{"id":610405,"date":"2023-11-20T00:00:00","date_gmt":"2023-11-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/tourism-revenues-on-track-to-grow-15-this-year-despite-gaza-war\/"},"modified":"2023-11-20T00:00:00","modified_gmt":"2023-11-20T00:00:00","slug":"tourism-revenues-on-track-to-grow-15-this-year-despite-gaza-war","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/20\/tourism-revenues-on-track-to-grow-15-this-year-despite-gaza-war\/","title":{"rendered":"Tourism revenues on track to grow 15% this year despite Gaza war"},"content":{"rendered":"

Our tourism industry seems to be weathering the storm: <\/strong>Egypt welcomed around 13 mn tourists in the first nine months of the year, Deputy Tourism Minister Ghada Shalaby told Al Arabiya<\/a> yesterday. This puts us on track to hit our target<\/a> of 15 mn visitors in 2023, up 32% on the year before, despite geopolitical tensions stemming from the onset of the war in Gaza. <\/p>\n

An increase in tourist footfall means an increase in tourism revenues<\/strong>, which are predicted to reach USD 14 bn by the end of the year, a rise of nearly 15% on 2022, Shalaby told the Saudi outlet. And with foreign tourists comes foreign currency, which we have never been so keen to pick up<\/a> as we are now.<\/p>\n

Some thought it was going to be much worse: <\/strong>Just three weeks after the outbreak of the war on Gaza, IMF Director Kristalina Georgieva warned that \u201cuncertainty is a killer for tourists inflows\u201d and that in \u201cEgypt, Lebanon, Jordan \u2026 the channels of impact are already visible,\" according to Reuters<\/a>. Prime Minister Moustafa Madbouly also warned<\/a> of the war\u2019s potential impact on tourism during a meeting with ministers and central bank officials two weeks ago.<\/p>\n

Targets for 2024 have remained ambitious: <\/strong>We\u2019re planning on upping the number of tourists 20% to 18 mn in 2024, said Tourism Minister Ahmed Issa, cited by the outlet. He also projected a jump in tourism revenues next year by 25%. <\/p>\n

ICYMI- EgyptAir still seems pretty optimistic about our tourism industry: <\/strong>EgyptAir brought the big bucks to the Dubai Air Show earlier this month, placing an order<\/a> for the lease of 18 new Boeing airplanes and signed a contract<\/a> with Airbus for another 10 new aircraft.<\/p>\n","protected":false},"excerpt":{"rendered":"

We should hit our target of welcoming 15 mn tourists in 2023<\/p>\n","protected":false},"author":1,"featured_media":610406,"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":[7088,72,166,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-ahmed-issa","tag-enterpriseam","tag-israel-palestine-conflict","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"433c8e3e-e10e-409a-add3-4105e6ccdb16","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/1019.JPG","photo_position":"above","homepage_title":"","full_issue_title":"Tourism revenues on track to grow 15% this year despite Gaza war","related_issue":[610396],"teaser":"We should hit our target of welcoming 15 mn tourists in 2023","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.6e3e523f-0933-47c0-9b63-766b090623e6.mp3"},"yoast_head":"\nTourism revenues on track to grow 15% this year despite Gaza war - 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She notes that each tourist\u2026","rel":"","context":"In "SPEED ROUND: TOURISM"","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":615540,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/20\/egypt-sees-an-uptick-in-tourist-arrivals-in-2024-despite-gaza-war-straining-tourism-targets\/","url_meta":{"origin":610405,"position":3},"title":"Egypt sees an uptick in tourist arrivals in 2024, despite Gaza war straining tourism targets","author":"enterpriseam admin","date":"20 February 2024","format":false,"excerpt":"Egypt wants to increase number of hotel rooms to 432k by 2028 to welcome 30 mn tourists a year","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\/2024\/2\/1857.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":610765,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/27\/tourist-arrivals-up-8-in-october-despite-gaza-war\/","url_meta":{"origin":610405,"position":4},"title":"Tourist arrivals up 8% in October despite Gaza war","author":"enterpriseam admin","date":"27 November 2023","format":false,"excerpt":"Many Egypt watchers had adopted a pessimistic outlook on the tourism sector due to the conflict","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\/2023\/11\/1439.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":610405,"position":5},"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. 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