Spending by the average visitor to Egypt rose by 7.5% y-o-y to USD 88.20 a day in 1H2017, Tourism Ministry officials tell Daily News Egypt. The increase was driven by a change in the tourist demographic visiting Egypt, they said, explaining that there has been an influx in visitors from Japan, China, and the Gulf recently. The central bank had announced yesterday that tourism receipts for FY2016-17 grew by 16.2% y-o-y as the result of improved tourist arrival figures between January and June 2017.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
Africa’s corporate debt market is just 0.3% of the world’s, with Egypt’s share more than halved since 2010
The OECD puts Africa’s market-based corporate debt at USD 211…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…