{"id":634703,"date":"2018-01-22T04:10:03","date_gmt":"2018-01-22T04:10:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/tourism-in-the-middle-east-grows-5-y-o-y-in-2017\/"},"modified":"2018-01-22T04:10:03","modified_gmt":"2018-01-22T04:10:03","slug":"tourism-in-the-middle-east-grows-5-y-o-y-in-2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/tourism-in-the-middle-east-grows-5-y-o-y-in-2017\/","title":{"rendered":"Tourism in the Middle East grows 5% y-o-y in 2017"},"content":{"rendered":"

<\/a> The shifting dynamics of Egypt\u2019s tourism turnaround:<\/strong> Egypt\u2019s tourist numbers soared 55% last year, even as European numbers dipped, with Chinese and regional tourists supplanting them. \u201cThe European market, including Russia, accounted for almost 80% (of tourists), but now, 52%,\u201d said Hisham El Demeiry, head of the Tourism Promotion Authority, according to Yahoo News<\/a>. Chinese and Indian visitors rose from 5% last year to 12%, while tourists from Egypt's neighbours doubled their market share from 15% to 30%, he added.<\/p>\n

This comes as the flow of tourists to the Middle East grew 5% y-o-y in 2017<\/strong>, with our region drawing in 58 mn tourists last year, according to figures released last week by the UN World Tourism Organization (UN WTO)<\/a>. This came on the back of \u201csustained growth in some destinations and a strong recovery in others\u201d after a devastating 2016, the report stated. Jihadist attacks on tourist sites in Egypt, Tunisia and Turkey in recent years particularly hit the industry, but \u201cover time, people forget and return,\u201d said Jalel Gasmi, head of Granada Travel Services, at the Fitur international tourism gathering in the Spanish capital. Chinese and Russian visitors were the biggest drivers of this regional growth, which is projected to rise another 4-6% in 2018, according to the WTO.<\/p>\n

Despite being safer options for investors, Morocco and Tunisia could be replaced by Egypt as an alternative<\/strong>, which seems to offer \u201chuge potential\u201d despite considerable risks caused by possible political change, a higher rate of attacks\u00ad\u00ad, and other substantial economic problems, Jeremy Weltman writes for Euromoney<\/a>. Weltman lists three main factors behind Egypt\u2019s recent slow but discernible recovery: floating the Egyptian pound, benefiting from improving global trade, and gaining a three-year financing arrangement from the IMF. \u201cEgypt is still a riskier prospect, but it is closing the gap and offers huge potential if the reforms continue<\/strong>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The shifting dynamics of Egypt\u2019s tourism turnaround: Egypt\u2019s tourist numbers soared 55% last year, even as European numbers dipped, with Chinese and regional tourists supplanting them. \u201cThe European market, including Russia, accounted for almost 80% (of tourists), but now, 52%,\u201d said Hisham El Demeiry, head of the Tourism Promotion Authority, according to Yahoo News. Chinese […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634703","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"76c082b5-99fd-40c8-a41b-ccdd86d7fcad","order":"0","is_powered_by":true,"section_story_id":"ae84b239-d486-4342-83dc-6e00a7f70e0f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634686],"teaser":"","voice_url":""},"yoast_head":"\nTourism in the Middle East grows 5% y-o-y in 2017 - 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\/2018\/01\/22\/tourism-in-the-middle-east-grows-5-y-o-y-in-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tourism in the Middle East grows 5% y-o-y in 2017\" \/>\n<meta property=\"og:description\" content=\"The shifting dynamics of Egypt\u2019s tourism turnaround: Egypt\u2019s tourist numbers soared 55% last year, even as European numbers dipped, with Chinese and regional tourists supplanting them. \u201cThe European market, including Russia, accounted for almost 80% (of tourists), but now, 52%,\u201d said Hisham El Demeiry, head of the Tourism Promotion Authority, according to Yahoo News. 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With Russian tourists still\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":[]},{"id":646493,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/tourist-arrivals-up-by-51-y-o-y-in-4m2017\/","url_meta":{"origin":634703,"position":4},"title":"Tourist arrivals up by 51% y-o-y in 4M2017","author":"enterpriseam admin","date":"15 June 2017","format":false,"excerpt":"Back to the revival of tourism, where the number of tourists arriving in Egypt rose 51% year-on-year in the first four months of 2017, according to a Tourism Ministry statement. 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