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Egypt’s tourism revenues hit $7.6 bln، jump 123.5% in 2017

Sunday 14/January/2018 - 02:19 PM
Sada El Balad
Hassanein Tayea
High-level official source said that Egypt’s revenues of tourism sector jumped 123.5 %، hitting $7.6 billion in 2017.

The number of tourists who visited Egypt in that time increased 54 % to register 8.3 million tourists in 2017، the official said.

Tourism is one of Egypt’s main foreign currency sources that suffered from several blows in recent years. It was hit hard by a Russian travel ban، in place since November 2015، after a Russian airliner was downed over Sinai، killing all 224 people on board.

However، Russia has agreed to the resumption of direct flights to Egypt last month in a positive sign for the sector.

Russian transport minister Maxim Sokolov said flights between Moscow and Cairo could restart by early February on both EgyptAir and Aeroflot، the Russian carrier. The ban، however، was not lifted on flights to the popular Red Sea resort of Sharm El-Sheikh، but it is expected to be lifted soon.

Around 5.9 million tourists visited Egypt during the first nine months of 2017، already an improvement on 2016 which saw only 5.4 million tourists throughout the year، according to figures from the Central Agency for Public Mobilization and Statistics (CAPMAS).

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