African agribusiness market expected to reach $1tr by 2030    Price cuts underway across Egypt, says trade federation report    Egypt sets $12bn target for ready-to-wear garment exports by 2031    Egypt's PM reviews plan to slash prices across key consumer goods    Zelenskyy seeks US security guarantees as Trump says he can 'end war now'    Israelis protest for hostage deal amid growing pressure on Netanyahu    Serbia's Vucic vows 'tough measures' against protesters after unrest    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt delivers over 30 million health services through public hospitals in H1 2025    Egypt joins Geneva negotiations on Global Plastics Treaty, calls for urgent agreement    Egypt recovers collection of ancient artefacts from Netherlands    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    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    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    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.



Don't neglect tourism
Published in The Egyptian Gazette on 28 - 12 - 2012

THE chronic economic crisis facing the country shouldn't distract the Government from taking some major steps to re-float the tourism sector and prevent it from going bankrupt.
A few days ago, the press wrote about the crisis facing the hotel sector in Upper Egypt, especially the Nile Cruisers, which has driven the owners of 286 floating hotels to put them up for sale, because they can no longer afford to operate them.
At this time of the year, these hotels used to complain that they were too full, as countless foreign tourists would come year to spend their Christmas and New Year holidays in the warm southern cities of Luxor and Aswan.
However, the chaos since last year's revolution, the repeated strikes, the cutting of railway lines and Nile Cruisers being prevented to weigh anchor have taken their toll.
What has made matters worse is the sudden increase in the price of diesel used to fuel the boats. Few of the 316 cruisers that used to run between Luxor and Aswan are still in operation.
Despite the crisis, investors still have to pay their taxes, rates and electricity bills. Banks threaten to blacklist those investors who take out loans but then welch on the repayments.
If it really is serious about dealing with the chronic economic crisis, the Government shouldn't neglect the tourism sector.
The banks should reschedule the debts of struggling investors, even offering them new facilities to enable them to continue operating their hotels, rather than having to sack their workers, while governmental bodies should wait till the crisis is over before making these investors pay their dues.
The only good thing about this crisis is that it has made the Muslim Brotherhood rulers realise just how vital tourism is to the economy, employing millions of people and paying the Government a lot of tax.
In the meantime, the mid-year holiday must be exploited to promote domestic tourism to Upper Egypt. Discounts on air and train tickets will encourage families to take their children to visit Upper Egypt's wonderful monuments.


Clic here to read the story from its source.