46+ Egypt Revenue From Tourism
Pics. The central bank of egypt revealed that tourism revenues increased by $2.7 billion to reach $12.570 billion in fy 2019/2018, compared egypt has jumped nine places in the travel and tourism competitiveness index (ttci) released by the world economic forum (wef) in. Egypt's revenues from tourism from july to march 2017 reached about $ 7.25 billion, compared to $ 2.84 billion in the same period last year.
With all these improvements, however, egypt's tourism sector's performance is still below the numbers of 2010 where revenues from tourism stood at more than $11 bn. A unesco world heritage site, saint catherine's monastery lies at the foot of mount sinai in the egyptian region of the south sinai. At its peak in 2010 the sector employed about 12% of workforce of egypt serving approximately 14.7 million visitors egypt.
Egypt's tourism revenues jumped 83.3 percent in the first quarter of 2018 to $2.2 billion, a government official told reuters.
Meanwhile yasser sultan, partner director of egyptian valley company and member of the. Egyptian tourism minister zoheir garranah has said the country expects revenue from tourism to increase more than 17% this year as the world's economy shakes off the impact of the financial crisis, bloomberg has reported. The revenues from tourism tripled in the fiscal year that ended on 30th of june 2017 compared to last year. Tourism is one of the leading sources of income, crucial to egypt's economy.