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Egypt’s tourism revenues rise 170 percent: official

Tuesday 05-09-2017 - 03:14 PM
News Agencies
Egypt’s tourism revenues
Egypt’s tourism revenues rise 170 percent in first seven months of 2017 according to official
Cairo - Egypt’s tourism revenues jumped by 170 percent in the first seven months of 2017, reaching $3.5 billion, a government official told Reuters, in welcome news for an economy heavily reliant on the sector for foreign currency and jobs.

The number of tourists visiting Egypt rose by 54 percent in the same seven-month period on an annual basis to reach 4.3 million, he said, attributing the increase to visitors from Germany and Ukraine.

Europeans made up 75 percent of visitors while Arabs made up 20 percent, said the official, who asked not to be named.

Egypt hopes the number of tourists will reach 8 million in the whole of 2017, up from 4.5 million last year, he added.

Egypt hopes that its investments in airport security and the cheaper Egyptian pound will help lure back more tourists.

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