27 May 2021

Tourism Revenues Expected For 2021

In a tourism conference in Riyadh, the Minister of Tourism and Antiquities indicated that Egypt expects tourism revenues of USD6-9bn in 2021. He said that this figure will be supported by a high number of tourists visiting from Eastern Europe and the Arab Gulf states. The expectation comes on the back of a gradual increase in both the number of tourists visiting Egypt and in the number of tourists departing from their home countries in general. With tourist inflows rising recently to about 500,000 tourists per month, the total for 2021 is expected to reach over 6mn. (Source: Bloomberg, Arab Finance, Amwal al-Ghad