URGENT: Egypt's annual core CPI inflation rises to 12.1% in October — CBE    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt's private medical insurance tops EGP 13b amid regulatory reforms – EHA chair    Egypt to issue EGP 6b in floating-rate T-bonds    Egypt signs outsourcing deals with 55 firms to create 70,000 jobs, boost digital exports    Egypt, Qatar intensify coordination as Gaza crisis worsens    Arabia Developments, ElSewedy join forces to launch industrial zone in New 6th of October City    Egypt, US's Merit explore local production of medical supplies, export expansion    Egypt, WHO discuss joint plans to support crisis-affected health sectors    Government to channel major share of Qatar deal proceeds toward debt reduction: Finance Minister    Germany, Egypt sign €50m debt swap for renewable energy grid connection    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Russia's Putin appoints new deputy defence minister in security shake-up    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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's unrest blights 2011 tourism revenue
Published in Daily News Egypt on 08 - 04 - 2011

CAIRO: Egypt's vital tourism industry, crippled by political turmoil, will suffer a 25 percent drop in revenue in 2011 and will need until September to get back on track, the tourism minister said in an interview on Thursday.
An 18-day popular uprising that forced out President Hosni Mubarak saw much of Egypt's economy grind to a halt and slashed tourism revenue for February by more than half.
March figures fell by 60 percent from last year, Mounir Fakhry Abdel Nour said.
With its Pharaonic antiquities and year-round warm beaches, Egypt relies on tourism as its top foreign currency earner, source of over a tenth of gross domestic product. It provides one in eight jobs in a country beset by high unemployment.
"Our revenues of 2010 were $12.5 billion, we should be 25 percent below that in 2011," Abdel Nour told Reuters, but said it could be pushed even lower.
"Egypt is in transition, at the end of the day, and any transition path could be bumpy," he said.
The turmoil that scared tourists away and prompted overseas warnings against visiting Egypt has abated. Tourists are dribbling back and most of the warnings have been lifted.
But hotel occupancy rates in the key Red Sea resorts of Hurghada and Sharm El-Sheikh, remain below 40 percent, Abdel Nour said.
"Until today, we have not recouped the normal pace of tourism in Egypt. That was expected and it is understandable. But we expect to be back on track by September."
Egypt is launching a global advertising campaign, pressing for the lifting of remaining travel bans and offering incentives to cut charter flight fees, the minister said.
Stability
The tourism ministry is working with young Egyptians who have launched an "Egypt is Safe" campaign, and is counting on bringing visitors to Cairo's Tahrir Square, the epicenter of protests, as an attraction.
"Tahrir square has become a target for tourists to visit, it has become a popular destination," Abdel Nour said, adding that social media were also being used to bring back tourists.
Google Inc, whose executive Wael Ghonim played a key role in Egypt's uprising, wanted to coordinate a marketing campaign with Egyptian tourism authorities and would help with selling airline tickets online, he said.
Egypt has coped with 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, severely damaging tourism.
From 2004 to 2006, there were a series of deadly bomb attacks at Red Sea resorts in the Sinai, but tourist bookings swiftly recovered.
Recovering from the political turmoil this time will be much more challenging and take more time, Abdel Nour said.
"The name of the game is peace and stability and until the tourist is convinced that security is restored to the country, we will not be able to recoup what we have lost," he said.
"We are doing whatever we can to inform the world that security is prevailing, that hotels and Egyptians are waiting to receive tourists," Abdel Nour said. "And with this effort, I expect the last quarter of the year to be excellent."


Clic here to read the story from its source.