Exclusive: Egypt expects double-digit growth in tourism after recording second-fastest rate in North Africa - News Summed Up

Exclusive: Egypt expects double-digit growth in tourism after recording second-fastest rate in North Africa


Egypt’s travel and tourism sector rebounded last year, making it the second-fastest growing in North Africa after Ethiopia, accelerating at 16.5 per cent, ahead of the global average of 3.9 per cent, according to World Travel & Tourism Council (WTTC). It’s going to be strong,” Ms Mashat said when asked if the sector’s pace of growth would be on par with last year. Tourism revenue grew 40 per cent year on year in 2018, accounting for 20 per cent of gross domestic product. The tourism industry is the second-largest foreign exchange earner for the country and it sustains 2.5 million Egyptian jobs. The country currently has 250,000 hotel rooms and more are likely to come online as new cities are being constructed.


Source: The North Africa Journal April 07, 2019 14:37 UTC



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