Tourism revenues in Azerbaijan could reach $1.2 billion.
This year, revenues from the tourism sector (excluding public catering) in Azerbaijan are expected to reach 1.03 billion US dollars.
This was reported in the forecast of the "Statista" portal.
According to calculations, the annual growth rate in the sector in 2025-2029 will be 4.05%. As a result, the volume of the sector will reach 1.2 billion US dollars in 2029.
The most important segment of the country's tourism sector this year will be the hotel industry, with a market size of 546.1 million US dollars.
It is predicted that by 2029, 74% of total revenues in Azerbaijan's tourism market will be generated from online sales.