Tourism revenues in Egypt to rise to $14.4 bln: Fitch Solutions ...Egypt

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The Fitch Solutions agency issued a report expecting tourism revenues in Egypt to rise to US$14.4 billion in 2023, compared to $13 billion during 2022. The report anticipates recovery in the tourism sector in Egypt to continue since the end of the COVID-19 pandemic closures. Tourism flow to Egypt grew by 117.5 percent in 2021 on an annual basis, to reach eight million tourists, compared to 3.7 million in 2020. The influx of tourists during 2023 continues at higher levels than before the COVID-19 pandemic in 2019, as a result of taking advantage of pent-up travel demand after the lockdowns and the end of the peak repercussions of the Russian-Ukrainian crisis. The agency further expects an i

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Last updated : 10 July 2023 clock 03:40 PM

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Tourism revenues in Egypt to rise to $14.4 bln: Fitch Solutions ...Egypt

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