Egypt 2011 tourism revenues seen down by a third

Reuters and Ahram Online, Tuesday 13 Dec 2011

Official suggests overall tourist revenues for the year may be slightly less than the $9.5 billion predicted by minister at the weekend

Egypt tourism
Total tourism revenues will be under $9.5 billion says official (Photo: Reuters)

Egypt expects to earn about $9 billion from tourism in 2011, down about third on a year earlier after many visitors were deterred by an uprising that toppled Hosni Mubarak in February and unrest that followed, a senior official said on Tuesday.

The figures he cited were marginally different from those given by Egypt's tourism minister at the weekend but echoed his general predictions.

"We expect around 30 to 35 per cent less revenue than last year which means it is going to be around $3.5 billion to $4 billion less, so we are speaking about a figure around $9 billion," Hisham Zaazou, senior assistant to the tourism minister, told Reuters. 
 
He put 2010 revenues at $12.5 billion.
 
In an interview with Ahram's Arabic gate on Saturday, Egypt's tourism minister Mounir Fakhry Abdel-Nour,  said Egypt would see 10.5 million tourist visits by the end of 2011, bringing in a total $9.5 billion in revenue.
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