Egypt's CBE issues EGP5b FRN T-bonds    EHA launches national telemedicine platform with support from Egyptian doctors abroad    Madbouly reviews strategy to localize pharmaceutical industry, ensure drug supply    Egypt's real estate market faces resale slowdown amid payment pressures    Al-Mashat tells S&P that Egypt working to reduce external debt, empower private sector    Cairo's real estate market shows resilient growth as economy stabilizes: JLL    Egypt's Foreign Minister, Pakistani counterpart meet in Doha    Egypt condemns terrorist attack in northwest Pakistan    Emergency summit in Doha as Gaza toll rises, Israel targets Qatar    Egypt renews call for Middle East free of nuclear weapons، ahead of IAEA conference    Egypt's EDA, Korean pharma firms explore investment opportunities    Egypt's FM heads to Doha for talks on Israel escalation    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Govt: Unrest in Libya impacting Egypt''s tourism
Published in Almasry Alyoum on 01 - 03 - 2011

Libya's current turmoil will affect the scale of tourism activity in Egypt, said Samy Mahmoud, director of international tourism at the Egyptian Tourist Authority (ETA) on Tuesday.
Libya exports 450,000 tourists to Egypt annually, more than any other Arab country, said Mahmoud, and furthermore the industry will be generally affected by current tensions at the Arab region.
He told Al-Masry Al-Youm that the region's share of tourism will shift to other states, such as Turkey, the Emirates and Israel.
Arab nations have been rocked by pro-democracy protests that started in Tunisia in December 2010, spreading to Egypt, Libya, Yemen, Bahrain and Oman. Since 17 February, Libya's mass protests have developed into bloody encounters with security forces loyal to leader Muammar Qhadafi.
ETA's hotel sector director, Ahmed Attiyam, said hotels' occupancy rates remain low comparing to the same period last year, and consequentially there has been a drop in prices. Attiya said that the Ministry of Tourism does not possess a mechanism to control prices, leaving this to market forces.
Attiya predicted that prices will rebound as occupancy rates do. But he stressed that stability must be restored before tourists can be attracted easily to Egypt again.
On 17 February, another government report said Egypt lost over LE10 billion in its tourism, industry and construction sectors due to the 18-day mass pro-democracy protests that had led to the ouster of president Hosni Mubarak.
About 210,000 tourists left Egypt at the end of January, which meant tourism income plummeted by US$178 million (roughly LE1billion) in one week, according to the report by the Central Agency for Public Mobility and Statistics (CAPMAS).
What's more, February reservations were cancelled in late January, amounting to losses of US$825 million (LE4.8 billion). According to the report, tourist facilities were consequently forced to dismiss temporary staff and decrease salaries for permanent workers, meaning a total loss in income of LE70 million.


Clic here to read the story from its source.