Egypt's tourism revenue seen down by 35% in 2011

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Egyptian supporters of the ruler military council rally in Abassya in Cairo on December 2, 2011. (AFP/Getty Images)

Egyptian supporters of the ruler military council rally in Abassya in Cairo on December 2, 2011. (AFP/Getty Images)

Egypt expects to earn about $9bn from tourism in 2011, down by about a third on a year earlier after many visitors were deterred by an uprising that toppled Hosni Mubarak in February and unrest that followed, a senior official said on Tuesday.

Tourism is Egypt's top foreign currency earner, accounting for over a tenth of gross domestic product. Analysts say bookings for its beach resorts appear to have recovered faster than visits to areas along the Nile where most pharaonic ruins are found.

"We ended up the year 2010 with revenue of $12.5bn. This year so far we have had fluctuations in the number of visitors ... We started the year with a drop of 80 percent, then it got better through the year," Hisham Zaazou, senior assistant to the tourism minister, told Reuters.

"We expect around 30 to 35 percent less revenue than last year, which means it is going to be around $3.5bn to $4bn less, so we are speaking about a figure around $9bn," he added.

Tourism Minister Mounir Fakhry Abdel Nour, speaking at a news conference on Tuesday, said tourism had been threatened by some candidates in Egypt's parliamentary election who had made "irresponsible" statements, and he vowed to make sure the industry was not harmed.

Many Egyptians working in tourism have warned against what they said were threats by Islamic radicals to undermine the industry.

"We will continue to support the tourism sector, which is a main pillar of the Egyptian economy, and we will work hard to support it ... against anyone or anything that would destroy it," Abdel Nour said.

Islamists look set to have a strong showing in parliament, with the once-banned Muslim Brotherhood winning 37 percent of the vote in a first phase of balloting and the much more puritanical Salafis securing a surprise 24 percent.

There have been suggestions that an Islamist government in Egypt might restrict alcohol sales, mixed bathing and the wearing of revealing swimwear in the country's popular resorts, like Sharm el-Sheikh on the southern tip of the Sinai Peninsula. The Muslim Brotherhood has said these were not its agenda.

One prominent Salafi spokesman has suggested covering up ancient Egyptian statues, such as the Sphinx that guards the pyramids, saying they may be idolatrous.

He was later disavowed by members of the Salafist al-Nour party.

"Tourism creates jobs in the investment stage and the construction stage and jobs in the administration and service stage," Abdel Nour said.

A main challenge was "the irresponsible rhetoric by one faction or another that threatens the tourism sector," he said. "I assure people that this rhetoric does not express reality ... and is incapable of being implemented."

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearingTerms and conditions

Further reading

Features & Analysis

The Real deal: Real Madrid's $1bn RAK venture

The new $1bn Real Madrid Resort Island is Ras Al Khaimah’s biggest...

2

Oman: The land of plenty

From its sandy beaches to its mountain peaks, Oman’s landscape...

4
Abu Dhabi-based Rotana recently launched its first hotel in Erbil, Iraq

Iraq lures US hotel chains banking on business

Hotel operators betting on eventual explosion in travel to war...

Most Discussed
  • 142
    Etisalat warns customers of phone call scam

    I just got a call from this number +971507896582 stating that I won 500000AED and that i should check the back of my sim card for some numbers and call... more

    Friday, 25 May 2012 3:04 PM - haja
  • 39
    Saudi Arabia bans use of Western calendar

    Given that the start of the new month is determined by the moon sighting, isn't this going to make organising meetings for the following month a bit tricky... more

    Thursday, 24 May 2012 1:24 PM - Mark Renton
  • 20
    UAE officials warn against marrying foreigners

    I am a UAE national married to an Iranian and her unwavering allegiance is toward Iran and she does not espouse any Arab cause, the same applies with my... more

    Friday, 25 May 2012 11:54 PM - Yasser
  • 8
    English football mulls champagne prize ban

    Taking religion based decisions in such matters is wrong. It sends wrong signals and sets up bad precedence. What next? Will they stop serving beef in... more

    Friday, 25 May 2012 12:15 PM - Skand Bhargava
  • 3
    Dubai banks eye mortgages for foreign buyers

    There are so many promises with no substance out there that even none savvy buyers will think twice before taking risks on Dubai Real estate market. Too... more

    Friday, 25 May 2012 9:19 PM - Bob
  • 142
    Etisalat warns customers of phone call scam

    I just got a call from this number +971507896582 stating that I won 500000AED and that i should check the back of my sim card for some numbers and call... more

    Friday, 25 May 2012 3:04 PM - haja
  • 39
    Saudi Arabia bans use of Western calendar

    Given that the start of the new month is determined by the moon sighting, isn't this going to make organising meetings for the following month a bit tricky... more

    Thursday, 24 May 2012 1:24 PM - Mark Renton
  • 25
    Nakheel targets 'young and trendy' for Palm project

    Palm Jumeirah = Disneyland. Is this the kind of community to invest in for a home ???? or a hotel ? It baffles me why people would invest in an apartment... more

    Wednesday, 23 May 2012 4:13 PM - Paul
  • 20
    UAE officials warn against marrying foreigners

    I am a UAE national married to an Iranian and her unwavering allegiance is toward Iran and she does not espouse any Arab cause, the same applies with my... more

    Friday, 25 May 2012 11:54 PM - Yasser
  • 19
    Iran eyes Google legal action over Gulf naming

    Instead of clinging to anything that reminisces you of your obliterated past, why don't you spend sometime fixing your disgraceful and humiliating present... more

    Tuesday, 22 May 2012 9:30 PM - Fahd