{"id":562132,"date":"2021-05-09T03:57:51","date_gmt":"2021-05-09T03:57:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/ka-ching\/"},"modified":"2021-05-09T03:57:51","modified_gmt":"2021-05-09T03:57:51","slug":"ka-ching","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/ka-ching\/","title":{"rendered":"Ka-ching"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Tourists\u2019 average spending in Egypt this<\/strong><strong> year<\/strong><strong> is expected to come in at USD 95 <\/strong><strong>per night<\/strong>, Deputy Tourism Minister Ghada Shalaby told the <a href=\"https:\/\/alborsaanews.com\/2021\/05\/08\/1440059\">local press<\/a>. This is nearly on par with the USD 100 tourists spent per night on average <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/08\/egypts-tourism-revenues-grew-50-y-o-y-to-usd-11-4-bn-in-2018\/\">in 2018<\/a>. Shalaby sees the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38a0aa7e-6bfb-4d8a-b4a6-fa2b37a2301b\">newly set minimum rate<\/a> of USD 40 per night for five star hotels and USD 28 for four star hotels helping to boost tourist spending and the country\u2019s total income from tourism. The deputy minister had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/146743c8-8fc0-46d6-ab09-1788aff56eff\">previously said<\/a> that Egypt was targeting tourism revenues of USD 6-7 bn this year as tourist volumes recover to around 60% of their pre-pandemic levels, while Tourism Minister Khaled El Enany said tourism could <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/093c4b68-9f7e-42a5-bcaa-05f89fb4b473\">return to pre-pandemic levels<\/a> as early as fall 2022.<\/p>\n<p><strong>Meanwhile, domestic tourism is getting a leg up until the end of the month with the extension of a government initiative to mark down airfare and hotel rates<\/strong> in a bid to support local tourism, according to a Tourism Ministry <a href=\"https:\/\/www.facebook.com\/moantiquities\/posts\/4066510743394545\">statement<\/a>. The initiative, launched last <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7209c6b0-dafd-43a8-9abc-8b3838fd7ef0\">January<\/a>, offers marked down plane tickets from Cairo and Alexandria to Luxor, Aswan, Hurghada, Sharm El Sheikh, Taba, and Marsa Alam. It was originally scheduled to run through 28 February before being extended until 15 May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tourists\u2019 average spending in Egypt this year is expected to come in at USD 95 per night, Deputy Tourism Minister Ghada Shalaby told the local press. This is nearly on par with the USD 100 tourists spent per night on average in 2018. Shalaby sees the newly set minimum rate of USD 40 per night [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":562133,"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":[72,568,397,238,797],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-562132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-enterpriseam","tag-ghada-shalaby","tag-khaled-el-anany","tag-tourism","tag-tourism-and-antiquities-ministry","wpautop","entry"],"acf":{"mongo_id":"7872bbf1-8700-4dfd-9930-3627eb093bf3","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/5\/71.jpg","photo_position":"above","related_issue":[562120],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ka-ching - 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\/2021\/05\/09\/ka-ching\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ka-ching\" \/>\n<meta property=\"og:description\" content=\"Tourists\u2019 average spending in Egypt this year is expected to come in at USD 95 per night, Deputy Tourism Minister Ghada Shalaby told the local press. This is nearly on par with the USD 100 tourists spent per night on average in 2018. 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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 &quot;SPEED ROUND: TOURISM&quot;","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":566621,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/04\/more-tourists-are-trickling-in-this-year\/","url_meta":{"origin":562132,"position":1},"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 &quot;SPEED ROUND: TOURISM&quot;","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":542935,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/tourism-revenues-returned-to-pre-pandemic-levels-in-2021\/","url_meta":{"origin":562132,"position":2},"title":"Tourism revenues returned to pre-pandemic levels in 2021","author":"enterpriseam admin","date":"25 January 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/321.jpg?fit=%2C&ssl=1&resize=350%2C200","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":562132,"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 &quot;Tourism&quot;","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":562276,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/tourism-revenues-still-below-2019-comps-but-el-enany-raises-2021-target\/","url_meta":{"origin":562132,"position":4},"title":"Tourism revenues still below 2019 comps, but El Enany raises 2021 target","author":"enterpriseam admin","date":"18 May 2021","format":false,"excerpt":"Tourism revenues in 1Q2021 are down almost 60% compared to pre-covid 1Q2019, with Egypt losing out on some USD 600 mn in revenues per month during the quarter compared to 2019 figures, Tourism and Antiquities Minister Khaled El Enany told Al Arabiya (watch, runtime 2:32). This puts our 1Q2021 tourism\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/136.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":562132,"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 &quot;Tourism&quot;","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\/562132","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=562132"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/562132\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/562120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/562133"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=562132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=562132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=562132"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=562132"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=562132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}