Egypt, Uganda strengthen water cooperation, address Nile governance    Al-Sisi accuses Israel of 'systematic genocide' in Gaza as blockade tightens, global pressure mounts    Egypt, Vietnam upgrade ties to comprehensive partnership    Madbouly, Luong discuss roadmap for Egypt Vietnam comprehensive partnership    Egypt to host 21st Association of Power Utilities of Africa Conference on 26 September    Egypt's ICT ministry, Dell conclude 3rd AI capacity-building initiative    Egypt, Philippines explore deeper pharmaceutical cooperation    Wayak Communications Shines Bright with Dual Wins at 2025 MEA Markets Awards    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Gold prices fall slightly on Tuesday    Sterling steady on Tuesday ahead of BoE decision    Egypt's Foreign Minister discusses Nile water security with Ugandan president    Egypt, Cuba explore expanded cooperation in pharmaceuticals, vaccine technology    Egyptians vote in two-day Senate election with key list unopposed    More US Democrats urge Trump administration to recognise Palestinian state    Egypt's PM reviews efforts to support local pharmaceutical industry    Korean Cultural Centre in Cairo launches folk painting workshop    Egyptian Journalist Mohamed Abdel Galil Joins Golden Globe Voting Committee    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    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.



Egypt unrest leads to plunge in Feb tourism revenue
Published in Daily News Egypt on 07 - 04 - 2011

CAIRO: Egypt's tourism revenue fell by more than half in February as political turmoil frightened tourists away and prompted countries to warn their citizens against visiting the country, the government said on Wednesday.
An 18-day popular uprising and the ouster of former president Hosni Mubarak saw much of Egypt's economy grind to a halt and also hit its tourism industry, a top foreign currency earner and source of over a tenth of gross domestic product.
The number of tourists visiting Egypt in February slumped to 211,000 from 1.1 million in the same month last year, the state statistics agency said in a faxed statement.
The state statistics agency said tourism spending fell in the month to $385 million compared with $825 million in February 2010.
A slide in foreign exchange earnings has helped weaken the Egyptian pound by 2.45 percent against the dollar since the start of the political turmoil.
Egypt earned nearly $11 billion from tourism in 2009, according to the Tourism Ministry, and more than 7 million tourists visited in the first half of 2010.
Egypt had been aiming to attract 15 million visitors for the full year.
In the months before the crisis, Egypt brought in about $280 million a week from tourism. Many foreign governments have recently lifted or curtailed their travel warnings.
Egypt has had to tackle a number of tourism scares in recent years. In 1997, gunmen killed 58 tourists and four Egyptians at an ancient temple near the southern town of Luxor, all but wiping out tourism for months. From 2004 to 2006, there was a series of deadly bomb attacks at Red Sea resorts in the Sinai, but tourist bookings very swiftly recovered.


Clic here to read the story from its source.