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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.

 


Todays Events
   Electric Thursday   @ CJC  610
Bars
Date: 11/15/2018
Time: 10:00pm - 2:00am
Venue: Cairo Jazz Club 610
11th Panorama of the European Film
Film
Date: 11/15/2018
Time: 10:30am - 12:0am
Venue: Cairo
Deep House with Joe @ Rooftop Lounge
Clubs
Date: 11/15/2018
Time: 10:00pm - 4:00am
Venue: Rooftop Lounge Garden City
The Dancing Canvases @ Mashrabia Gallery
Exhibitions
Date: 11/15/2018
Time: 11:00am - 9:30pm
Venue: Mashrabia Art Gallery
Alexandrian Dream @ Mashrabia Art Gallery
Exhibitions
Date: 11/15/2018
Time: 11:00am - 8:00pm
Venue: Mashrabia Art Gallery
Hisham Blues @ Saigon Restaurant & Lounge
Bars
Date: 11/15/2018
Time: 9:00pm - 2:00am
Venue: Saigon Restaurant and Lounge
Paper Trails II @ Gypsum Gallery
Exhibitions
Date: 11/15/2018
Time: 12:00pm - 8:00pm
Venue: Gypsum Gallery
Something Else II - Off Biennale
Culture
Date: 11/15/2018
Time: 2:00pm - 8:00pm
Venue: Cairo