Egypt could add 20-30k new hotel rooms during 2019, 2020

Egypt has added 10-15k new hotel rooms so far this year and is aiming for a similar increase in 2020, Egyptian Tourism Federation boss Ahmed El Wassif told Reuters Arabic. The tourism sector has continued to recover over the past few years, with revenues surpassing 2010 levels to reach a record USD 12.6 bn in FY 2018-2019. “Tourism has recovered, but the sector is looking for more in terms of tourist numbers, revenues and market diversification,” he said. El Wassif also called for a tourism licensing law, which he believes will generate more investment in Egypt’s tourism sector.