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Madagascar Tourism Industry Outlook 2024 - 2028

See how Madagascar Tourism performed compared to key markets.

Key Market Indicators

Madagascar's tourism sector is projected to see significant growth, with tourist arrivals expected to climb to around 876,000 by 2028. This marks a substantial increase from the estimated 603,000 arrivals in 2023, reflecting an average annual growth rate of 5.9%. The surge in tourism demand has been particularly notable since 2020, with an annual increase of approximately 10.9%. In terms of economic impact, tourism receipts in Madagascar are forecasted to reach roughly $407 million by 2028, up from $357 million in 2023. This represents an average yearly growth rate of 2.1%. Looking back to the year 2000, the Malagasy tourism market has consistently expanded, averaging a 2.9% annual growth rate.

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Madagascar Tourism Market Data and Forecasts

How much will Madagascar Tourism Market grow to 2028?

Forecast: International Tourism Receipts in Madagascar
Forecast: International Tourism Expenditures in Madagascar
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