{"id":571805,"date":"2020-06-01T04:38:24","date_gmt":"2020-06-01T04:38:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/egypts-tourism-industry-could-suffer-losses-of-75-100-in-2020\/"},"modified":"2020-06-01T04:38:24","modified_gmt":"2020-06-01T04:38:24","slug":"egypts-tourism-industry-could-suffer-losses-of-75-100-in-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/egypts-tourism-industry-could-suffer-losses-of-75-100-in-2020\/","title":{"rendered":"Egypt\u2019s tourism industry could suffer losses of 75-100% in 2020"},"content":{"rendered":"

<\/a> Under a best-case scenario with the ongoing pandemic, Egypt\u2019s tourism industry is <\/strong>expected to lose out on c.73% of its revenue in 2020<\/strong>, according to a report (pdf)<\/a> from the National Planning Institute. The best-case scenario would entail a recovery beginning in 3Q2020 with flights resuming by mid-June or early July. The persistence of the pandemic would still put a damper on leisure travel, however, and would result in the country\u2019s tourism industry closing out the year with USD 3.45 bn in revenues. Under a less optimistic scenario, normal life and travel would fully resume by 4Q2020, which would give Egypt 25% of its regular tourist arrival and income. This scenario assumes a total of 750k tourist arrivals and USD 3.1 bn in revenues throughout the year. The final (and worst-case) scenario, which assumes the virus continues to spread aggressively until December and travel restrictions remain in place until the end of the year, would result in a 100% y-o-y drop in Egypt\u2019s tourist arrival figures from April until December.<\/p>\n","protected":false},"excerpt":{"rendered":"

Under a best-case scenario with the ongoing pandemic, Egypt\u2019s tourism industry is expected to lose out on c.73% of its revenue in 2020, according to a report (pdf) from the National Planning Institute. The best-case scenario would entail a recovery beginning in 3Q2020 with flights resuming by mid-June or early July. The persistence of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[528,107,72,297,5215,2380,238,9282,234],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571805","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-aviation","tag-covid-19","tag-enterpriseam","tag-europe","tag-national-planning-institute","tag-speed-round","tag-tourism","tag-tourist","tag-travel","wpautop","entry"],"acf":{"mongo_id":"ab4985e8-a58e-4546-954e-724b242197f3","is_powered_by":true,"section_story_id":"3ccf7b90-2727-4961-9d8f-15a3f0b67a45","story_type":"1","photo_url":"","photo_position":"above","related_issue":[571798],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s tourism industry could suffer losses of 75-100% in 2020 - 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\/2020\/06\/01\/egypts-tourism-industry-could-suffer-losses-of-75-100-in-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s tourism industry could suffer losses of 75-100% in 2020\" \/>\n<meta property=\"og:description\" content=\"Under a best-case scenario with the ongoing pandemic, Egypt\u2019s tourism industry is expected to lose out on c.73% of its revenue in 2020, according to a report (pdf) from the National Planning Institute. 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