Egypt emerges as a prime budget-friendly destination for European tourists: Data from Germany-headquartered tourism group TUI shows that European travelers on a budget are flocking over to countries including Egypt, Tunisia, and and Bulgaria for their annual breaks rather than countries like Spain, where the cost of a trip remains at a “significantly higher level” compared with 2019, The Guardian writes.

“We also see quite often new customers who have less income but still want to travel, and they have a budget of EUR 800-1k per vacation, and if they don’t see it in Spain, then they look for alternatives, and they find alternatives,” the publication quotes Tui CEO Sebastian Ebel as saying.

Egypt has big tourism ambitions for the remainder of the decade: The Madbouly government plans to attract 25 mn tourists annually by 2030.

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