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In the first half of 2024, Egypt’s tourism sector saw a revenue increase of 5%, reaching $6.6 billion compared to $6.3 billion in the same period of 2023. The Ministry of Tourism and Antiquities reported 7.069 million tourists visited Egypt from January to June 2024, a slight rise from 7.062 million the previous year, marking a 0.1% increase. This growth in tourist arrivals has led to an increase in the number of nights spent in Egypt, totaling 70.2 million, up from 67.6 million in 2023.
Growth in Tourism Revenue
In the first half of 2024, Egypt’s tourism sector saw a revenue increase of 5%, reaching $6.6 billion compared to $6.3 billion in the same period of 2023. The Ministry of Tourism and Antiquities reported that 7.069 million tourists visited Egypt from January to June 2024, a slight rise from 7.062 million the previous year, marking a 0.1% increase. This growth in tourist arrivals has led to an increase in the number of nights spent in Egypt, totaling 70.2 million, up from 67.6 million in 2023.
Surge in Russian Tourists
Significant Contributor to Growth
A significant contributor to this growth is the influx of Russian tourists. Despite the initial impact of the Russia-Ukraine war, Russian tourism to Egypt has surged. In 2023, 1.4 million Russians visited Egypt, a 40% increase from 2022. This year, Egypt aims to attract 1.8 million Russian tourists, with 258,600 having already visited between January and March.
Strategic Coordination
Egypt is actively coordinating with Russian travel agencies to boost tourist arrivals. The Egyptian Tourism Authority’s CEO, Amr el-Kady, has been engaging with Russian tour operators to promote Egyptian destinations for both summer and winter seasons. Tour operators play a crucial role in Egypt’s tourism, accounting for 80% of European tourist arrivals.
Strategic Expansion Plans
Doubling Visitor Numbers
To counter the challenges posed by Covid-19 and the Russia-Ukraine conflict, Egypt plans to double its foreign visitor numbers to 30 million by 2028 and foster greater private investment in tourism. The country aims to develop 250,000 hotel rooms as part of a strategy to generate a minimum annual revenue of $30 billion. In 2023, Egypt added 14,000 hotel rooms, reaching a capacity of 220,000, with plans to add another 25,000 rooms this year.
Developments in Egypt’s Tourism Sector
Grand Egyptian Museum
Several major projects are underway to enhance Egypt’s tourism appeal. The Grand Egyptian Museum, set to be the world’s largest archaeological museum, is expected to complete its installation by the end of March 2024. Despite repeated delays, the museum’s opening aims to offer a new visitor experience at the pyramids.
Ras El Hekma Development
Additionally, the UAE’s $35 billion plan to develop Ras El Hekma on Egypt’s north coast aims to reintroduce this region as a serious international tourist destination.
Increased Tourist Spending and Nights
The rise in tourist arrivals and spending is a positive indicator for Egypt’s economy. The country reported that tourism revenues have increased by 18% since 2010, reaching $5.6 billion during that peak year. The number of nights tourists spent in Egypt has also risen, from 65.7 million in 2010 to 70.2 million in the first half of 2024.
Conclusion
Egypt’s tourism sector is on a growth trajectory, with increased tourist arrivals and spending contributing significantly to the economy. The country’s strategic efforts to attract more tourists, particularly from Russia, and expand its hospitality infrastructure are poised to achieve ambitious targets and boost revenues. As Egypt continues to enhance its tourism offerings and promote its cultural and natural attractions, it remains a key destination for global travelers.
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