Egypt: GCC Tourism Spend To Hit $2.36 Billion In 2020

Egypt: GCC Tourism Spend To Hit $2.36 Billion In 2020

GCC tourists to Egypt will spend $2.36 billion in 2020, an increase of 11% over 2019, with visitors from Saudi Arabia driving this growth, according to new data published ahead of Arabian Travel Market 2020, which takes place at Dubai World Trade Centre on April 19-22, 2020.. Visitors from Saudi Arabia to Egypt made 1,410 trips in 2019 with a forecast of 1.8 million tourists by 2024, a Compound Annual Growth Rate (CAGR) of 5%.. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: "Total tourism receipts in Egypt which stood at $16.4 billion in 2019, will achieve an average 13% CAGR over the next five years to reach $29.7 billion.". The DoE ended a ban on direct flights between the UK and the Red Sea resort of Sharm El Sheikh.. "Looking further than its current top source markets, the 2020 influx of UK visitors, the bulk of Russian visitors still to come back, as well as the Chinese market, the future looks promising for Egyptian tourism," said Curtis.