Tourism outlook for Egypt
Posted: Sat Aug 12, 2017 9:25 am
The tourism outlook for Egypt is looking better than it has for some time.
Another thread mentioned the investment of $800 million by Saudi businessman Prince Al-waleed bin Talal in hotels in Sharm & the North Coast. Now we have:
"CAIRO (Reuters) - Hilton Worldwide (HLT.N) plans to nearly double the number of its hotels in Egypt within seven to 10 years as tourism returns to levels seen before a 2011 uprising, the company's deputy head for Egypt and North Africa said."
"But Mohab Ghali, vice president of operations for Egypt and North Africa, expects occupancy rates to improve from last year, especially in Cairo and Alexandria, but also in Hurghada and Marsa Alam, helped by a devaluation of the currency making holidays cheaper."
https://www.reuters.com/article/us-egyp ... SKBN1AP1WQ
No mention of Luxor, I'm afraid....still plagued by the problem of (lack of) easy affordable access.
2016 was a dreadful year. Following the Sinai plane crash in Oct 2015, Tourist numbers plumeted to 5.3 million compared to 9.3 million the previous (2015) year.
But 2007 is on target to recover to 2015 levels...and beyond.
https://tradingeconomics.com/egypt/tourist-arrivals
We're used to over-optimistic predictions by the Egyptian tourist authorities, but the signs are encouraging. A resumption of UK/Russian flights to Sharm would give an enormous boost.
Maybe the drip-drip of negative news conveying the impression that Egypt is not safe has reached saturation point. Its impact has leveled out and holidaymakers look around and think....is Egypt really any less safe than anywhere else in the world nowadays?
Another thread mentioned the investment of $800 million by Saudi businessman Prince Al-waleed bin Talal in hotels in Sharm & the North Coast. Now we have:
"CAIRO (Reuters) - Hilton Worldwide (HLT.N) plans to nearly double the number of its hotels in Egypt within seven to 10 years as tourism returns to levels seen before a 2011 uprising, the company's deputy head for Egypt and North Africa said."
"But Mohab Ghali, vice president of operations for Egypt and North Africa, expects occupancy rates to improve from last year, especially in Cairo and Alexandria, but also in Hurghada and Marsa Alam, helped by a devaluation of the currency making holidays cheaper."
https://www.reuters.com/article/us-egyp ... SKBN1AP1WQ
No mention of Luxor, I'm afraid....still plagued by the problem of (lack of) easy affordable access.
2016 was a dreadful year. Following the Sinai plane crash in Oct 2015, Tourist numbers plumeted to 5.3 million compared to 9.3 million the previous (2015) year.
But 2007 is on target to recover to 2015 levels...and beyond.
https://tradingeconomics.com/egypt/tourist-arrivals
We're used to over-optimistic predictions by the Egyptian tourist authorities, but the signs are encouraging. A resumption of UK/Russian flights to Sharm would give an enormous boost.
Maybe the drip-drip of negative news conveying the impression that Egypt is not safe has reached saturation point. Its impact has leveled out and holidaymakers look around and think....is Egypt really any less safe than anywhere else in the world nowadays?