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Egypt eyes slow return for tourism after revenues dive in 2020

Egypt eyes slow return for tourism after revenues dive in 2020

EGYPT’S tourism sector is eying a gradual recovery after revenues plunged by nearly 70% to $4 billion in 2020 due to the coronavirus pandemic, the tourism minister and travel companies said. The number of tourists visiting Egypt sank to 3.5 million last year from 13.1 million in 2019, Tourism and Antiquities Minister Khaled El-Enany told Reuters. Foreign occupancy rates in Egyptian hotels dropped to just 10-15% of 2019 levels. Tourism accounts for up to 15% of Egypt's national output, and is a key source of foreign currency. Officials have been unveiling new archaeological discoveries in an effort to revive visitor…
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Egypt’s January-June tourism revenues were $3.5-4 bln – deputy minister

Egypt’s January-June tourism revenues were $3.5-4 bln – deputy minister

EGYPT’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, Ghada Shalaby, deputy minister of tourism, told Reuters. 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. "We are expecting that numbers of tourists will increase by 45% to 60% during the next period compared with last year," Shalaby said. The average spending of a tourist per night is about $95, she added. Tourism revenue is…
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