Tourist arrivals to Egypt grow 20% YoY in 9 months.
Egypt’s tourism sector has seen a remarkable recovery in the first nine months of 2023, with 11 million visitors arriving in the country, a 20% increase from the same period last year, according to Amr El Kady, the CEO of the General Egyptian Authority for Tourism Promotion. He also revealed that October witnessed a 10% growth in tourist arrivals, despite the regional instability. He projected that Egypt would welcome 15 million tourists by the end of the year.
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The high demand for vacationing in Egypt has also boosted the hotel industry, with room rates rising by 20% to 30% between January and September. Tourism is a vital sector for Egypt’s economy, accounting for up to 15% of its gross national product (GNP) and providing a major source of foreign currency.