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Egypt Tourism Report Q3 2015

59 Pages BMI Research July 15, 2015 SKU: BMI5630938

Egypt Tourism Report Q3 2015

BMI View: Egypt's tourism market is recovering well from the sharp declines seen in 2011 and 2013 whichfollowed in the wake of large political uprisings, the subsequent changes of government and decline ininternal security. With visitor numbers returning to growth, we are seeing renewed interest frominternational hotel developers, and a number of new projects are coming to the market. We currently expectboth inbound and outbound tourism to grow steadily over the forecast period, though we caution thisgrowth is dependent upon the maintenance of domestic security and political stability.

Egypt is very well established as a popular tourism destination. The country offers a broad choice ofattractions, ranging from the Great Pyramid of Giza, one of the Seven Wonders of the Ancient Worldthrough to the popular beach holiday resorts of Sharm el Sheikh. As such, with visitor confidence returning,it is no surprise that tourism numbers are climbing once again. At present, we expect to see tourism arrivalsgrow by 3% to just under 10.2mn in 2015, with similar growth expected throughout the remainder of theforecast period. The majority of arrivals will originate from the Europe region, benefiting from a multitudeof air travel connections as well as a well developed package holiday market.

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Egypt Tourism Report Q3 2015

BMI Research
July 15, 2015

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