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Tourism in Principality of Monaco

Development of the tourism sector in monaco from 1995 to 2021.

International tourism, number of arrivals - Monaco

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Tourism in Monaco

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Tourism in Monaco is big business. But why is this industry so important and what does it all mean? Read on to find out…

Geography of Monaco

The tourism industry in monaco, tourism in monaco: statistics, tourist attractions in monaco, types of tourism in monaco, impacts of tourism in monaco, tourism in monaco- faqs, to conclude: tourism in monaco.

Monaco, a sovereign city-state on the French Riviera, is often synonymous with luxury, glamour, and a storied history. Though compact in size, its presence in the global tourism industry is undeniably expansive, known for its world-famous casinos, Grand Prix, and the allure of the Mediterranean. In this article, I’ll provide insight into Monaco’s tourism sector, highlighting its elite events, cultural landmarks, and the underpinnings that have shaped its illustrious reputation. Join me as we navigate the opulence and intricacies of Monaco’s tourism tapestry.

Monaco is a small independent city-state located on the French Riviera in Western Europe. Here’s a brief overview of its geography :

Monaco is one of the smallest countries in the world, covering an area of just 2.02 square kilometers (0.78 square miles). It is bordered by France on three sides, with the Mediterranean Sea forming its southern boundary.

Monaco is predominantly hilly, characterized by steep slopes and rocky cliffs. The highest point in the country is the Mont Agel, reaching an elevation of 140 meters (459 feet) above sea level. Due to limited space, Monaco has expanded its territory through land reclamation projects into the Mediterranean Sea.

The country is divided into four traditional districts: Monaco-Ville, La Condamine, Monte Carlo, and Fontvieille. Monaco-Ville, also known as “The Rock,” is the historic old town situated on a rocky promontory. La Condamine is the harbor area, while Monte Carlo is famous for its luxury and glamorous casinos. Fontvieille is a reclaimed area that offers modern residential and business facilities.

Monaco has a scenic coastline stretching for 4.1 kilometers (2.5 miles) along the Mediterranean Sea. The coastline features several picturesque harbors and beaches, including the prominent Port Hercules, which serves as a major port and a popular docking area for luxury yachts.

Monaco enjoys a Mediterranean climate, characterized by mild, rainy winters and warm, sunny summers. The region experiences approximately 300 days of sunshine each year, with average temperatures ranging from 8°C (46°F) in winter to 26°C (79°F) in summer.

Despite its small size, Monaco boasts several green spaces and gardens. The most famous is the Princess Grace Rose Garden, featuring a stunning collection of over 4,000 rose bushes. Other notable gardens include the Exotic Garden with its diverse collection of succulent plants and the Japanese Garden offering a serene atmosphere.

Overall, Monaco’s geography showcases a harmonious blend of natural beauty and urban development, attracting visitors from around the world with its stunning coastal views, luxurious lifestyle, and distinctive Mediterranean charm.

Monaco, renowned for its glamorous allure and breathtaking vistas, has long captivated the attention of tourists seeking a taste of extravagance and refined leisure. Nestled on the picturesque French Riviera, this tiny principality has garnered international fame as a playground for the rich and famous. This paper delves into the tourism industry in Monaco, examining its historical evolution, iconic attractions, and economic implications.

Monaco’s history is intertwined with its ascent as a premier tourist destination. Once a sleepy fishing village, it transformed into a thriving resort town in the late 19th century. Under the vision and leadership of Prince Charles III, Monaco experienced significant urban development, including the creation of iconic landmarks like the Monte Carlo Casino and luxurious hotels. This transformation marked the inception of Monaco’s identity as a luxury tourism hotspot, attracting the elite and aristocracy from across the globe.

Monaco boasts an array of iconic attractions that contribute to its allure as a tourist destination. The Monte Carlo Casino, synonymous with opulence and indulgence, stands as a testament to the city-state’s grandeur. The Formula One Monaco Grand Prix, an exhilarating motor racing event that takes place through the narrow streets of Monte Carlo, is another internationally recognized spectacle drawing visitors from far and wide. Additionally, the Prince’s Palace, Oceanographic Museum, and the Larvotto Beach provide diverse experiences that cater to the interests of discerning travelers.

The tourism industry plays a pivotal role in Monaco’s economic landscape. With limited land resources, Monaco has strategically positioned itself as a global hub for luxury tourism. The revenue generated from tourism activities constitutes a significant portion of the principality’s gross domestic product (GDP). Visitors flock to Monaco to experience its opulent lifestyle, high-end shopping, and exclusive entertainment, resulting in a substantial influx of wealth into the local economy. Moreover, the sector has stimulated job creation, fostering employment opportunities across various segments such as hospitality, entertainment, and retail.

Recognizing the importance of environmental preservation and responsible tourism practices, Monaco has implemented sustainable initiatives to maintain its natural and cultural heritage. The principality has undertaken efforts to minimize its ecological footprint, including the promotion of renewable energy sources, waste management programs, and the preservation of marine ecosystems. Such measures not only enhance the visitor experience but also ensure the long-term sustainability of the tourism industry.

While Monaco’s tourism industry thrives on its reputation for exclusivity and luxury, it faces challenges in maintaining its appeal amidst evolving global travel trends. Adapting to changing consumer preferences, technological advancements, and growing competition from other luxury destinations necessitates ongoing innovation and strategic planning. However, with its unmatched charm and timeless allure, Monaco is well-positioned to continue attracting high-net-worth individuals and discerning travelers seeking unique and unparalleled experiences.

Monaco’s tourism industry serves as a testament to the principality’s exceptional ability to combine natural beauty, historical heritage, and opulence to create an extraordinary destination.

Now lets put things into perspective. Here are some statistics about tourism in Monaco:

Visitor Arrivals: Monaco attracts a substantial number of visitors each year, with an estimated total of over 320,000 arrivals in 2022, reflecting the principality’s popularity as a luxury tourist destination.

Tourism Contribution to GDP: The tourism industry makes a significant contribution to Monaco’s economy, accounting for approximately 15% to 20% of its Gross Domestic Product (GDP).

Hotel Occupancy Rates: Monaco maintains high hotel occupancy rates, with an average occupancy rate of around 70% to 80% throughout the year. This indicates the consistent demand for accommodation and the desirability of Monaco as a tourist destination.

Average Length of Stay: Visitors to Monaco tend to stay for relatively short periods due to its compact size and focus on luxury experiences. The average length of stay for tourists is approximately 1.5 to 2 days, reflecting the principality’s appeal as a glamorous getaway.

Visitor Expenditure: Tourists in Monaco typically spend generously, contributing to the local economy. The average daily expenditure per visitor is estimated to be around €450 to €550, encompassing expenditures on accommodation, dining, entertainment, and high-end shopping.

Nationalities of Visitors: Monaco attracts a diverse range of international visitors. The top nationalities of tourists visiting Monaco include French, Italian, British, American, German, Russian, Chinese, Swiss, Belgian, and Japanese, among others.

Cruise Tourism: Monaco is a popular destination for cruise ships sailing in the Mediterranean. The Port of Monaco welcomes numerous cruise liners, and cruise tourism contributes significantly to the overall tourism sector, bringing in a large number of day visitors.

Employment Opportunities: The tourism industry in Monaco provides employment opportunities across various sectors, including hotels, restaurants, entertainment venues, retail, and transportation. It serves as a significant source of jobs for the local population.

Luxury Accommodation: Monaco offers a range of luxury accommodation options to cater to the discerning tastes of its visitors. The principality is home to several prestigious hotels, including renowned establishments such as Hotel de Paris, Hotel Hermitage, and Fairmont Monte Carlo.

Events and Conferences: Monaco hosts numerous high-profile events, conferences, and exhibitions throughout the year, attracting business and leisure travelers alike. Notable events include the Formula One Monaco Grand Prix, the Monte Carlo International Fireworks Festival, the Monaco Yacht Show, and the Monte Carlo Television Festival.

Now lets take a look at the major tourist attractions in Monaco:

The Monte Carlo Casino:

The Monte Carlo Casino is an undisputed icon and a symbol of Monaco’s luxury and indulgence. This architectural masterpiece, designed by Charles Garnier, captivates tourists with its opulent interiors, ornate decorations, and world-class gambling facilities. Beyond its allure as a casino, the building serves as a magnet for cultural events and elite soirées, contributing to its international prestige.

Prince’s Palace of Monaco:

Perched atop the “Rock of Monaco,” the Prince’s Palace is a historical gem that showcases the principality’s rich heritage. This magnificent fortress, dating back to the 13th century, serves as the official residence of the ruling Grimaldi family. Tourists are drawn to its regal façade, exquisite State Apartments, and the mesmerizing Changing of the Guard ceremony, which exemplifies the principality’s deep-rooted traditions.

Oceanographic Museum and Aquarium:

The Oceanographic Museum, founded by Prince Albert I, is a treasure trove of marine life and scientific exploration. Its striking cliffside location, coupled with an impressive collection of marine specimens, attracts visitors seeking both educational and immersive experiences. The museum offers a glimpse into the wonders of the deep sea, featuring interactive exhibits, stunning aquariums, and educational programs that promote marine conservation.

Larvotto Beach:

Larvotto Beach serves as Monaco’s premier seaside retreat, enticing tourists with its pristine sands and azure waters. Nestled in a scenic bay, the beach offers a haven for relaxation and recreation. Visitors indulge in sunbathing, water sports, and luxurious amenities provided by beachfront establishments, adding to the allure of Monaco’s coastal allure.

Monaco Grand Prix:

The Formula One Monaco Grand Prix is an internationally acclaimed sporting event that takes place on the streets of Monte Carlo. Held annually since 1929, this high-speed spectacle attracts motorsport enthusiasts from around the globe. The combination of challenging street circuits, panoramic views, and the glamorous backdrop of Monaco creates an unparalleled racing experience that epitomizes the principality’s fusion of luxury and excitement.

Exotic Gardens:

Monaco’s Exotic Gardens offer a botanical paradise perched on a cliffside overlooking the Mediterranean Sea. This meticulously curated garden showcases an array of rare succulents, cacti, and other exotic plant species. Visitors can explore winding paths, revel in panoramic vistas, and discover the dramatic stalactite-filled limestone cave known as the Observatory Cave, adding an element of wonder to their visit.

Saint Nicholas Cathedral:

Saint Nicholas Cathedral, a magnificent architectural masterpiece, stands as a testament to Monaco’s spiritual heritage.

Tourist Attraction Description

Monte Carlo Casino A renowned casino known for its opulent interiors and international allure.

Prince’s Palace Historic fortress serving as the official residence of Monaco’s ruling family.

Oceanographic Museum Fascinating museum showcasing marine life, conservation efforts, and educational exhibits.

Larvotto Beach Pristine beach offering relaxation, water sports, and luxurious beachfront amenities.

Monaco Grand Prix World-famous Formula One race held on the streets of Monte Carlo, attracting motorsport enthusiasts.

Exotic Gardens Botanical paradise featuring rare plants, stunning views, and a captivating limestone cave.

Saint Nicholas Cathedral Grand cathedral reflecting Monaco’s spiritual heritage and architectural splendor.

Monaco-Ville The old town of Monaco, characterized by narrow streets, historic buildings, and charming ambiance.

Port Hercules A picturesque harbor lined with yachts, offering a vibrant atmosphere and waterfront dining options.

Casino Square Vibrant square surrounded by luxury shops, cafes, and high-end hotels, located in Monte Carlo.

This table provides a snapshot of the diverse range of attractions Monaco has to offer, catering to various interests and preferences of tourists seeking cultural experiences, natural beauty, excitement, and luxury.

Monaco, renowned for its opulence, cultural heritage, and sporting events, offers a wide range of tourism experiences that cater to the preferences and interests of visitors. Lets take a look at the most popular types of tourism in Monaco, exploring the distinct segments that attract tourists from around the world.

Luxury Tourism:

Monaco’s reputation as a haven for luxury tourism is unrivaled. Discerning travelers are drawn to the principality’s glamorous lifestyle, high-end shopping, and exclusive entertainment. The iconic Monte Carlo Casino stands as an epitome of luxury, offering opulent gaming experiences and lavish soirées. Similarly, the renowned Hotel de Paris and Hotel Hermitage exemplify the pinnacle of luxury accommodation, providing exquisite services and world-class amenities.

Cultural Tourism:

Monaco’s rich cultural heritage is a significant draw for tourists seeking enriching experiences. The Prince’s Palace of Monaco, with its grand architecture and historical significance, offers visitors a glimpse into the principality’s regal past. The Oceanographic Museum and Aquarium, founded by Prince Albert I, combine scientific exploration with captivating marine displays, providing an educational and immersive cultural experience. Additionally, Monaco-Ville, the old town of Monaco, offers a charming ambiance with narrow streets, historic buildings, and picturesque views.

Sports Tourism:

Monaco’s association with world-class sporting events has established it as a coveted destination for sports enthusiasts. The Formula One Monaco Grand Prix, held on the challenging street circuits of Monte Carlo, enthralls racing aficionados with its high-speed thrills and scenic backdrop. The Monte Carlo Tennis Masters, an esteemed tennis tournament held at the Monte Carlo Country Club, attracts top-ranked players and passionate fans. These events showcase Monaco’s ability to blend sporting excellence with its captivating landscape.

Event-Based Tourism:

Monaco’s calendar is replete with prestigious events that attract tourists from far and wide. The Monte Carlo International Fireworks Festival, a spectacular pyrotechnic extravaganza, illuminates the night sky and captivates audiences with its breathtaking displays. The Monte Carlo Jazz Festival and the Monte Carlo Television Festival celebrate the arts, drawing renowned musicians and acclaimed television personalities. These events highlight Monaco’s commitment to cultural enrichment and provide unique experiences for visitors.

Wellness and Spa Tourism:

Monaco’s luxurious spas and wellness centers offer visitors a retreat for relaxation and rejuvenation. Exclusive establishments such as Thermes Marins Monte-Carlo provide a range of wellness services, including rejuvenating treatments, fitness facilities, and panoramic views of the Mediterranean Sea. Wellness-focused tourists can indulge in world-class pampering and escape the stresses of daily life in a serene and luxurious environment.

Yachting and Maritime Tourism in Monaco:

Monaco’s picturesque Port Hercules serves as a hub for yachting and maritime enthusiasts. The Monaco Yacht Show, one of the most prestigious yacht exhibitions globally, showcases an impressive display of superyachts, attracting industry professionals and yacht aficionados. Tourists can explore the marina, embark on yacht charters, and enjoy waterfront dining options, immersing themselves in the glamorous world of yacht.

Tourism in Monaco plays a pivotal role in Monaco’s economy and cultural landscape. This section examines the impacts of tourism in Monaco through a multidimensional lens, exploring the social, environmental, and economic consequences that arise from the influx of visitors.

Positive Social Impacts of Tourism in Monaco:

Cultural Exchange: Tourism fosters cultural exchange, enabling locals to interact with visitors from diverse backgrounds, promoting tolerance, understanding, and appreciation of different cultures.

Community Pride: Tourism showcases Monaco’s unique heritage and attractions, fostering local pride and a sense of identity among residents.

Preservation of Traditions: Tourism in Monaco contributes to the preservation of traditional practices and customs as locals share their cultural heritage with visitors.

Negative Social Impacts of Tourism in Monaco:

Crowding and Congestion: High tourist volumes may lead to overcrowding and congestion in popular areas, causing inconvenience and discomfort for both residents and tourists.

Disruption of Local Life: The influx of tourists may disrupt the daily routines and lifestyles of residents, impacting their quality of life and sense of community.

Social Inequality: The luxury tourism sector can accentuate socio-economic disparities, potentially leading to social tensions between the affluent tourist segment and local residents.

Positive Environmental Impacts of Tourism in Monaco:

Conservation Efforts: The revenue generated from tourism in Monaco often supports environmental conservation initiatives, such as the preservation of natural landscapes, biodiversity protection, and marine conservation projects.

Sustainable Practices: Tourism in Monaco encourages the adoption of sustainable practices in areas such as waste management, energy conservation, and transportation, leading to reduced environmental footprint.

Negative Environmental Impacts of Tourism in Monaco:

Overuse of Resources: The high demand for water, energy, and other resources by tourists can strain local infrastructure and exacerbate resource depletion.

Ecological Footprint: Increased tourism activity may lead to environmental degradation, such as pollution, habitat disturbance, and carbon emissions, impacting local ecosystems and biodiversity.

Positive Economic Impacts of Tourism in Monaco:

Job Creation: Tourism in Monaco generates employment opportunities across various sectors, including hospitality, retail, transportation, and entertainment, contributing to the local economy and reducing unemployment rates.

Economic Growth: Tourism in Monaco drives economic growth through visitor expenditures, including accommodation, dining, shopping, and entertainment, stimulating business activities and increasing tax revenue for public services.

Diversification of Economy: Monaco’s tourism sector diversifies the economy, reducing dependency on specific industries and promoting resilience against economic fluctuations.

Negative Economic Impacts Of Tourism in Monaco:

Seasonality and Dependency: The tourism industry’s seasonality can create economic challenges during off-peak periods, leading to job insecurity and income fluctuations for those reliant on the sector.

Leakage: The outflow of tourism revenue to international corporations and foreign-owned businesses can limit the retention of income within the local economy.

Cost of Living: Increased tourism in Monaco can drive up the cost of living for residents, including housing prices and essential goods, potentially posing affordability challenges.

The impacts of tourism in Monaco are complex, encompassing social, environmental, and economic dimensions. While tourism brings numerous positive outcomes, including cultural exchange, economic growth, and conservation efforts, it also presents challenges such as overcrowding, resource consumption, and socio-economic disparities. Sustainable tourism management strategies that address these issues can help maximize the positive impacts while mitigating

Now that we know a bit more about tourism in Monaco, lets answer some of the most common questions on this topic:

Q: What makes Monaco an attractive tourist destination?

A: Monaco’s allure stems from its luxurious lifestyle, world-class events, cultural heritage, stunning landscapes, and a wide range of tourist attractions, including the iconic Monte Carlo Casino, Prince’s Palace, and picturesque Port Hercules.

Q: What is the best time to visit Monaco?

A: The best time to visit Monaco is during the spring (April to June) and autumn (September to October) seasons when the weather is pleasant, and the tourist crowds are relatively smaller compared to the peak summer months.

Q: How can I experience the glamour of Monaco on a budget?

A: While Monaco is known for its luxury, it is possible to experience its glamour on a budget. Opt for free or low-cost attractions like exploring Monaco-Ville, enjoying the public parks and gardens, and taking in the panoramic views from various vantage points.

Q: What are the transportation options available in Monaco?

A: Monaco offers a well-connected transportation system, including buses, taxis, and a train station. Walking is also a popular choice due to the compact size of the principality.

Q: Is it necessary to dress formally while visiting Monaco?

A: While there is no strict dress code for most tourist attractions in Monaco, it is advisable to dress smartly, especially when visiting upscale establishments such as the Monte Carlo Casino and high-end restaurants.

Q: Can I visit Monaco as a day trip from neighboring destinations?

A: Yes, many visitors opt for day trips to Monaco from nearby cities like Nice or Cannes. The principality’s small size allows for a fulfilling day of exploring its attractions, but consider planning your itinerary carefully to make the most of your visit.

Q: Are there any cultural events or festivals to look out for in Monaco?

A: Monaco hosts several cultural events and festivals throughout the year, such as the Monte Carlo Jazz Festival, Monte Carlo Television Festival, and the International Circus Festival, offering a diverse range of artistic and entertainment experiences.

Q: Can I access the beaches in Monaco?

A: Monaco has a few beaches, including Larvotto Beach, which is open to the public. Visitors can enjoy the sandy shores and crystal-clear waters, along with beachfront amenities and water sports activities.

Q: Are there any family-friendly attractions in Monaco?

A: Monaco offers several family-friendly attractions, such as the Oceanographic Museum and Aquarium, where children can discover marine life, and the Exotic Gardens, which provide a unique educational experience.

Q: What are some popular day trips or excursions from Monaco?

A: Visitors to Monaco often take day trips to neighboring destinations like Eze, a charming hilltop village, or the picturesque village of Saint-Paul-de-Vence, known for its art galleries and medieval architecture.

Monaco, often celebrated as the crown jewel of the Mediterranean, relies significantly on its tourism sector. From its world-famous casinos to the Grand Prix, the allure of this city-state is undeniable. Yet, as it continues to draw high-end tourists and global events, the principality must balance luxury with sustainability. Striking this balance will determine not only the future prosperity of Monaco but also how it remains a beacon for luxury tourism while preserving its unique charm and natural beauty.

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Tourism sector reports good 2021 recovery

The latest report from Monaco’s tourism and congress industry shows that there was some strong recovery in 2021, but figures are still far behind 2019 levels. Meanwhile, focus is now shifting to rebuilding the Principality’s business tourism sector.

The Tourism and Congress Department presented the 2021 results and 2022 strategy in front of an audience of professionals and tourism operators in Monaco this week. Symbolically, the meeting took place at the Oceanographic Museum, the most visited site in Monaco but also a leading example of responsible tourism.

According to Guy Antognelli, Director of Tourism and Conventions (DTC), figures show that tourism in 2021 was better than 2020 thanks to the increased presence of visitors from France, Italy, Germany, and Switzerland, as well as from the Middle-East.

Despite the low number of British, Russian and American customers, who were prevented from traveling due to health constraints, the Principality’s hotels recorded an occupancy rate of 39% compared to 27% in 2020, still far from the 64% of 2019.

Meanwhile, the average price per room rose to €402, an increase of 25% compared to 2020.

For the year 2022, DTC Deputy Director Sandrine Camia presented a support strategy for those in Monaco’s tourism industry who have managed to “redouble their efforts and adapt to the periods of crisis”. Camia explained that the strategy is based on a new marketing ecosystem, the Destination Marketing and Management Organisation (DMMO), which “structures the tourist offer in the Principality, reinforces the notoriety of the destination, and develops the consideration of visitors”.

Despite a significant reduction in global air travel, 17 weekly direct flights are now available between Nice and New York, so the DTC is undertaking another major promotional operation with the United States to “seduce and bet on the American clientele”.

The DTC showcased the promotional campaign for the US under the ‘For You’ banner, #REEVENT, this time targeting the business tourism sector whose level of activity, despite the return of events in the Principality, significantly lags behind previous years.

A new platform was presented as part of the Visit Monaco website. ‘Monaco Travel Trade’ is dedicated to commercial partners and presents the latest initiatives in Monaco, resources, events and personalised tools to promote the Principality: https://traveltrade.visitmonaco.com/.

Special mention was also given to Monaco’s responsible tourism initiatives, an area in which the Principality aims to excel.

Photo by Michael Alesi, Government Communication Department

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Facts and Figures about Monaco

Last Updated:  17 September 2022

The Principality of Monaco looks like nothing else on the French Riviera . With its cluster of towers, the massive Rocher on which stretches the old town and the iconic casino of Monte-Carlo, Monaco is also one of the wealthiest states in the world. Unsurprisingly, the micro-state has many exciting features and anecdotes to tell. Whether it’s about geography, demographics, economics, politics or culture, check out a compilation of Facts and Figures about Monaco !

Watch our short video on Monaco: Facts & Figures!

Plan your trip to the Principality of Monaco

• 🏨 Find the best accommodations in Monaco on Booking.com
• 🙋‍♀️ Get the PASS CÔTE D’AZUR and take your pick from more than 100 unique experiences on the French Riviera!
• 🏛 Visit the Oceanographic Museum on the Rock of Monaco
• 🎯 Take a guided hidden gem tour of Monaco
• 🏎 Enjoy an exhilarating Lamborghini Driving Experience from Monaco
• 🛥 Ride the Ferry from Nice to Monaco and back with this round-trip ferry transfer
• 🥗 Experience the culture and food of Old Nice on a 4-hour sightseeing and tasting tour
• 📚 Read the DK Eyewitness Provence and the Côte d’Azur Travel Guide
• 🤩 Get familiar with the French Riviera
• 🗺 Download the free City Map of Monaco

Facts and figures about Monaco

This compilation of facts and figures about Monaco was updated in mid-2022.

• The area of the principality (2.02 km2, 0.81 sq mi) is smaller than New York’s Central Park (3.41 km2).
• The Principality is the world’s second smallest state after the Vatican .
• The land border with France is 5.47 km long (3.40 mi), and the coastline is 3.8 km (2.3 mi).
• The width of the territory varies between 1,700 and 349 m.
• The Italian border is 16 km, and Nice is 13 km from its centre.
• The highest point of the Principality is a narrow pathway called Chemin des Révoires on the slopes of Mont Agel, reaching  161 m above sea level. The Place du Palais is situated 62 m above sea level.
• Through land reclamation, the Principality’s area has expanded by 20%  or 40 hectares.
• The climate of Monaco is generally made up of warm, dry summers and mild, rainy winters. Frosts and snowfalls are extremely rare.
• Sunshine averages 2,583 hours annually, and the number of rainy days does not exceed 62 per year.
• The Principality has four historic districts and ten administrative districts (from 1966). In 2025, the inauguration of a new eleventh district : Le Portier.

Demographics

• A national of Monaco is called a Monegasque . Another name for a resident of Monaco who does not have citizenship is sometimes found on the internet: a Monacoian .
• As of 31 December 2021, Monaco had 39,150 inhabitants . The population was only 1,200 in 1867 and 22,300 in 1961. By comparison, the number of people in Liechtenstein is 38,100, and that of San Marino is 34,000.
• 22% of the population live in the Monte Carlo district and only 3% on the Rock (old town).
• Monaco provides 50,000 job positions for only 39,150 inhabitants, which means that there are at least 37,000 to 80,000 people living or working in the Principality daily.
• The citizens of Monaco are a minority in their own country (21.4% of the population). As of 31 December 2021, the Monégasque population was 9,611 people .
• The largest groups are French nationals at 23.7%, followed by Monégasque (21.4%), Italian (20.8%), British (7.1%),  Swiss (3%), Belgian (2.7%), German (2.3%),  and US nationals (0.9%).
• Monaco is the most densely populated country in the world.
• Life expectancy is the world’s highest at 86.7 years .
• The official language is French, but Italian, English and Monégasque are also spoken.
• Monaco’s name derives from Greek. It was referred to by the Ligurians as Monoikos (‘single house’ in Greek)
• Throughout Ancient Times, the port of Monaco was associated with the Greek demi-god Hercules .
• The Romans also called the port Portus Herculis Monœci .
• Curiously, the French Revolution momentarily used the name Fort Hercule to designate Monaco.
• Monaco has been in the hands of the Grimaldis since 1297. Recognition of the Grimaldis’ authority occurred in 1314.
• The oldest part of the Principality is the Rocher , the rocky promontory on which has been built the Prince’s Palace .
• During the French Revolution and the First Empire (1793-1814), Monaco was annexed by France.
• In 1848, Menton and Roquebrune  seceded from Monaco after protesting against a tax imposed on lemon exports . The two cities joined the Kingdom of Piedmont-Sardinia .
• On 19 April 1956, Prince Rainier III married the American actress Grace Kelly .
• Prince Rainier III (1923-2005) and Princess Grace (1956-1982) are buried in the cathedral of Monaco .
• In 2005, Rainier’s son, Albert II (born 1958), became the new Prince of Monaco.

Politics and Diplomacy

• The official name in French of the micro-state is “ Principauté de Monaco “.
• Monaco is a constitutional monarchy with Prince Albert II as head of state.
• Although Monaco has a small military force, it has no navy or air force. The military defence of the Principality is the responsibility of France.
• Until 2002 Monaco would have become French were the royal line to die out.
• The official religion of the Principality is Roman Catholicism, although freedom of other religions is guaranteed by the constitution.
• Monaco became a full member of the United Nations in 1993 and of the Council of Europe in 2004 .
• The Principality is not a member of the European Union .
• Since 1968, the Principality has been part of the EU customs territory due to its customs union with France.
• Monaco is a de facto member of the Schengen area (its borders and customs territory are considered part of France) 
• The flag has two equal horizontal bands of red and white, which are the heraldic colours of the House of Grimaldi . Except for its proportions, the flag is identical to that of Indonesia and similar to Singapore and Poland.
• Monaco’s motto is “ Deo Juvante ” (With God’s help).
• Monaco’s national anthem is “ Hymne monégasque ” (lyrics by Louis Notari, music by Charles Albrecht): Forever, in our land / One flag has flown in the wind / Forever, the colours red and white / Have symbolised our liberty / Great and small [people] have always respected them.
• The Principality’s National Day (Fête du Prince) takes place on 19 November .
• The Monegasque GDP for the year 2020 amounts to 5.97 billion euros against 6.60 billion in 2019.
• The unemployment rate is not reported but is estimated to be 4.5% of the labour force in 2021.
• The Principality has the world’s lowest poverty rate and the world’s highest number of millionaires and billionaires per capita.
• Monaco’s primary sources of income include tourism, banking, cosmetics and biothermics.
• The state keeps monopolies in many sectors: tobacco, postal service, and telephone network.
• The Société des Bains de Mer manages the Monte-Carlo Casino, the Monte-Carlo Opera and the Hôtel de Paris. The company is Monaco’s biggest employer.
• The Principality levies no income tax on individuals.
• Monaco uses the euro as currency and has the right to mint euro coins with its design on the national side.
• The SNCF (the French national rail system) serves Monaco’s underground train station.
• Until 2020, the Riviera Express train linked Monaco to Moscow to Nice. The train took 52 hours to complete the 3,318 km-long trip across Russia, Belarus, Poland, Czech Republic, Austria, Italy and France.
• There are 12 hotels in Monaco, including 4 ‘five stars’ and 4 ‘four stars’, totalising 2,484 bedrooms.
• More than 7 million people visit Monaco, mainly on a one-day excursion. In 2019, approximately 365,000 tourists spent at least a night in Monaco.
• The Oceanographic Museum welcomes more than 600,000 visitors each year.

Culture and other facts

• Monaco’s tallest building is the Odeon Tower (Tour Odéon). 170 m high, the skyscraper was completed in mid-2014.
• Seven public inclined lifts provide public transport.
• Monaco has two marinas: the largest is Port Hercule, and the newest is Fontvieille .
• ID is checked as the citizens of Monaco are forbidden to enter the Monte Carlo Casino’s gaming rooms.
• James Bond , a fictional British spy, is often associated with the Casino de Monte-Carlo.
• The Monaco Grand Prix has been held each year in the streets of Monaco since 1929.
• The Internet country code domain is .mc
• The licence plate country code usually displayed on a small white oval sticker is MC .

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Practical Facts and Figures about Monaco

What to do in monaco.

Want to know what you can do in and around Monaco? Click on the image below for a list of activities:

From Private Guided Walking Tour to Lamborghini Driving Experience and French Riviera Cruises, the Principality dazzles with glamorous activities you won’t forget. Here’s a little list of what’s on offer!

Where to stay in Monaco?

Did you know? There are 12 hotels in the Principality, four ***** and four ****. Unsurprisingly, accommodation in the Principality is very expensive. Unless you absolutely want to stay within the Principality, there is a cheaper alternative. For this, you should look at the Beausoleil district in France, a few minutes walk from the Monaco train station. Prices are much more affordable than in Monaco.

Click here to choose your accommodation in Monaco and its surroundings, or browse the map below:

How to get to the Principality of Monaco

Arriving by car.

Monaco is accessible from Nice via the scenic coastal Corniche roads :

• the Corniche Inférieure road follows the coast via Beaulieu,
• the Moyenne Corniche passes through Èze,
• and the Grande Corniche crosses La Turbie.

The Principality is bordered by the French A8 motorway linking Provence to Italy. Paris is 950 km away via the A6, A7 and A8 motorways.

Thanks to the A8 motorway, you can reach the centre of Monaco in less than 30 minutes from Nice and its airport.

• Exit 56 “Monaco” in the direction of France -> Italy
• Exit 58 “Roquebrune Cap Martin” in the direction of Italy -> France

However, please note that access to Monaco-Ville ( Le Rocher ) is limited to users whose vehicle is registered in Monaco and the French département of Alpes Maritimes [06].

How to park in Monaco

Other vehicles should park in the Parking des Pêcheurs , which has pedestrian access to the Rock in a few minutes.

It is advisable to leave your vehicle in one of the many public car parks. The Principality has no less than 40 car parks with 15,500 spaces.

All the car parks are underground, guarded and secure. They are therefore the best solution for parking your vehicle. All public “Monaco Parking” offers free parking for 1 hour. For more information, visit the official website of the Monaco Carparks .

Nearest Airport

Nice-Côte d’Azur International Airport links the Principality of Monaco to more than 86 destinations worldwide.

Through Nice Airport (25 minutes away by motorway), Monaco is linked daily to the main European capitals and, beyond, to all continents.

The airline Air France offers 73 flights a day to Nice Airport, directly from 15 cities in France and seven cities worldwide.

Moreover, the airport is 7 km away by helicopter to the Monaco heliport situated in the Fontvieille district.

Monaco Train Station

Monaco is located on the Marseille-Ventimiglia railway line. The underground SNCF station at Monaco-Monte-Carlo, offers daily TGV services to Paris, and up to ten other cities, via the nearby Nice-Ville station.

TER trains link Monaco to Menton and Ventimiglia to the north-east, Nice, Antibes, Cannes, Grasse and Saint-Raphaël to the south-west.

In addition, there are several daily connections to Turin, Milan and Rome via Ventimiglia.

Six entrances allow users to access the underground railway station via a series of escalators or lifts:

Sainte Dévote Bridge, Parvis de la Gare (behind Sainte Dévote Church), Port Hercule, Jardin Exotique, Allée Lazare Sauvaigo/Rue Grimaldi/Rue Suffren-Reymond, Avenue Prince Pierre.

Facts and Figures about Monaco – Featured image: © Monaco Press Centre Photos

About the author

Pierre is a French/Australian who is passionate about France and its culture. He grew up in France and Germany and has also lived in Australia and England. He has a background teaching French, Economics and Current Affairs, and holds a Master of Translating and Interpreting English-French with the degree of Master of International Relations, and a degree of Economics and Management. Pierre is the author of Discovery Courses and books about France.

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Monaco Punches Well Above Its Weight In The World: Just Look At The Numbers

You can see it, you can feel it, you can sense it, the vibrancy of the Principality. From time to time it’s worth checking the numbers for statistical proof that our emotions or personal good fortune are not making us look at Monaco through rose-tinted spectacles.

It is evident the country has a clear direction. Statistics show the Principality is steaming reliably ahead through waters that look decidedly troubled for many countries, with populism, trade wars, extreme climates, insecurity and crime . Let’s look at the numbers and see why Monaco remains an oasis and an island of optimism.

Information from the Monaco Economic Board and Imsee (Monaco’s Institute of Statistics) provide some keys. They show that Monaco has the 5th highest production per capita (GDP) at $72,000 in the world, ahead of both Switzerland ($55,000) and the United States ($52,000).

Total GDP is well over 5.5 billion and heading for 6 billion euros.

Structural investment is critical with Monaco currently undertaking one of the largest construction projects in Europe, Portier Cove . Monaco’s offshore extension on the sea extends the natural contour of Monaco’s coastline into the Mediterranean. It has already completed its first major phase. Visible currently is the Cove’s massive concrete belt, already in place, defining the footprint of the new territory reclaimed from the sea. This 2 billion euro boost to the economy adds to another extra half a billion of new investment in the health sector with the planned new Princess Grace Hospital and continued investments in ports and hotels. As much as 200 million euros was spent solely on the refurbishment of Hotel de Paris, with the luxury shopping oasis zone, One Monte Carlo, next door. And another 80 million euros was earmarked for a close-by port facility for yachts.

Monaco is a natural magnet for luxury businesses. They are perfect targets for the Economic Board (MEB) in its pursuit to diversify Monaco’s economy in niche areas where it has competitive advantage. Bain and Company estimate this 260 billion euro luxury sector is growing at an annual rate of 4% to 320-365 billion by 2025 and Monaco is positioned to harvest its share with this major new luxury shopping arena in the Carré d’Or at One Monte Carlo.

Of course luxury is not the only profitable niche in Monaco’s diversified economy.

Diversification

That Monaco’s economy is increasingly diversified may come as a surprise to some. It has, of course, its historic Casinos. And banking and finance still make up a big sector at 17.8 % of the pie but so is the construction sector large at 8.7% and existing real estate at 10%. Then there is a thriving services sector for tourists and even more sizable local services of 17% of the pie for the wider resident community. Even the tourist sector itself is diversified.

Long gone are the days when tourism depended on the Casinos alone. The Casino still has an important role to play but it is within a diversified tourist sector within a diversified economy.

The sector is robust and together with retail makes up 12.5% of the total economy. There are three mega events which act as powerful magnets: the Monaco Grand Prix (and related prestige Auto-Shows), The Monte-Carlo Rolex Masters Tennis (and related Sports events) and the Yacht Show. And there is a huge conventions business based principally on the Grimaldi Centre with the newly opened One Monte Carlo adding more capacity. Here are some numbers from Imsee (Monaco Statistics) that measure just how robust:

Hotels: 576.000 room nights are sold each year; this measures the influx of tourists who stay. Over 80% of the rooms are 4 or 5 star with associated premium prices.

Cruise ships: 169.000 passengers arrive each season

Heliport: 80.000 passengers are using the Heliport annually

Many of these tourists need and share public Transport that is also used by residents and commuters – all helping to keep congestion off the road and reduce pollution and use energy wisely.

Energy Transition away from carbon is serious business. Climate change and pollution affect us all. Climate change made the stifling heat that enveloped parts of Europe this Summer much more likely to recur and with even hotter spells. The heat wave was hotter by about 2.5 to 5 degrees Fahrenheit; because of climate change according to researchers.

Here are some impressive numbers from Imsee on transport in Monaco:

Trains: 6.4 million passengers arrive at Monaco station

Buses: 6.9 million bus trips completed

Ebikes: And there is a newly introduced Ebike program which supports the move to cleaner electric propulsion evidenced by the increasing fleets of electric vehicles.

The transport system also serves Monaco’s active and large service sector and other sectors with total jobs in all sectors numbering 56.000.

Businesses and Jobs

There are over 3500 employers in the private sector (3738 in total) with recent emphasis on more and more entrepreneurial activity, in preparation for participation in Monaco’s planned digital and green economy. Internationally they are a cohesive force supported by 138 Consulates in 80 States and the MEB who also ceaselessly promote investment and tourism with their cycle of delegations abroad.

8.000 jobs or 1 in of 7 approximately of the 56.000 Monaco jobs are filled by residents. Monaco tends to be a net creator of new jobs at a rate of 500 a year. It is also a vital source of jobs for surrounding communities.

Rock Solid Finances Support Sustainable Development

A debt free economy, a burgeoning array of just under 4000 private businesses, heavy investment in digital transformation, including 5G for a “smart Principality”, and a commitment to responsible sustainable development targeting carbon neutrality by 2050 almost complete the picture – except there is another important layer facilitating sustainability and green initiatives; it is Monaco’s vital sector of Philanthropy including Foundations of which notably that of Prince Albert.

Monaco has a unique financial profile. In a country that doesn’t have income tax nor is endowed with abundant wealth in natural resources, one would imagine that Government spending would run up deficits. In fact, while the State plays a vital role in the economy and has a budget of 1.3 billion euros it has revenues to match. Half of the revenues come from value added tax. The Government spends prudently leaving a 38 million euro surplus.

Not only that, there is no debt and the Principality is sitting on financial reserves of over 5 billion euros which could fund Government spending for four years, even if there were no revenues! Monaco was founded on a rock and its finances are similarly rock solid.

Population, Housing, Education and Climate

In the two Square metres of the Principality are just under 40.000 residents from all over the world. About one quarter or under 10.000 are Monegasque nationals. Diversity of the rest of the residents is something of which Monaco is proud representing at least 138 nationalities. There are close to 20.000 housing units, the vast majority being apartments – so housing quality is unusually high with occupancy at a very comfortable average of 2.1 per apartment.

Plenty of schools for the kids, thirteen in all, and 12 municipal day care centers make for a high quality of life.

Economy: Monaco’s Record-Breaking Quarter for Turnover and Private Employment

Will there soon be 10.000 monegasques, bigger homes are trending in monaco’s shifting real estate market…, monaco’s student population exceeds 6,400 for the first first time in 10 years, over €1 billion increase in monaco’s gdp in 2022, housing needs in monaco by 2040: new study by the imsee, sbm: games sector reports a decrease in turnover over first quarter, under construction: imsee zeros in on monaco’s booming sector, monaco in figures: all you need to know about the new study, does the latest trend confirm there will be 10.000 monegasques, soon.

Monaco - International tourism

International tourism, number of arrivals.

The value for International tourism, number of arrivals in Monaco was 159,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 363,000 in 2019 and a minimum value of 159,000 in 2020.

Definition: International inbound tourists (overnight visitors) are the number of tourists who travel to a country other than that in which they have their usual residence, but outside their usual environment, for a period not exceeding 12 months and whose main purpose in visiting is other than an activity remunerated from within the country visited. When data on number of tourists are not available, the number of visitors, which includes tourists, same-day visitors, cruise passengers, and crew members, is shown instead. Sources and collection methods for arrivals differ across countries. In some cases data are from border statistics (police, immigration, and the like) and supplemented by border surveys. In other cases data are from tourism accommodation establishments. For some countries number of arrivals is limited to arrivals by air and for others to arrivals staying in hotels. Some countries include arrivals of nationals residing abroad while others do not. Caution should thus be used in comparing arrivals across countries. The data on inbound tourists refer to the number of arrivals, not to the number of people traveling. Thus a person who makes several trips to a country during a given period is counted each time as a new arrival.

Source: World Tourism Organization, Yearbook of Tourism Statistics, Compendium of Tourism Statistics and data files.

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Topic: Private Sector & Trade Indicators

Sub-Topic: Travel & tourism

Note: This page was last updated on December 28, 2019

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Statistics about Monaco

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Tourism in Monaco Monte-Carlo

Once in your life you have to go for a trip in Monaco. This mythic place, between the Alpes and the Mediterranean sea will offer you dreams and reality.

Alone, both or with your family, for romantic holidays, simple tourism or a business trip, the Principality of Monaco will offer you a univers of many facets.

Monaco Monte-Carlo provides you many discoveries, a highly cultured place with its many museums , nice welcome with its nicest hotels in the world , sumptuous gastronomy with his wellknown restaurants .

Everything is done for your satisfaction ! Take the advantage of what the Principality has to offer by planning your stay in advance.

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Our selection of real estate properties in monaco.

BEAUTIFUL 3/4 BEDROOM SEA VIEW - PATIO PALACE

11 800 000 €

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Focus : digital economy in monaco 2023.

In 2023, Monaco counts 1,031 establishments in the digital economy, compared with 988 in 2022 (+4.4%). In ten years, the number of digital businesses has risen significantly (+73.0%), increasing their share in the total number...

GDP 2023 survey

The Principality is currently calculating its Gross Domestic Product (GDP) for 2023 through a survey conducted by the Monegasque Institute of Statistics and Economic Studies (IMSEE). GDP summarises economic activity and is an e...

ESPAD 2024 survey

For the fifth time running, Monaco took part in the European School Survey Project on Alcohol and other Drugs (ESPAD), conducted every four years in some 30 European countries to study the health decisions, lifestyles and alcoh...

Barometer – Manufacturing industry : February 2024

The barometer for the February 2024 manufacturing industry business survey is now online.According to the business leaders surveyed, the business climate in industry is improving, returning to its average in February.To find ou...

Barometer Retail trade : Fabruary 2024

The barometer for the February 2024 retail business survey is now online.According to the retailers surveyed, the business climate was fairly stable in February 2024 in the retail and motor vehicle trade and repair sectors.For...

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Direction du Tourisme et des Congrès

The Tourist and Convention Authority has the remit of promoting the Principality and all of its tourism entities.

Organisation and operation

Leisure tourism division.

It is tasked with promoting Monaco as a destination to professionals and the public with an attractive product offer, confirming the accessible nature of the Principality.

The team in this Division provides advice and adapted solutions, and shares many years of experience and knowledge of the destination.

Monaco Convention Bureau 

It is entirely devoted to business tourism.

It has promotional offices in London, Milan, Frankfurt, New York, Tokyo, Sydney and Singapore. 

It offers solutions regarding technical and business installations to the organisers of conferences, seminars, incentive trips, exhibitions, festivals and international trade fairs.

The Monaco Convention Bureau team serves those organising business meetings to:

• Study the feasibility of their projects with them
• Draw up a no strings attached cost estimate
• Give them appropriate advice in defining the concept of the event, choosing well adapted technical resources and selecting the best local partners

Official Directory

Contact details

“Athos Palace” 2 rue de la Lüjerneta 98000 Monaco

Phone Number : (+377) 92 16 61 16

Site web  :  www.visitmonaco.com

Tourist Office

2a bd des Moulins  98000 MONACO

Opening hours : Monday to Saturday 9am – 7pm / Sundays and Public Holidays 11am – 1pm (Summer time 9am - 7pm)

Phone Number : (+377) 92 166 166

website:  www.visitmonaco.com   

Monaco Government Tourist and Convention Office 7 Upper Grosvenor Street Mayfair London W1K 2LX

Phone Number : + 44 207 318 10 90

Fax Number : (+44) (0) 204 408 2487

Office in Italy

Interface Tourism Italy Via Carducci 38 20123 Milano Italie

Phone Number : (+39) 02 83660917

Fax Number : (+39) 02 36 56 58 73

New York Office

Development Counsellors International 215 Park Avenue South, 14th Floor New York, NY 10003 USA

Phone Number : +(1) 212 444 7123

Office in Australia

Monaco Government Tourist Bureau Suite 13, 235 Spit Road Mosman - NSW 2088, Sydney  AUSTRALIA

Phone Number : (+61) (0) 2 8206 9311

Office in Japan

Monaco Government Tourist and Convention Bureau c/o　Candlewick Co., Ltd. Parkside House 7F, Ichiban-cho-2, Chiyoda-ku Tokyo, 102-0082 JAPAN

Phone Number : + 81-(0)3-6261-6005

Fax Number : + 81-(0)3-6261-6051

Office in South East Asia, China and Korea

Monaco Government Tourist Bureau c/o Horus Development & Consulting Pvt. Ltd 37 Smith Street 058950 Singapour

Fax Number : + 65 62 24 98 79

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Welcome to Monaco

For the past 150 years, Monaco has been the prime destination for the most selective travelers. This country nestled between sea and mountains perfectly cultivates this clever blend of a Principality that is reinventing itself, while remaining faithful to the elements that make up its DNA. Through the decades, Monaco has continuously developed a broad offering of services catering to the most exclusive of experiences, combining both innovative concepts and internationally renowned historic establishments, perpetuating excellence. Cocooning spas or gastronomic delights, romantic getaways or weekends with the family, it is on these two square kilometers that the most eclectic desires materialize ... which is what we need most at a time when hedonistic experiences are scarce. Although Monaco is small in size, this is no less the place where your inspirations can bloom. Between the exceptional density of Michelin-starred restaurants, the prestigious events taking place throughout the year or the many havens of peace scattered within its hotel establishments, the Principality cannot to be outdone. But Monaco is also a home, where you can taste local specialties at the counter and you can relax with your family in our many open spaces. Where the heart of the city beats there is also shopping for all, where adults and children alike will find what they are looking for. Everyone will be able to marvel at the unique aquariums of the infamous Oceanographic Museum, stroll through the many traditional and exotic gardens of the Principality or travel through time with the collection of cars of HSH the Prince of Monaco. While the Principality continues to fascinate and entertain at the same time, it also strives to become a benchmark in sustainable tourism. Having been committed to the fight against climate change and for the protection for the oceans for many decades, and even more so since the accession of HSH Prince Albert II in 2005, Monaco is implementing numerous environmental friendly actions. This requires a comprehensive state policy, through an approach that includes all stakeholders in local tourism, from restaurateurs to hoteliers.