Public Management

Egypt: Govt expects $6-7bln tourism revenues for 2021

Egypt: Govt expects $6-7bln tourism revenues for 2021
Tuesday, 27 April 2021 15:25

The Egyptian government is expecting between $6 billion and $7 billion in tourism revenues this year. In an interview with Reuters, the Vice Minister of Tourism Ghada Shalaby said this estimate is the result of an envisaged recovery in the sector after the pandemic.

For 2021, the number of arrivals is forecasted to be 60% of that in 2019. A good recovery trend fostered by a reduction of Covid-19 travel restrictions. Following the implementation of its vaccination campaign and the improvement of relations with its partners, Egypt is now ready for a gradual recovery of its tourism industry.

In that wake, Russia recently announced the soon resumption of direct flights between Moscow and Cairo. This should help achieve the Egyptian government’s ambition of attracting more than one million Russian tourists during the rest of 2021. In addition, the announcement in January of the discovery of archaeological "treasures" should create a new craze for tourism in Egypt.

As a reminder, due to the pandemic and the related restriction measures, Egypt has suffered a sharp decline in tourism revenues. As well, the number of tourists fell from 13.1 million in 2019 to 3.5 million in 2020, making revenues decline by 70% in 2020. The sector contributes an average of 15% to the country’s GDP. 

Carine Sossoukpè (intern)

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• Fily Sissoko will oversee a $8.5 billion World Bank portfolio spanning Mozambique, Madagascar, Mauritius, Comoros, and Seychelles.• His mission...
• Bassirou Diomaye Faye denounces credit rating agencies’ methodologies as ill-suited to African contexts.• Senegal urges reforms to enable fairer...
(AfDB)-The Board of Directors of the African Development Bank Group has approved a $474.6 million loan for South Africa's Infrastructure Governance...
New card enables African payments without using US or European networks Aims to lower costs, protect financial data, and boost intra-African...
Most Read
01

Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...

Telecoms: Lebara Enters Nigerian Market with Strong Competitive Ambitions
02

• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...

Gates Foundation Pledges $1.6 Billion to Gavi to Boost Global Child Vaccination
03

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
04

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
05

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.