Egypt: Tourism revenues on the rise thanks to arrivals from Eastern Europe, Gulf countries

Egypt is targeting between $6 billion and $9 billion in tourism revenues in 2021 as the country reports a rise in arrivals of Eastern European and Gulf holidaymakers, Bloomberg reports quoting tourism minister Khaled El Anany.

Late last month, Deputy Minister Ghada Shalaby said Egypt is expecting to generate between $6 billion and $7 billion in terms of tourism revenues this year as direct flights with Russia are set to resume “soon”. More than one million Russian tourists are expected to visit Egypt this year.

Shalaby indicated that Egypt envisions to attract this year around 60 per cent of the number of tourists who visited the country in 2019.

In 2019, 13.1 million people visited Egypt, generating revenues estimated at $13.03 billion.

The Tourism Minister indicated that the number of visitors has risen to about 500,000 a month this year and that Egypt is expecting more than 6 million tourists in 2021, Bloomberg notes.

The tourism revenues dropped down in 2020 to about $4 billion due to the pandemic.