Latest news with #JD5.132
Jordan Times
19-02-2025
- Business
- Jordan Times
Tourism revenues exceed Economic Modernisation Vision's targets
According to the 2024 Annual Tourism Report, the number of international visitors to the Kingdom in 2024 has exceeded the target set in the Economic Modernisation Vision (EMV), reaching around 6.108 million, 13.8 per cent over the projected figure of 5.367 million visitors (JT file photo) AMMAN — The number of international visitors to the Kingdom in 2024 has exceeded the target set in the Economic Modernisation Vision (EMV) for the same year by 13.8 per cent, reaching approximately 6.108 million visitors. This surpasses the projected figure of 5.367 million visitors, the Jordan News Agency, Petra, reported. According to the 2024 Annual Tourism Report, cited by the Jordan News Agency, Petra, tourism revenues for 2024 also exceeded the targets set in the EMV by 2.9 per cent, amounting to JD5.132 billion, compared to the projected JD4.989 billion. The report highlighted that the Ministry of Tourism will prioritize several key areas in 2025 as part of its ongoing efforts to enhance the sector and improve resilience in the face of challenges, such as the COVID-19 pandemic and the aggression on Gaza. As outlined in the report, the Ministry of Tourism and Antiquities will work towards fulfilling its commitments under the EMV by monitoring the government's tourism priorities, each consisting of specific activities with set timelines. The Ministry will also track the progress of these activities on a monthly basis and submit reports to the Government Performance and Achievement Follow-up Unit at the Prime Ministry. The Ministry will also concentrate its efforts on ensuring that key performance indicators outlined in the EMV are met.
Jordan Times
15-02-2025
- Business
- Jordan Times
Tourism Ministry to compensate for cancelling low-cost flights to Jordan
The decision targets low-cost, charter and scheduled airlines, including Royal Jordanian Airlines, to expand their routes in existing and new tourist markets (Photo by Sophie Constantin) AMMAN — The Ministry of Tourism and Antiquities on Saturday announced plans to compensate for the cancellation and reduction of low-cost flights to Jordan by offering financial incentives to airlines. The decision targets low-cost, charter and scheduled airlines, including Royal Jordanian Airlines, to expand their routes in existing and new tourist markets. In its recently published annual report, the ministry attributed the decline in air travel between Jordan and key tourism markets to the Israeli war on Gaza in October 2023, which led to the cancellation or reduction of operational routes by low-cost airlines. According to the report, low-cost carriers operated 2,925 flights to Jordan in 2023, carrying 445,856 visitors. In contrast, only 1,308 flights were operated in 2024, carrying 182,254 visitors, marking a "sharp" decline of 263,602 visitors or 59 per cent compared to the previous year. The ministry reaffirmed its commitment to fulfilling its obligations under the Economic Modernisation Vision by advancing the government's tourism priorities. Minister of Tourism Lina Annab, during a recent meeting with the Lower House Tourism Committee, had revealed that tourism revenues and visitor numbers in 2024 were lower than the previous year. "Tourism numbers in 2023 were the highest in Jordan's history," Annab said. She noted that tourism revenues in 2024 decreased by 2.3 per cent compared to 2023, amounting to JD5.132 billion, while the number of visitors decreased by 3.9 per cent, reaching 6.108 million in 2024, showing a decline of 3.9 per cent, in comparison with 2023. In 2023, Jordan's tourism sector achieved "record success," attracting 6.353 million visitors and generating revenues of JD5.25 billion.
Jordan Times
30-01-2025
- Business
- Jordan Times
Expatriate remittances increase by 2.8% in 2024 — CBJ
Remittances from Jordanian expatriates are increased by 2.8 per cent in 2024, reaching a total of $3.6 billion, up from $3.5 billion in 2023 (Petra Photo) AMMAN — Remittances from Jordanian expatriates are increased by 2.8 per cent in 2024, reaching a total of $3.6 billion, up from $3.5 billion in 2023, preliminary data released by the Central Bank of Jordan showed on Thursday. The figures also showed that remittances in December alone increased by 1.3 per cent, reaching $330.2 million, the Jordan News Agency, Petra, reported. Remittances of Jordanians abroad are considered among the CBJ's most important sources of foreign currency, which also include tourism revenues, returns of national exports and foreign loans and grants. During a recent meeting with the Lower House Tourism Committee to discuss the ministry's 2024 achievements and the challenges facing the sector, Minister of Tourism and Antiquities Lina Annab revealed a decline in tourism revenue and visitor numbers in 2024 compared to 2023. During the meeting, Annab highlighted that 2023 was a "record-breaking" year for Jordanian tourism, adding that in 2024, tourism revenue fell by 2.3 per cent to JD5.132 billion compared to JD5.25 billion in 2023. Also, the number of visitors dropped by 3.9 per cent, reaching 6.108 million in 2024 compared to 6.353 million in 2023. The tourism sector faced significant setbacks in 2024 due to regional shocks, including the Israeli war on Gaza, whose ripple effects impacted Jordan's tourism industry. This downturn came after the sector experienced "peak success and performance" in 2023.
