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Country Report

Travel in

Travel and Tourism in Guinea

18 pages, May 2015

US$660

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Executive Summary

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The political situation remains tense, although stable

After the president’s decision to postpone the legislative elections in April 2012, the political situation once again became tense in the country. In the spring of 2013, there were protests across the country, with hundreds of injured persons. The September 2013 parliamentary elections ended the political transition. At the end of September, these elections resulted in victory for the president’s party. The opposition contested the results, although, at the same time, the government tried to reconcile the protesters and participated in the negotiating process with opposition leaders.

Mining is the key driver for Guinea’s economic growth

Being one of the world’s most important sources of bauxites, Guinea’s mining potential attracted business tourists from all over the world. Companies from Russia, East European countries, India and China, as well as the US, Australia and European countries, invested in the Guinean mining industry, which, if properly exploited in a stable political and healthier business climate, could drive economic diversification and improvements in transportation, boosting incoming tourism flows to the country.

Improved management of the country’s public debt allows more investment in development projects in transportation

Guinea’s government managed to clear the country’s external debt in September 2012, and thus freed the country´s resources for economic development. In particular, it increased investment in construction projects within the transportation and travel accommodation categories (to provide more business tourists with accommodation). The European Investment Fund supported projects in road construction in Guinea and financed the asphalting of streets and local roads in key cities.

Ebola outbreak takes its toll on Guinea´s tourism industry

Despite the positive performances seen in Guinea´s travel and tourism industry in recent years as the government had finally prioritised the development of this sector in its programme for 2013 with the objective to reach two million tourists by 2017, the Ebola outbreak has posed a major threat to its development, with travel restrictions dampening the economy of the region.

Once containment happens, it is likely that the positive news will be widespread, alleviating fears about the virus in Africa, particularly Liberia, Guinea and Sierra Leone. It is during this time that private and public players in Africa should work together to promote Africa as a destination to international tourists, who are much more likely to come once the threat of the virus, is contained.

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview:

Discover the latest market trends and uncover sources of future market growth for the Travel industry in Guinea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel industry in Guinea, our research will save you time and money while empowering you to make informed, profitable decisions.

When you purchase this report, you also get the data and the content from these category reports in Guinea for free:

Car Rental
Health and Wellness Tourism
Tourism Flows Domestic
Tourism Flows Inbound
Tourism Flows Outbound
Tourist Attractions
Transportation
Travel Accommodation
Travel Retail

The Travel in Guinea market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts (of market share, market trends, market growth)
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Travel in Guinea?
What are the major brands in Guinea?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel And Tourism market research database.

Each report is delivered with the following components:Report: PDF and Word Market statistics: Excel workbook

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