In a first, Egypt among top 10 most popular travel destinations in MasterCard Institute rankings

In a first, Egypt among top 10 most popular travel destinations in MasterCard Institute rankings

Egypt has successfully reached the list of the ten most popular tourist destinations for 2023, taking seventh place according to a MasterCard Economics Institute report, the first time Egypt has made the ranking since the report began.

The MasterCard Economics Institute released its Travel Industry Trends 2023 Report, which provides a snapshot of global travel amid ongoing economic changes, the reopening of China’s borders and rising consumer demand – including those in the Middle East and North Africa region.

According to the report, consumers are benefiting from the return of the traditional travel system in 2023, with priority for leisure travel as they wish to travel to new destinations around the world.

The continuous demand for leisure travel was the most prominent scene for the tourism sector this year, it added.

Business travel came in second place directly after leisure tourism, as it rebounded during the second half of 2022, particularly in cultures that still prioritize returning to the office.

In light of economic fluctuations that cast a shadow on various markets, the report stated that the reopening of China’s borders is expected to contribute to driving the growth of the global travel sector.

The key takeaways revealed by the report:

• The desire to travel to