Tourism at Monaco

The Tourist activity at Monaco Monte-carlo is essentially connected with private tourism or business tourism. This sector was responsible for 13% of the Monégasque economy (In 2001). The hotel industry of the Principality has 2,616 hotel rooms with a total of 3,920 beds, most of which are in the four star category. The average occupation rate in the region was 58.39% in 2005 or in other words over 800,000 overnight stays and rose to 75.5% in 2006, which worked out at around 915,650 overnight stays.
Furthermore, the cruise industry plays an important role for the tourist activity of Monaco. In 2005, over 190 ships called into port bringing a total of 133,000 passengers to the microstate.
For several years, the public authorities have been making considerable efforts in the area of catering for business touristsas for instance the construction of the Grimaldi Forum which is a approximately 592,015 square feet congress center where 454 congresses were hosted in 2005. At present time, tourists coming to Monaco on business or for converences and seminars represent 30 % in terms of hotel occupancy.

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