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Bloomberg: Tourism in Egypt Soars 40% in 2018

Egypt is doing something right.

Sinai

According to a Bloomberg report, number of tourists arriving to Egypt in 2018 has soared 40% from the previous year, further solidifying the recovery of Egypt's tourism sector, which has witnessed a crisis in the wake of the 2011 revolution and the subsequent turmoil in the country.

The exact number of tourists landing in Egypt is forecasted to reach 8 million this year, which is still short 6 million from the peak year for the industry in Egypt, 2010, when tourists have reached a staggering 14 million.

“We expect that by the end of 2018 we will not be at the levels that we’ve seen in 2010, but we are approaching that,” Rania Al-Mashat told Bloomberg TV. “The rebound is quite steep and we’re trying to put the industry on a competitive base compared to our peers.”

According to Al Mashat, tourism accounts for over 20% of Egypt's economic output, making it a vital sector for the Egyptian economy as a whole.

 


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