The Central Bank of Egypt (CBE) announced that Egypt’s revenues from tourism in the first nine months of the 2020-2021 fiscal year by fell 67.4 percent to about US$3.1 billion. The tourism industry has been hit badly over the past year due to the outbreak of coronavirus pandemic. Egypt’s tourism sector lost upwards of $7.7 billion due to the pandemic in 2020. Earlier this month, the German non-profit organization enpact and the TUI Care Foundation have launched the Tourism Recovery Programme in Egypt, which aims to empower businesses in the tourism industry to adapt to the coronavirus pandemic’s challenges. Due to the coronavirus pandemic, revenues in 2020 fell by about 70 percent to US$4 billion, with just 3.5 million tourist entering the country.

Source: Egypt Independent June 30, 2021 09:22 UTC