Central Bank of Egypt reveals Egyptian tourism revenue

Published on : Saturday, April 4, 2020

The Central Bank of Egypt (CBE) said that Egypt’s tourism revenues has hit a record high of 13 billion U.S. dollars in 2019.

 

It mentioned that the  total revenues of tourism sector increased to 13.03 billion dollars in 2019 compared to 11.6 billion dollars in 2018, and 12.5 billion dollars in 2010 which was the peak year in terms of tourist flows.

 

In 2017 the revenues reached 7.8 billion dollars , 2.5 billion dollars in 2016, and 6.1 billion dollars in 2015.

 

In 2019 the  number of tourists who visited Egypt in 2019 was estimated at 13.1 million which was less than that in 2010 which stood at 14.7 million.

 

 

 

Tourism was sharply impacted by the two uprisings of 2011 and 2013 that toppled Egypt’s two presidents and shook the country’s economy.

 

However, the tourism sector started to flourish again after Egypt had improved its security and stability, with 11.3 million visitors in 2018, 8.3 million in 2017, 7.7 million in 2016 and 3.8 million in 2015.

 

 

According to Sameh Saad, CEO of travel agency Misr Travel, the improvement in tourism in 2019 was due  to the measures taken by the ministry of tourism to restructure the sector.

Terrorist attacks and security challenges brought Egypt’s tourism almost to a halt over the past nine years.

 

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