US reaches "massive deal" with Japan    UK pay settlements stagnant amid inflation surge    Egyptian pound opens flat on July 23    Egypt's Sisi sends message to Burkina Faso leader on boosting ties    Egypt's current account gap narrows, but overall BoP records deficit    Egypt hosts international neurosurgery conference to drive medical innovation    World Bank proposes Egypt join new global health initiative    Egypt, India discuss expanding industrial, investment partnerships    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    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    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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.



Tourist arrivals drops by 69.7% in September: CAPMAS
Published in Daily News Egypt on 30 - 11 - 2013

The latest tourism report issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) showed that the rates of tourists visiting Egypt declined by 69.7% in September.
The statistical report indicated that the total number of tourists totalled 301,150, with the main drop attributed to the decline in the percentage of Europeans tourists visiting Egypt. The number of European tourists decreased from 421,539 in August, comprising 74.7% of the total number tourists, to 159,752 in September, which is only 53%.
The number of Arab tourists also dropped from 101,925 to 99,294 from August to September, while American tourists decreased from 17,887 to 12,031 during the same period.
In September 2012, the total number of tourists in Egypt reached 975,259.
The drop in the number of tourists has been consistent in recent months; in July and August 2013, tourist arrivals have declined considerably, by 24.5% and 45.6% respectively.
September's decline follows the violent dispersal of supporters of former President Mohamed Morsi from Rabaa Al-Adaweya and Al-Nahda Squares on 14 August. This led to several countries, including Germany, Russia, France, Spain, Sweden and Italy to warn travel agencies to stop selling holiday packages to Egypt.
European countries such as Holland, Belgium, the Czech Republic, Spain and Portugal have begun to gradually lift the travel alert.
The drop in tourist arrivals has affected several companies, the latest of which is Orascom Development Holding, which announced a 13.2% decrease in revenues, from CHF 189.6m to CHF 164.7m, during the first nine months of 2013. The company stated that the fall in revenues was due to the declining tourism sector.
"With Egypt in specific, the group has endured two challenging years with the current political situation and its inevitable effect on the economy, with security and political uncertainty being the primary issues of concern for tourists and investors alike," the company said.
Orascom Development's profits in the hotel sector reached CHF 96.5m, a 7.6% decline compared to CHF 104.5m the company earned in 2012.


Clic here to read the story from its source.