Egypt’s January-June Tourism Revenues at $3.5-4 Bln

Egypt’s Deputy Minister of tourism, Ghada Shalaby, says the country’s tourism revenues were between $3.5 billion to $4 billion during the first half of 2021 and the country received about 3.5 million tourists from January to June.

The country’s revenues from the vital sector were about $4 billion in 2020 amid the coronavirus pandemic, down by 70% from $13.03 billion in 2019.

Advertisement

Shalaby says Egypt is expecting that the number of tourists will increase by 45% to 60% during the next period compared with last year.

With the average spending of a tourist per night fixed at about $95, tourism revenue is an important source of foreign currency for Egypt and the industry usually accounts for up to 15% of the country’s gross domestic product.

Author

Share the Story
Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Keep Up to Date with the Most Important News

Weekly roundups. Sharp analysis. Zero noise.
The NewsCentral TV Newsletter delivers the headlines that matter—straight to your inbox, keeping you updated regularly.