{"id":608999,"date":"2023-10-29T00:00:00","date_gmt":"2023-10-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis\/"},"modified":"2023-10-29T00:00:00","modified_gmt":"2023-10-29T00:00:00","slug":"this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis\/","title":{"rendered":"THIS EVENING: Egypt\u2019s tourism is dealt a blow with reservations plummeting by 50% due to the regional crisis"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, wonderful people. <\/strong>We hope the first workday of the week has treated you better than Israel\u2019s war in Gaza is treating the tourism industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egyptian travel giant Travco has seen cancellations for reservations through the end of <\/strong><strong>the year hit the 50% mark<\/strong> as holidaymakers look to other corners of the world on concerns above Israel\u2019s war on Gaza, <a target=\"_blank\" href=\"https:\/\/tinyurl.com\/mr4ak273\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s canceling? <\/strong>Holidaymakers from Germany, England, Belgium, and Sweden are the primary sources of cancellations, the business news outlet quotes Travco boss Hamed El Chiaty as saying.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Watch this space: <\/strong>Cancellations could spill over to next year, as bookings for the new year have slowed down significantly since the outbreak of hostilities, El Chiaty reportedly added. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD remains the war in Israel<\/strong>, where western media report that Israel is stepping up the \u201curgency\u201d with which it is warning residents to flee to the south (nearer the border with Israel) as IDF troops \u201cexpand\u201d operations on the ground in Gaza for a second day. Israeli PM Benjamin Netanyahu may not be calling it a full-on ground invasion just yet (he\u2019s <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/725ec69a-2e19-4002-aa73-62156d4cfe3f\" style=\"\" rel=\"noopener\">too busy throwing Shin Bet under the bus<\/a> for its failure to prevent Hamas\u2019 7 October attack), but it\u2019s certainly starting to feel like one.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Need more? <\/strong>Check out the live blog at the <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/live\/2023\/10\/29\/world\/israel-hamas-war-gaza-news\" style=\"\" rel=\"noopener\">New York Times<\/a> if you don\u2019t want to wait for tomorrow\u2019s EnterpriseAM. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>The Central Bank of Egypt (CBE) has eased its restrictions on credit card use abroad<\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1e47177c-5303-472c-a810-72f84824becc\" style=\"\" rel=\"noopener\">that triggered a flight to the greenback and caused the EGP to weaken significantly<\/a> in the parallel market.<\/li>\n<li><strong>The private-sector minimum wage will rise by 17% starting January 2024<\/strong> after the National Council for Wages (NCW) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/458f9250-681e-4b02-8276-0297c9a55908\" style=\"\" rel=\"noopener\">decided to raise the threshold for the third time in less than a year to support workers amid soaring inflation<\/a>.<\/li>\n<li><strong>President Abel Fattah El Sisi warned against the potential widening of the conflict <\/strong>after two drones crashed in Taba and Nuweiba on Friday morning, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/facf909e-998b-49cb-981a-0e53bc3aa4b9\" style=\"\" rel=\"noopener\">causing explosions and injuring six people<\/a>.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n  <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>\n <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>?\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>Looks like the temperature will be rising to a high of 32\u00b0C in the daytime and dropping to 23\u00b0C in the evening, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, wonderful people. We hope the first workday of the week has treated you better than Israel\u2019s war in Gaza is treating the tourism industry. Egyptian travel giant Travco has seen cancellations for reservations through the end of the year hit the 50% mark as holidaymakers look to other corners of the world on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":609000,"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":[7213],"tags":[633,11720,238,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-608999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-israeli-palestine-war","tag-tourism","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"40908f37-ed0b-4644-8eb9-561da6c2c4ba","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2022\/11\/586.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[608997],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.0dfdd3a9-cabc-43b7-a0e7-1b95e45a613b.mp3"},"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>THIS EVENING: Egypt\u2019s tourism is dealt a blow with reservations plummeting by 50% due to the regional crisis - 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\/2023\/10\/29\/this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Egypt\u2019s tourism is dealt a blow with reservations plummeting by 50% due to the regional crisis\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, wonderful people. We hope the first workday of the week has treated you better than Israel\u2019s war in Gaza is treating the tourism industry. Egyptian travel giant Travco has seen cancellations for reservations through the end of the year hit the 50% mark as holidaymakers look to other corners of the world on [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-29T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/586.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"THIS EVENING: Egypt\u2019s tourism is dealt a blow with reservations plummeting by 50% due to the regional crisis\",\"datePublished\":\"2023-10-29T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis\/\"},\"wordCount\":420,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/586.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"Israeli-Palestine war\",\"tourism\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/10\/29\/this-evening-egypts-tourism-is-dealt-a-blow-with-reservations-plummeting-by-50-due-to-the-regional-crisis\/\",\"name\":\"THIS EVENING: Egypt\u2019s tourism is dealt a blow with reservations plummeting by 50% due to the regional crisis - 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It looks like you can thank Israel\u2019s war on Gaza for the extension of our rolling blackouts \u2014 and surprising exactly nobody who\u2019s been house-hunting of late, worries about further devaluation have driven up prices in the real estate market. 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