Luxembourg sets aside €60m for tourism development

The Luxembourg government has assigned a €60 million budget to develop the country’s tourism sector over the next five years.

The budget, allocated for the period between 2018 and 2022, aims to sustain improvements within the sector and help develop tourism infrastructure.

Luxembourg’s tourism industry accounts for 6.5% of the country’s GDP and provides 20,000 jobs.

The €60-million figure, provided by the economy minister, represents a 30% increase compared with the amount allocated over the previous five-year period.

According to the Economy Ministry, almost 3 million tourists stayed in the Grand-Duchy in 2016.

State Secretary for the Economy, Francine Closener, said the tourism sector had been “growing steadily” since 2013.

“While focusing on sustainable development, we develop a quality and diversified tourism that safeguards the natural and architectural heritage and promotes regional development, while adapting to the tourists’ expectations, who vary constantly,” she said.

The strategic framework until 2022 focuses on setting up and promoting tourism infrastructure, strengthening the economic weight of the sector and providing a legal framework for its development.