The Principality of Monaco, which has been named Best Destination 2025 by European Best Destinations, is a popular independent and business tourism destination. Its appeal is based on its rich history, iconic locations and modern infrastructure.
Monaco has been attracting an international clientele seeking exclusivity since the nineteenth century. Led by Prince Charles III, the Principality experienced a huge boom in tourism with the establishment of the Société des Bains de Mer in 1863. This resulted in the emergence of a luxury tourism sector, driven by the official opening of the Casino de Monte-Carlo and some prestigious hotels.