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Egypt Tourism Sector Research Highlights

Egypt Tourism Sector Research Highlights
Economic News

The growth trajectory of religious tourism in key markets
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– Faith-based travel generates significant tourism revenue in key markets – MENA countries are developing transport and cultural offerings to improve capacity – Religious events represent key drivers of arrivals to some regions – Technology can help improve connectivity and access to faith-based offerings With many emerging markets diversifying their tourism offerings,…

Country Report

The Report: Egypt 2022
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Egypt’s varied history, straddling multiple geopolitical and economic spheres, continues to shape the country’s development. However, this does not come without challenges. Food security uncertainty stemming from Russia’s invasion of Ukraine in early 2022 is a particular headwind, in combination with associated issues like inflation and foreign exchange risk. Moreover, 29.7% of Egyptians sti

Overview

Infrastructure investment positions Egypt's tourism industry for growth
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In the years leading up to the Covid-19 pandemic, the tourism sector was a key contributor to economic growth and foreign exchange. Egypt was expecting significant growth in tourism going into 2020 with the opening of new flight routes and museums, as well as investment in antiquities. The pandemic’s impact on the tourism sector in markets around the world was significant, as travel restrictions…

Analysis

Adopting sustainable strategies to revive global tourism
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The global tourism industry faces numerous challenges when it comes to decarbonisation, as highlighted by a November 2021 report from the World Travel & Tourism Council (WTTC), in collaboration with the UN Environment Programme and multinational consulting firm Accenture. In the years prior to the pandemic the sector thrived, recording its 10th consecutive year of growth in 2019. Moreover, with…

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The Report: Egypt 2022: Tourism
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In 2020, when international arrivals and tourism operations were affected by the Covid-19 pandemic, there was a worry that the tourism industry would lose its post-2017 momentum. However, efforts have been made to maintain the upward trend. Indeed, public investment in the tourism sector and concerted marketing campaigns aimed at fuelling engagement laid the groundwork for a rebound. In May 2021 the…

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Shady Ali Hussein, Chairman, Reversing Medical Tourism Flow Organisation

In this Global Platform video, Shady Ali Hussein, chairman of the Reversing Medical Tourism Flow Organisation, talks about the advances being made in Egyptian dentistry technology, its contribution to higher levels of medical tourism and its role in the retention of skilled dental professionals. As Egypt has 15,000 dentists graduating each year, attractive positions and high salaries are keeping them

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The Report: Egypt 2020: Tourism
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After years of recovery following the 2011 revolution, Egypt is once again a sought-after tourist destination. In 2019 the sector contributed LE496.4bn ($30.6bn) to GDP, representing around 9.3% of the total, a 0.2% increase on the previous year. Although the spread of Covid-19 significantly impacted the industry in the first half of 2020, it is expected that growth will resume in 2021. Rising visitor…

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What reforms are supporting Egypt's tourism industry?
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After years of recovery following the decrease in tourism that resulted from the 2011 revolution, Egypt is once again attracting international visitors, with annual growth for 2020 projected in double figures. Although the spread of the Covid-19 pandemic significantly impacted the global tourism industry throughout the first half of 2020, it is expected that the growth seen in Egypt’s tourism…

Analysis

What kind of investment will attract tourists to Egypt?
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Infrastructure investment is a key pillar under reforms put forward by the Ministry of Tourism and Antiquity (MoTA) in 2018. These reforms recognise the need to develop existing infrastructure and increase overall capacity. Tourist arrivals have risen steadily in recent years, reaching 12.6m in 2019. Although visitor numbers in the first half of 2020 were impacted by the spread of the Covid-19…

Economic News

Can Egyptian tourism reboot despite rising Covid-19 infection rates?
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Having been hard hit by the coronavirus pandemic, Egypt’s tourism sector is hoping for a rebound as the country prepares for a gradual reopening on July 1. Civil flights into and out of Egypt were suspended on March 19. Alongside the closure of restaurants, hotels and cafés, this has resulted in a near-complete shutdown of tourism-related activity. With the sector indirectly accounting for9.7%…

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