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Monday, 13 February 2017

Why are we begging for tourism to return?

Why are we bending over backwards to bring back tourism? (Or: Quite possibly the dumbest op-ed AMAY has ever run.) In return for complying with other countries’ demands to beef up security in order to lift travel warnings, Egypt should set its own terms and conditions for returning tourists, Abbas El Tarabily — who has never heard of the term ‘buyer’s market’ in his life — writes in an op-ed for Al Masry Al Youm that suggests he needs to be briefed on what the lack of tourism has done to the economy. El Tarabily says we should immediately hike the prices of hotel rooms and all touristic activities, as the prices currently in place are among the lowest worldwide. Somebody please explain to him the basics of supply and demand.

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