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Tuesday, 12 November 2019

Egypt tourism revenue drops by 24.7 pct

Reuters, Sunday 17 Aug 2014
Sharm Elshikh
Tourists who were due to participate in an aquatic exercise class perform on the sand instead, at the Egyptian Red Sea resort of Sharm el-Sheikh, Egypt, Monday, Dec. 6, 2010 (Photo: AP)
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Egypt's tourism revenue dropped by 24.7 percent to around $3 billion in the first half of 2014, the Ministry of Tourism said in a statement.

Tourism has been hammered since the popular uprising that toppled autocrat Hosni Mubarak in 2011. It suffered another blow in February when a coach carrying Korean tourists was bombed by Islamist extremists.

The bus carrying Korean tourists was bombed near Taba in southern Sinai, not far from an Israel border crossing often used by vacationers, killing two South Koreans and one Egyptian in February.

The ministry said that the number of tourists to visit Egypt in the first half of 2014 reached 4.5 million tourists, dropping by around 25 percent from the same period a year earlier.

Tourism revenues had dropped by 41 percent in 2013 to $5.9 billion and the number of tourists during that year reached 9.5 million.

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Greg Jacobs
20-08-2014 04:37am
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Stability is the key to recovery ....
Tourism won't rebound until Egypt resolves it's political problems and provides a safe stable environment.
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expat
17-08-2014 09:54pm
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you better start digging faster than today....
as your second forreign currency industry after the suez channel is drying up by the day... but for sure,your government has other issues,for example to rise the alcohol taxes,which is a very smart move.... whole towns and communities were and are depending on tourism(take luxor for one)...and they are suffering for nearly 4 years without any income because of the egyptian political class lack of basic economy senses as well as a total lack of sense of the rest of the population..... i hope,next year,after some more excuses for electric failures and some bombs,your guests will decline to 1 million a year(the hardcores),because then your own tourist workers will loose faith and make a own revolution against Zazoo
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