Tag Archives: Egypt tourism

The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) revealed that the sector’s contribution to Egypt’s GDP grew almost 24% last year to reach a record E£953BN – nearly 21% ahead of the previous peak. The data also shows that across sector jobs, international and domestic visitor spending, the sector fully recovered last year to reach record-breaking levels. Domestic visitor spending grew almost 9% year-on-year to reach more than E£328.5BN, while spending by international visitors saw a strong 38.5% year-on-year growth last year, to reach E£470.4BN. Jobs supported by the sector grew almost 10% to reach more than 2.5MN, representing one in 12 jobs across Egypt. Although this is strong recovery, it continues to lag previous record job numbers for the sector, set 15 years ago in 2008, when job numbers reached 3.7MN. Julia Simpson, WTTC President & CEO, said; “Egypt’s Travel & Tourism sector has made an extraordinary recovery, surging past previous records, highlighting the sector’s resilience and its vital role in Egypt’s economy. “The Egyptian Government recognises the value of Travel & Tourism to the Egyptian economy and jobs, placing it at the forefront of the agenda, with a real focus on investment.” This year, the sector’s GDP contribution is forecast to reach almost E£988BN, accounting for 8.1% of Egypt’s economy. International visitor spending is anticipated to grow 6.2% to reach just under E£500BN this year, with domestic visitor spending expected to reach over E£340BN. Sector jobs are projected to grow 5.7% to reach 2.67MN, to account for almost one in 11 jobs in Egypt, although still below the previous peak.With the right government support, WTTC is forecasting that the sector could grow its annual GDP contribution to E£1.57TN by 2034, representing …

Speaking with TravTalkME at ITB China, Amr Elkady CEO Egypt Tourism Authority shared that 2023 was a good year for Egypt as they received 230,000 visitors and they are looking at closing 2024 with 300,000 visitors from China. He reiterated that the Chinese leisure market has grown exponentially over the past few years and increase of air connectivity between the two destinations is one of the main reasons for the increase of travellers from China. Elkady shared that there are many programmes rolled out at present to ensure that there are more visitors inbound to Egypt and among them is a special incentive programme for the aviation sector, where if you fly from any destination to any of the airports in Egypt (apart from Cairo) the airline receives a cash incentive. Both B2B and B2C are kept updated with the latest facilities, programmes and interests to ensure that they make the most of the opportunities which lie ahead. Apart from the leisure travellers Egypt tourism is working on MICE and corporate travel especially from China, Elkady shared,”it is important that both parties meet the right contacts for MICE and corporate travel, as a tourism board we are looking at educating and providing the rightful platforms for the sectors. However, this will take longer but it will be a sustainable process when it comes to the market.”