Egypt's tourism revenue up 3.1 pct year/year in first half

Reuters , Wednesday 29 Jul 2015

File Photo : Tourists enjoy the water at a beach at the Red Sea resort of Sharm el-Sheikh city, which is hosting the Arab Summit on Saturday, in the South Sinai governorate, south of Cairo March 27, 2015 ( reuters)

Egypt's tourism revenue rose 3.1 percent in the first half of 2015 compared with the same period last year, the tourism minister said on Wednesday.

Tourism revenue rose to $3.3 billion in the first half from $3.2 billion in the same period last year, while the total number of tourists rose 8.2 percent in the first half, Khaled Ramy told Al-Borsa, a local financial newspaper. He confirmed the figures to Reuters in a text.

The tourism sector has been hammered since the popular uprising that toppled autocrat Hosni Mubarak in 2011.

It suffered another blow when a suicide bomber blew himself up near the ancient Egyptian Karnak Temple in the southern city of Luxor in June.

In May, Ramy said advance bookings indicated the full-year total would be around 12 million tourists, below 2010's peak of 14.7 million but above 2014's 9.9 million.

Revenue last year was $7.3 billion, Ramy said in May, adding that he wanted to reach $26 billion by 2020.

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