Why are we bending over backwards to bring back tourism? (Or: Quite possibly the dumbest op-ed AMAY has ever run.) In return for complying with other countries’ demands to beef up security in order to lift travel warnings, Egypt should set its own terms and conditions for returning tourists, Abbas El Tarabily — who has never heard of the term ‘buyer’s market’ in his life — writes in an op-ed for Al Masry Al Youm that suggests he needs to be briefed on what the lack of tourism has done to the economy. El Tarabily says we should immediately hike the prices of hotel rooms and all touristic activities, as the prices currently in place are among the lowest worldwide. Somebody please explain to him the basics of supply and demand.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA issues model short-selling contract, with launch weeks away
Contract wording is settled; the launch now waits on the…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…