Tourism revenues up 83.3% y-o-y in 1Q2018, arrivals up 37.1% -state official to Reuters
Tourism revenues reportedly up 83.3% y-o-y to USD 2.2 bn in 1Q2018, an unnamed government official told Reuters. Tourist arrivals also grew 37.1% y-o-y to 2.38 mn visitors. Tourism in Egypt has been slowly recovering from the political upheaval and security concerns that had caused a downturn in the sector over the last several years since the 2011 uprising. Holiday bookings giant Thomas Cook had said last month that demand for Egypt is on the rise as conditions in the country begin to stabilize.
This comes as we hear that bookings to Croatia are suffering as a result of a revival in Egypt, Turkey, and Tunisia, Total Croatia News reports. British and German holidaymakers are shifting their focus away from Croatia towards more affordable destinations in the Mediterranean Sea, especially as Croatian hotels continue to raise prices, seemingly oblivious to the “dip” in bookings. We noted yesterday that Egypt Tunisia, and Turkey are also luring British tourists away from Spanish coastal city Benidorm.