{"id":542935,"date":"2022-01-25T03:57:44","date_gmt":"2022-01-25T03:57:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/tourism-revenues-returned-to-pre-pandemic-levels-in-2021\/"},"modified":"2022-01-25T03:57:44","modified_gmt":"2022-01-25T03:57:44","slug":"tourism-revenues-returned-to-pre-pandemic-levels-in-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/tourism-revenues-returned-to-pre-pandemic-levels-in-2021\/","title":{"rendered":"Tourism revenues returned to pre-pandemic levels in 2021"},"content":{"rendered":"

<\/a> It\u2019s official: Tourism is back.<\/strong> Tourism revenues surpassed USD 13 bn in 2021, returning to pre-pandemic levels, Al Borsa<\/a> reports Deputy Tourism Minister Ghada Shalaby as saying, citing a Reuters story. The sector has been recovering<\/a> on the back of the lifting of travel restrictions worldwide and mass vaccination programs at home and abroad. Tourism revenues hit a record high of USD<\/a>13.03<\/a>bn in 2019<\/a> before dropping nearly 70% in 2020<\/a> on the back of the pandemic.<\/p>\n

The recovery looks to have been faster than anyone expected:<\/strong> 2021 revenues eclipsed the USD 6-9 bn<\/a> target set by the ministry last summer. And lest we forget, this time last year the ministry wasn\u2019t hoping for a recovery in tourist numbers until the fall of 2022 \u2014 while others had said we might not see the sector bounce back until 2024<\/a>.<\/p>\n

Most of the revenues came in <\/strong>2H2021<\/strong>: <\/strong>Tourism revenues reached around USD 3.1 bn in 1H2021, according to balance of payments data \u2014 meaning that revenues in the second half of 2021 recorded at least USD 9.9 bn (surpassing the range the ministry had hoped to see for the full year.)<\/p>\n

What about arrivals?<\/strong> While we don\u2019t have any data on arrivals for the second half of the year, around 3.5 mn tourists visited the country during 1H2021, which is around the same number who visited during all of 2020<\/a>. Some 13 mn tourists visited Egypt in 2019.<\/p>\n

Helping drive the rebound: <\/strong>Russia lifted<\/a> its six-year ban on direct flights to Egypt\u2019s Red Sea destinations last July and resumed charter flights in November, bringing plane-loads of Russian tourists<\/a> to the country. In September, the United Kingdom took us off its travel \u201cred list,\u201d<\/a> leading to a 400% surge in Brits booking trips to Egypt and Turkey by December. Hotels got a major boost back in October, when the government began allowing them to operate at full capacity<\/a> for the first time in 18 months.<\/p>\n

And Omicron doesn\u2019t appear to have dented recovery: <\/strong>Despite Omicron\u2019s emergence in the last couple of months of the year, travel to our tourist hotspots<\/a> seemed to remain unaffected, with hotel occupancy rates estimated to have reached 70-75% across the Red Sea.<\/p>\n

We\u2019re poised to hit another record this year,<\/strong> according to remarks attributed to Shalaby suggesting that the opening of the Grand Egyptian Museum, slated for 2H2022<\/a> and the completion of the EGP 275 bn Sinai Development plan<\/a>. The inauguration of new tourist destinations such as El Galala<\/a> and new hotels in El Alamein will also drive growth in the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s official: Tourism is back. Tourism revenues surpassed USD 13 bn in 2021, returning to pre-pandemic levels, Al Borsa reports Deputy Tourism Minister Ghada Shalaby as saying, citing a Reuters story. The sector has been recovering on the back of the lifting of travel restrictions worldwide and mass vaccination programs at home and abroad. Tourism […]<\/p>\n","protected":false},"author":1,"featured_media":542936,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7377],"tags":[72,568,270,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-enterpriseam","tag-ghada-shalaby","tag-russia","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"37b4540a-9a64-4483-ab5c-d2cda507d0cc","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/321.jpg","photo_position":"above","related_issue":[542931],"teaser":"","voice_url":""},"yoast_head":"\nTourism revenues returned to pre-pandemic levels in 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/tourism-revenues-returned-to-pre-pandemic-levels-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tourism revenues returned to pre-pandemic levels in 2021\" \/>\n<meta property=\"og:description\" content=\"It\u2019s official: Tourism is back. 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This is a slightly ambitious target, as around 500k tourists visited Egypt in the first two months of 2021, generating USD 600-800\u2026","rel":"","context":"In "SPEED ROUND: TOURISM"","block_context":{"text":"SPEED ROUND: TOURISM","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561983,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/28\/russians-returning-to-sharm-could-reel-in-usd-3-bn-goldman-sachs\/","url_meta":{"origin":542935,"position":3},"title":"Russians returning to Sharm could reel in USD 3 bn -Goldman Sachs","author":"enterpriseam admin","date":"28 April 2021","format":false,"excerpt":"The full resumption of Russian flights to Egypt could eventually generate some USD 3 bn in tourism revenues, according to Goldman Sachs research picked up by Ahram Online. The report, which estimates that each Russian tourist spends on average about USD 1k per trip, notes that there is \u201cuncertainty\u201d on\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/295.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566621,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/04\/more-tourists-are-trickling-in-this-year\/","url_meta":{"origin":542935,"position":4},"title":"More tourists are trickling in this year","author":"enterpriseam admin","date":"4 July 2021","format":false,"excerpt":"Egypt\u2019s tourism revenues reached USD 3.5-4 bn in 1H2021, Deputy Tourism Minister Ghada Shalaby told Reuters. This is up from USD 2.6 bn in 1H2020, according to Egypt\u2019s FY2019-2020 balance of payments (pdf). Meanwhile, some 3.5 mn tourists visited the country from January to June. She notes that each tourist\u2026","rel":"","context":"In "SPEED ROUND: TOURISM"","block_context":{"text":"SPEED ROUND: TOURISM","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/311.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561331,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/egypt-has-made-up-to-usd-800mn-from-500k-tourists-visiting-egypt-in-2021-so-far\/","url_meta":{"origin":542935,"position":5},"title":"Egypt has made up to USD 800mn from 500K tourists visiting Egypt in 2021 so far","author":"enterpriseam admin","date":"4 April 2021","format":false,"excerpt":"Some 500k tourists visited Egypt in 1Q2021, generating USD 600-800 mn in tourism revenues, Deputy Tourism Minister Ghada Shalabi told Sky News Arabia on Thursday.For comparison: This is roughly on par with the USD 800 mn brought in by the sector in 3Q2020, and is a lot better than the\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542935"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542935\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542936"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542935"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542935"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}