Egyptian tourism records 21.6% decline, halting reform efforts

  • Date: 02-Dec-2020
  • Source: Arab News
  • Sector:Tourism
  • Country:Egypt
  • Who else needs to know?

Egyptian tourism records 21.6% decline, halting reform efforts

Egyptian tourism records 21.6% decline, halting reform efforts

Egyptian tourism records 21.6% decline, halting reform efforts

Egyptian tourism records 21.6% decline, halting reform efforts

Tourists take a souvenir photo in front of the Great Giza pyramids on the outskirts of Cairo, Egypt. (Reuters/File)

Short Url

Follow @arabnews

Egyptian tourism records 21.6% decline, halting reform efforts

The repercussions of the outbreak negatively impacted Egypt's revenues from tourism, which were expected to continue to reach historical levels

Updated 02 December 2020

Follow @arabnews

CAIRO: Egyptian tourism revenues have declined by 21.6 percent during the last fiscal year due to the coronavirus pandemic, the country's central bank has said.

About 2.3 million Egyptian citizens also lost their jobs amid the pandemic during the fourth quarter of the fiscal year.

A report by the Central Bank of Egypt said that tourism and travel receipts recorded $9.85 billion in sales during the last fiscal year, compared to about $12.57 billion during the previous fiscal year, which was an all-time high.

The repercussions of the outbreak negatively impacted Egypt's revenues from tourism, which were expected to continue to reach historical levels.

In January, Danielle Curtis, director of the Arabian Travel Market in the Middle East, said that tourism revenues in Egypt would jump to $29.7 billion over the next five years