Monday, November 16, 2015

News: Egypt’s Inbound Tourism from Russia Drops 9% in First 9 Months of 2015 - Report

CAIRO: The number of Russian tourists visiting Egypt during the period Jan.-Sep. 2015 declined by nine percent compared with the same period last year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt’s official statistical agency.

In its report for tourism statistics issued Saturday, CAPMAS indicated that “two million Russian tourists had visited Egypt over the course of the first nine months of 2015, compared to 2.2 million during the same period last year.”

More than 3 million Russian tourists had visited Egypt in 2014 with 1.7 million visitors over the course of the first seven months of 2015, Tourism Minister Hisham Zaazou said following the Russian plane crash that killed 224 passengers and crew Oct. 31.

Russian tourism investments in Egypt reached 2 billion EGP ($250 million) in 2014, he added. The number of tourists visiting Egypt during the period Jan.-Sep. 2015 rose by four percent compared with the same period last year, according to a Thursday CAPMAS report.

Egypt’s political turmoil following the 2011 January uprising that toppled former President Hosni Mubarak has badly affected tourism sector, which has only recently started to rebound; Egypt’s second most important source of national income after the Suez Canal provides direct and indirect employment to up to 12.6 percent of the country’s workforce.

The country’s revenues from tourism industry decreased by 15 percent in the 3rd quarter of 2015 compared to the same period last year, said tourism ministry economic advisor Adala Ragab Monday. Revenues from tourism represent 11.3 percent of Egypt’s gross domestic product (GDP.)
Source: Cairo Post – By/ The Cairo Post

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