{"id":547244,"date":"2022-06-14T04:20:57","date_gmt":"2022-06-14T04:20:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/good-news-everybody\/"},"modified":"2022-06-14T04:20:57","modified_gmt":"2022-06-14T04:20:57","slug":"good-news-everybody","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/14\/good-news-everybody\/","title":{"rendered":"Good news, everybody"},"content":{"rendered":"

<\/a> We could see an influx of Russian tourists this summer<\/strong> as Western sanctions imposed on Moscow prevent Russians from traveling to Europe, according to a report picked up by Zawya<\/a>. The number of Russians arriving in Egypt between 1 June and 31 August will rise 30% from the same period in 2019, ticket bookings data collated by travel insights company ForwardKeys shows.<\/p>\n

What they said: <\/strong>\u201cFrom a tourism perspective, Turkey, the UAE and Egypt have benefited from the invasion of Ukraine as Russians are still welcome there, while other favorite destinations, having imposed sanctions, are effectively off-limits,\u201d said VP of Insights at ForwardKeys Olivier Ponti.<\/p>\n

The UAE + Turkey to see the biggest surge in tourists:<\/strong> Data shows that bookings to Turkey have climbed 96% since 2019 while the UAE stands to see a 84% increase in visitors during the three-month period. Across the region, bookings have doubled from 2019.<\/p>\n

Both of these countries accept MIR:<\/strong> MIR \u2060\u2014 Russia\u2019s answer to Mastercard and Visa \u2060\u2014 has become essential for Russians traveling overseas due to Western sanctions and the decisions by payment companies to suspend operations<\/a> in Russia. This means that in most destinations Russians have no option but to use cash, but in countries that accept MIR like the UAE and Turkey allow them to make card payments and use ATMs. The service is beginning to be rolled out<\/a> in the UAE while most hotels in Turkey<\/a> now accept the cards.<\/p>\n

The Russian press is really playing up that we want their tourists: <\/strong>Egypt is reportedly considering being MIR-friendly, the deputy head of Russian travel agency Tez Tour Egypt Tamer Said was recently quoted by Russian media<\/a> as saying. Tourists could be able to use the cards by September, he reportedly told the Russian media.The finance and tourism ministries are reportedly discussing a plan to allow Russian companies to pay for hotels in RUB if they are unable to use USD, according to Russia\u2019s TASS<\/a>.<\/p>\n

The war in Ukraine <\/strong>has hit Egyptian tourism<\/a><\/strong>: Occupancy rates in the Red Sea fell to 35-40% after the war broke out due to the loss of Ukrainian and Russian tourists. The two countries accounted for more than 30%<\/a> of Egypt\u2019s annual visitors prior to the conflict.<\/p>\n

Egypt\u2019s tourism revenues are expected to more than double in FY 2021-2022<\/strong> from a year earlier, according to figures<\/a> announced by Finance Minister Mohamed Maait last month. The Finance Ministry is projecting revenues to reach USD 10-12 bn in the current fiscal year, up from USD 4.9 bn a year earlier, Maait said.<\/p>\n","protected":false},"excerpt":{"rendered":"

We could see an influx of Russian tourists this summer as Western sanctions imposed on Moscow prevent Russians from traveling to Europe, according to a report picked up by Zawya. The number of Russians arriving in Egypt between 1 June and 31 August will rise 30% from the same period in 2019, ticket bookings data […]<\/p>\n","protected":false},"author":1,"featured_media":547245,"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":[473,72,270,1095,238,218,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-bahrain","tag-enterpriseam","tag-russia","tag-russia-ukraine-war","tag-tourism","tag-turkey","tag-uae","wpautop","entry"],"acf":{"mongo_id":"5317d15d-67a2-435e-829f-bb301b0cd041","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/1600-sharm-el-sheikh-tourism.jpg","photo_position":"above","related_issue":[547225],"teaser":"","voice_url":""},"yoast_head":"\nGood news, everybody - 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\/06\/14\/good-news-everybody\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Good news, everybody\" \/>\n<meta property=\"og:description\" content=\"We could see an influx of Russian tourists this summer as Western sanctions imposed on Moscow prevent Russians from traveling to Europe, according to a report picked up by Zawya. 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Yup. It was a\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648010,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/negotiations-to-resume-flights-with-russia-stalling\/","url_meta":{"origin":547244,"position":1},"title":"Negotiations to resume flights with Russia stalling?","author":"enterpriseam admin","date":"25 May 2017","format":false,"excerpt":"Russians still playing hardball on resuming flights despite resurgence in Egypt tourism from other sources: Talks between Russia and Egypt are essentially going nowhere. That\u2019s our take based on remarks by Russia\u2019s Deputy Transportation Minister Valery Okulov carried in Sputnik Arabic, which suggest the Russians haven\u2019t grown bored with their\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632598,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/14\/tourists-heading-back-to-egypt-turkey-tui\/","url_meta":{"origin":547244,"position":2},"title":"Tourists heading back to Egypt, Turkey -Tui","author":"enterpriseam admin","date":"14 February 2018","format":false,"excerpt":"Turkey and Egypt are returning to popularity for UK holidaymakers, Tui\u2019s CEO Fritz Joussen says, according to travel portal TTG. \u201cWe see a return to Africa \u2014 in winter we see a return to Egypt quite significantly\u2026We also see a return to Turkey where we are still in the volume-building\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":[]},{"id":630415,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/19\/german-tourists-strong-demand-for-egypt-turkey-continues-in-march\/","url_meta":{"origin":547244,"position":3},"title":"German tourists\u2019 strong demand for Egypt, Turkey continues in March","author":"enterpriseam admin","date":"19 April 2018","format":false,"excerpt":"German tourists continued to show strong demand for travel bookings to Egypt and Turkey in March, according to tourism portal FVW. \u201cEgypt maintained its comeback of the last year with strong double-digit growth for both Hurghada and Marsa Alam. The main Red Sea destination airport saw a 44% [y-o-y] rise\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":[]},{"id":634165,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egypt-tunisia-turkey-expected-to-see-jump-in-british-tourist-arrivals-in-2018\/","url_meta":{"origin":547244,"position":4},"title":"Egypt, Tunisia, Turkey expected to see jump in British tourist arrivals in 2018","author":"enterpriseam admin","date":"8 January 2018","format":false,"excerpt":"Egypt, Tunisia, and Turkey are expected to see a jump in British tourist arrivals this year, after several years of political unrest and security concerns, ABTA says in its annual report (pdf) on travel trends. 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