{"id":611443,"date":"2023-12-06T00:00:00","date_gmt":"2023-12-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/06\/this-evening-tui-forecasts-an-uptick-in-winter-travel-bookings-to-egypt\/"},"modified":"2023-12-06T00:00:00","modified_gmt":"2023-12-06T00:00:00","slug":"this-evening-tui-forecasts-an-uptick-in-winter-travel-bookings-to-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/06\/this-evening-tui-forecasts-an-uptick-in-winter-travel-bookings-to-egypt\/","title":{"rendered":"THIS EVENING: TUI forecasts an uptick in winter travel bookings to Egypt"},"content":{"rendered":"

Good afternoon, ladies and gentlemen<\/strong>, and welcome to what has shaped up to be a relatively calm Wednesday here at home. <\/p>\n

THE BIG STORY TODAY<\/strong><\/p>\n

European tourists <\/strong>incoming<\/strong> this winter:<\/strong> TUI\u2019s bookings to Egypt will rise again after Christmas as tourists seek out \u201cvalue winter sun\u201d destinations, CEO Sebastian Ebel said as the company reported its annual results, Reuters<\/a> reports. TUI had witnessed a \u201ctemporary slight slowing\u201d in its Egypt bookings recently due to the conflict in Gaza, Ebel said.<\/p>\n

Background: <\/strong>Egypt is hoping to attract 18 mn tourists in 2024, bringing in some USD 17.5 bn of revenues for the country, Tourism Minister Ahmed Issa said recently<\/a>. Tourism revenues are on track to hit USD 14 bn in 2023, Issa said, rising 15% y-o-y.<\/p>\n

THE BIG STORY ABROAD<\/strong><\/p>\n

We\u2019re looking at another mixed bag of international headlines this afternoon. <\/strong>Putin is paying a visit to the UAE and Saudi Arabia, for the first time since invading Ukraine, to discuss Russia\u2019s role in OPEC in light of the alliance\u2019s agreement last week<\/a> to bolster prices by cutting production (Reuters<\/a> | Bloomberg<\/a>). Argentina\u2019s president-elect, Javier Milei, aka El Loco, is having a friendly exchange with Beijing in a move that contradicts his earlier intentions to cut off ties to China, reports the Wall Street Journal<\/a>. <\/p>\n

ON THE BUSINESS SIDE- <\/strong>US consumers are financing their spending via credit cards with crazy interest rates, an economist told CNBC<\/a> , <\/strong>so we can expect a major pullback in consumption heading into the new year. Experts disagree on whether or not this will trigger a recession, though. Also, economists polled by the Financial Times<\/a> agree that the US central bank will hold off on cutting interest rates until at least July 2024, much later than Wall Street is betting on. <\/p>\n

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** CATCH UP QUICK <\/strong>on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n