Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Independent Media Review Analysis (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Egypt sees 50pct decrease in tourists in first half of 2016: Tourism

% of readers think this story is Fact. Add your two cents.


Egypt sees 50pct decrease in tourists in first half of 2016: Tourism
Authority
Dalia Farouq , Tuesday 9 Aug 2016
http://english.ahram.org.eg/NewsContent/3/12/238358/Business/Economy/Egypt-sees-pct-decrease-in-tourists-in-first-half-.aspx

The number of tourists coming to Egypt dropped by 50 percent in the
first half of 2016 compared to the same period last year, the head of
Egypt’s Tourism Authority Samy Mahmoud said.

Only three million tourists visited Egypt in the first six months of 2016,
Mahmoud told Ahram Online.

Mahmoud added that tourism revenues during the period witnessed a drop of 60
percent compared to 2015, adding that all tourism markets in Egypt have seen
a fall, except for tourists coming from Ukraine and China, whose numbers saw
a 30 percent increase year-on-year.

Egypt saw $6.1 billion in tourism revenue in 2015, as the total number of
tourists and nights spent dropped by 6 percent and 14 percent respectively
from 2014.

Tourism revenue totaled $500 million in the first quarter of 2016, around 66
percent down compared to the same quarter a year earlier, a tourism ministry
adviser told Reuters in April.

The ministry official attributed the decline to Russia’s suspension of
passenger flights to Egypt following the October crash of a Russian airliner
in Sinai that killed all 224 people on board.

The UK has also suspended flights to Egypt’s Sharm El-Sheikh following the
crash, citing security concerns.

According to Mahmoud, Russian and British tourists amounted to 45 percent of
the number of tourists coming to Egypt.

Officials have said that Egypt has been losing EGP 2 billion monthly due to
the continuous blows to tourism.

Tourism is an important source of foreign currency for Egypt, which has been
seeking billions in foreign financing facilities to address a severe hard
currency shortage with FX reserves down to $15.5 billion in July.



Source: http://www.imra.org.il/story.php3?id=71206


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.