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Egypt tourism recovery forecast for 2014

Profile Photo By: H L
May 24, 2013

Egypt tourism recovery forecast for 2014

While tourist numbers to Egypt have risen in the first four months this year, a full recovery would not be likely until at least 2014, according to economist forecasts.

The number of travellers visiting Egypt in the first four months of 2013 rose 11.8 percent from a year earlier, after falling by a third in the year after the uprising revolt, Reuters reported.

Tourism revenue rose 16.2 percent to approximately US$3.4 billion.

EFG-Hermes economist Mohamed Abu Basha said despite the positive results, the Easter holiday season had already passed and parliamentary elections would be held during winter.

?A full recovery would not be likely until at least 2014 and would depend partly on an improvement in the perception among foreigners of Egypt as a safe place to visit,? Mr Basha said.

Tourism in Egypt assists in covering costs for essential imported foods and fuel products.

Source =?e-Travel Blackboard: P.T.

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