{"id":593515,"date":"2019-10-01T04:00:52","date_gmt":"2019-10-01T04:00:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/egypts-tourism-sector-expected-to-grow-30-in-2019-says-al-mashat\/"},"modified":"2019-10-01T04:00:52","modified_gmt":"2019-10-01T04:00:52","slug":"egypts-tourism-sector-expected-to-grow-30-in-2019-says-al-mashat","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/egypts-tourism-sector-expected-to-grow-30-in-2019-says-al-mashat\/","title":{"rendered":"Egypt\u2019s tourism sector expected to grow 30% in 2019, says Al Mashat"},"content":{"rendered":"

<\/a> Egypt's tourism sector should claw its way back to its pre-crisis high-water mark by the end of this year<\/b>, Tourism Minister Rania Al Mashat said during a Bloomberg TV interview yesterday (watch, runtime: 3:43<\/a>). Al Mashat attributed the \u201cquite steep\u201d rebound in the industry to the legislative and administrative reforms implemented under Egypt\u2019s Tourism Reform Program, her ministry\u2019s long-term policy framework aimed at overhauling the sector. The program also helped to improve tourism infrastructure, and focused on branding and promotion for the country. Egyptian Travel Agencies Association boss and Blue Sky Chairman Hossam El Shaerthis week said<\/a> that tourist arrivals have increased some 30% y-o-y so far this year.<\/p>\n

Thomas Cook\u2019s bankruptcy is unlikely to have a lasting impact the industry.<\/b> Al Mashat downplayed the potential losses of thousands of British tourists as a result of Thomas Cook\u2019s recent liquidation<\/a>. The country is facing the prospect of losing 100k tourists that were expected to book via Thomas Cook next year, while 25k reservations booked up to April 2020 have been cancelled. \u201cThe bankruptcy that happened in the British markets not only affects Egypt but other countries\u2026 we had invested time in the past few years to diversify the markets where tourism comes from. British tourists are not the main tourists to Egypt anymore,\u201d she said. Former ministry undersecretary Magdi Selim said the loss of Thomas Cook was bound to a negtive, if short-lived, impact on the sector: \u201cThe collapse of a leading company like Thomas Cook will inevitably affect tourism in Egypt, but this will be temporary,\u201d he told Al Monitor<\/a>.<\/p>\n

Companies are already bidding to fill Thomas Cook-shaped hole in Egypt\u2019s tourism sector:<\/b> A number of multinational companies have begun competing to fill the void in Egypt\u2019s tourism market left behind by Thomas Cook, said Ahmed El Wassif<\/a>, head of the Egyptian Tourism Federation. British package travel operators easyJet Holidays and Jet2holidays are among the candidates to pick up the slack, according to TTG<\/a>. Bassem Halaka, president of the Travel Agents Trade Union, told Al Monitor that it may only take \u201cup to two months\u201d for new operators to come in and take Thomas Cook\u2019s place.<\/p>\n

The situation isn\u2019t great for Blue Sky:<\/b> Thomas Cook\u2019s local operator Blue Sky Group is owed EGP 125 mn by the now defunct company, El Shaer said yesterday without providing further details, according to Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt's tourism sector should claw its way back to its pre-crisis high-water mark by the end of this year, Tourism Minister Rania Al Mashat said during a Bloomberg TV interview yesterday (watch, runtime: 3:43). Al Mashat attributed the \u201cquite steep\u201d rebound in the industry to the legislative and administrative reforms implemented under Egypt\u2019s Tourism Reform […]<\/p>\n","protected":false},"author":1,"featured_media":593516,"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":[72,348,223,2380,9378,238,797],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-gdp","tag-rania-al-mashat","tag-speed-round","tag-thomas-cook","tag-tourism","tag-tourism-and-antiquities-ministry","wpautop","entry"],"acf":{"mongo_id":"94129d5a-6e7e-4a10-b92a-d55f5354ac3d","is_powered_by":true,"section_story_id":"e3c6ceb7-e20a-4ed2-b37a-040660ebf5d1","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/9\/2491.jpg","photo_position":"above","related_issue":[593506],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s tourism sector expected to grow 30% in 2019, says Al Mashat - 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\/2019\/10\/01\/egypts-tourism-sector-expected-to-grow-30-in-2019-says-al-mashat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s tourism sector expected to grow 30% in 2019, says Al Mashat\" \/>\n<meta property=\"og:description\" content=\"Egypt's tourism sector should claw its way back to its pre-crisis high-water mark by the end of this year, Tourism Minister Rania Al Mashat said during a Bloomberg TV interview yesterday (watch, runtime: 3:43). 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The five-pillar strategy focuses on institutional and legislative reforms, ramping up tourism promotion campaigns, developing tourism infrastructure, and rebranding Egyptian tourism to come\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\/2018\/12\/RaniaAlMashat-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621418,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/07\/egypts-tourism-sector-to-contribute-15-of-gdp\/","url_meta":{"origin":593515,"position":5},"title":"Egypt\u2019s tourism sector to contribute 15% of GDP","author":"enterpriseam admin","date":"7 November 2018","format":false,"excerpt":"Tourism revenues are expected to contribute 15% of Egypt\u2019s total GDP this year if tourist arrivals continue rising at their current pace, Tourism Minister Rania Al Mashat said, according to Reuters. Total tourist arrivals could surpass 10 mn for the first time in six years, the minister said. Al Mashat\u2019s\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\/593515","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=593515"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/593515\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/593506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/593516"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=593515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=593515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=593515"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=593515"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=593515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}