ETAA bans tourism companies from reducing prices to exaggeratedly low rates

The Egyptian Travel Agencies Association (ETAA) has issued a decision banning tourism companies from slashing prices to rates which hurt the economy, Al Mal reported. Companies that fail to comply will be subject to investigation and forced to amend their prices. Slashing prices has been a popular strategy among tourism companies looking to attract higher volumes of tourists following the post-2011 tourism slump.