War on Gaza Has Moderate Impact on Egypt’s Tourism: ExpertsSource: www.export-egypt.com 10/29/2023, Location: Africa |
|
|
|
|
|
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 >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| 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 | |
