Egypt Zones accountACCOUNT

War on Gaza Has Moderate Impact on Egypt’s Tourism: Experts

Source: www.export-egypt.com 10/29/2023, Location: Africa

Share |
The Israeli war on Gaza has had a moderate impact on tourism to Egypt, particularly in South Sinai, experts told Ahram Online.

“The impact of the war is already felt in South Sinai, which accounts for 32 percent of Egypt’s total tourism bookings. Since the beginning of the conflict, more than half of trips to South Sinai have been cancelled,” Sameh Saad, vice president of Orient Hotels and Resorts, told Ahram Online.

“However, the impact of these cancellations has been mitigated by pre-war overbookings for the months of October and November,” he added.

The conflict in Palestine started on 7 October and has been escalating since then. Up until now, the war resulted in more than 7,300 killed and 19,000 injured among Palestinians, and 1,300 casualties and 3,300 injuries among the Israelis.

Egypt has been making immense diplomatic efforts to de-escalate the situation while avoiding any provocations to be a part of the struggle.

“As long as Egypt is not involved in that conflict, the impact thereof on tourism will still be moderate and constitute only cancellations to some trips to Sinai,” Azza Abbas, head of the Egyptian Association for Tourism and Friendship among Nations, told Ahram Online.

She suggested that some of the potential visitors could be redirected to other areas, like southern Egypt.

However, Saad cautioned against expecting too much from such a campaign, explaining that the south of Egypt – with rich historical sites near Luxor and Aswan – offers a much different experience from the seaside camps and resorts of South Sinai.

Tourism has been always a main source of foreign currency, a shortage of which Egypt has been suffering from for more than a year.

Dealing with the crisis, Egypt has set a plan to secure $191 billion through 2026, $20 billion of which is planned to be generated through the tourism sector.

The sector's revenue increased by 26.8 percent on a yearly basis in FY2022/2023, jumping to a record $13.6 billion, according to data released by the Central Bank of Egypt.

Financials and Investment News in Egypt >>

Egypt >>  11/9/2024 - South Korean Ambassador to Cairo Kim Yonghyon praised steps taken by the Egyptian government to attract foreign direct investment.

South Ko...

Egypt >>  11/9/2024 - Chairman of the Egyptian Financial Regulatory Authority (FRA) Mohamed Farid took part in the International Organization of Securities Commissions (IOS...

Egypt >>  11/9/2024 - Minister of Housing, Utilities and Urban Communities Sherif el Sherbini had a meeting with Cameroon's Minister of Housing and Urban Development Celest...
Egypt >>  11/9/2024 - The Micro, Small and Medium Enterprise Development Agency (MSMEDA) is cooperating with the World Bank (WB) to upgrade the Egyptian Entrepreneurship ec...

Egypt >>  11/9/2024 - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel el Wazir had a meeting with Hayrettin Akgun Okay, CEO of...
Egypt >>  11/9/2024 - Minister of Planning, Economic Development and International Cooperation Rania el Mashat said that 42% of the public investments of the plan of the cu...




Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 |

More News

Oil & Gas Companies in Egypt >>

Related Links

Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.