Egypt’s tourism revenues projected to decline to $11bn in FY 2020 due to COVID-19: Planning Minister

Egypt’s tourism revenues projected to decline to $11bn in FY 2020 due to COVID-19: Planning Minister

Business Egypt's tourism revenues projected to decline to $11bn in FY 2020 due to COVID-19: Planning Minister. Egypt's tourism revenues projected to decline to $11bn in FY 2020 due to COVID-19: Planning Minister. Comments Off on Egypt's tourism revenues projected to decline to $11bn in FY 2020 due to COVID-19: Planning Minister. Egypt's tourism revenues are projected to decrease to $11bn in the current fiscal year (FY) 2019/20 due to the coronavirus (COVID-19) crisis, according to Planning Minister Hala Al-Saeed on Monday.. Director and Head of Macroeconomic Analysis at EFG Hermes, Mohamed Abo Basha, told Daily News Egypt that he expects Egypt's tourism revenues to slow down.. According to CY 2019 figures, Egypt`s tourism sector achieved an average monthly revenue of roughly $1.3bn, which doubles in the high seasons, he noted..