Egypt’s tourism sector hits $13.03B; highest revenues ever – Egypttoday

Egypt’s tourism sector hits $13.03B; highest revenues ever – Egypttoday

CAIRO - 31 March 2020: Egypt's tourism sector recorded highest level of revenues in history, reaching $13.03 billion in 2019, compared to 2010's $12.5 billion and 2018's $11.6 billion, the Central Bank of Egypt (CBE) said Tuesday.. It also revealed that the number of tourists in 2019 came lower than the recordings in 2010 which hit 14.7 million tourists.. Tourism experts attributed the improvement in the tourism sector in 2019 to the implementation of a comprehensive structural reform program for the tourism sector, the Egypt--Tourism Reform Program (E--TPR) in 2018.. In Sep. 2019, the first report evaluating the implementation of the reform program as issued, revealing the achievement of more than 80 percent of the program's goals, most notably the investment in the human element, raising the efficiency of workers in the sector and increasing the competitiveness of the Egyptian tourism sector globally.. The World Tourism Organization and the International Council for Tourism and Travel expected that tourism in Egypt and the world will return to normal levels after 10 months of eliminating coronavirus.. CBE added that with reference to the initiative issued to support the tourism sector and to allocate around LE 50 billion to finance companies and tourist