Published on : Friday, April 5, 2019
According to the recent report by the Arabian Travel Market (ATM), the yearly number of visitors to Egypt is hoped to grow by 50 percent in the next three years from 1.49 million in 2018 to 2.23 million in 2022.
In the Middle East, ATM is a prime international travel and tourism event that attracts tourism sector professionals from many nations. The edition for this year will run in Dubai from April 28 until May 1. 2018’s event successfully attracted almost 40,000 tourism professionals.
The report hopes that Egypt travelers will be the major tourism boosters, leading a major rise in the growth rate to 9.1 million tourists in 2022 from 6.2 million in 2018
One more research carried on by Colliers International observed that arrivals from the Middle East would contribute to the highest Compound Annual Growth Rate (CAGR) at 11 percent.
“Over the last 12 months, Egypt’s tourism industry has witnessed healthy and steady growth, with arrivals up 14.5 percent from 8.3 million in 2017 to 9.5 million in 2018.
Growth has been fueled by the cheaper Egyptian Pound and government incentives for charter airlines operating international flights,” Danielle Curtis, Exhibition Director ME, Arabian Travel Market, stated.
“We are witnessing this growth firsthand at ATM, with the total number of attendees coming from Egypt increasing 16 percent year-on-year,” he added.