Total tourism receipts in Egypt were $16.4 billion in 2019, and they will achieve an average 13% increase over the next five years, says Danielle Curtis, Exhibition Director Arabian Travel Market, which takes place at Dubai World Trade Centre 19-22 April 2020.
Egypt’s top source market is Germany with 2.48 million arrivals in 2019, a 46% increase over 2018 – their total spend in 2019 was $1.22 billion. German arrivals are forecast to reach 2.9 million by 2024 with a total projected spend of $2.18 billion. Following Germany, the second largest source market in 2019 was Ukraine, with 1.49 million visitors, almost 50% growth over the previous year. This remarkable rise has been mainly driven by the availability of direct flights, which resumed, after a two-year suspension, in April 2018.
While arrivals from Europe are expected to be the largest contributor on a regional basis, increasing from 6.2 million in 2018 to 9.1 million tourists in 2022, arrivals from the GCC at 11% will represent one of the highest growth rates. This year, GCC, led by Saudi Arabia, will spend $2.36 billion in Egypt, an increase of 11% over 2019. Visitors from Saudi Arabia to Egypt made 1,410 trips in 2019 with a forecast of 1.8 million tourists by 2024, a Compound Annual Growth Rate of 5%. In terms of tourism expenditure, Saudi Arabian visitors spent $633 million in 2019, estimated to grow to $1.13 billion by 2024.
“Over the last 12 months, Egypt’s tourism industry has witnessed remarkable growth, with arrivals up 57.5% from 11.3 million in 2018 to 17.8 million in 2019. Growth has been fuelled by the cheaper Egyptian Pound and government incentives for charter airlines operating international flights,” said Curtis.
The UK’s Department of Transport ended a ban on direct flights between the UK and Sharm El Sheikh on 22 October, 2019, and Sharm El Sheikh already leads the recovery, followed by Hurghada and then Cairo and Giza. http://www.arabiantravelmarket.com
AND: In readiness for even more business-business coming into Egypt, there are 15 standalone Presidential Villas at Almasa, a two-year old palace that was signed on 28 January 2020 to be St Regis. Government-owned, the hotel also has 360 bedrooms, plus modern-Eygptian, Italian, seafood and international restaurants, and it happens to be next to the 42,000-person convention centre in the no-name New Administrative Capital that Egypt is building 45 kilometres east of Cairo, http://www.stregis.com
For intimacy, however, Luxury Travel Essential recommends at least a couple of nights at El Fayoum, 90 kilometres west of Cairo – near Medinat Maati pharonic ruins. There, in Tunis Village, Fayoum, is the charming Lazib Inn Resort and Spa, overlooking Qaroon Lake. The eight-room boutique hotel is owned and managed by Olivier and Nanette Masson, who bought the three-hectare complex from Hans Von Fretschen in 2013 after spending many happy weekends there away from their Cairo base. Visit local artisans, including ceramicists and explore such local sites as Lake Faroum, 45m below sea level; and, nine kilometres away, the historic Palace of Qaroun.