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Wednesday, 20 April 2016

Egypt is aiming for 9 mn tourists this year- Tourism Development Authority

Springboarding from the government plan we reported on yesterday, Egypt is aiming to attract 9 mn tourists this fiscal year and 20 mn by 2020, said Tourism Development Authority chairman Samy Mahmoud, according to Al Borsa. Yesterday’s plan put the figure at 10 mn. Egypt expects tourism revenues to hit USD 25 bn by 2020 driven by expansions into new tourism markets and not relying solely on conventional markets. Chinese tourists in Egypt have increased to over 125k in 2015 from 64k in 2014, with a projected 200k by the end of the year, he added. The authority has gotten in contact with the Chinese Ambassador in Egypt to discuss allowing Chinese airlines to operate in Egypt, said Mahmoud.

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