 2022 is 3.5%," the report states. .
Referring to the figures, it results that in total businesses in the industries directly related to tourism had a turnover of 73.8 billion ALL in 2022, while in 2021 this value was 52 billion ALL. The group of industries related to tourism includes three main ones, firstly accommodation , secondly food and beverage services and thirdly travel agency, tour operator and others.
In accommodation, the increase in 2022 is by 38.5 percent, where from 13.2 billion ALL, which was the value in 2021, the figure reached 18.3 billion ALL.
Food and beverage services registered in 2022, 43.6 billion ALL or about 41.3 percent increase compared to the previous year.

The third industry of travel agencies, tour operators and others has recorded a value of 11.8 billion ALL with a 38.8 percent increase compared to 2021.
Tourism has an even wider effect if we look at the impact on other related support industries such as car rental, marine industry, wineries. During the year 2022, but especially during the year 2023, the effect of tourism in these sectors has been obvious. Specifically, in the summer of 2023, it was almost impossible to find rental cars as the companies operating in this sector had a large increase in their fleet. Likewise, as an effect of demand, the price also increased.
The wineries, on the other hand, confirm that the consumption has been extraordinary, especially as an effect of tourism, and that it is precisely this industry that is promoting their growth, which without it would be much slower./ Monitor.al
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