According to Mubasher Pulse, Egypt’s tourism sector achieved record revenues of over $14 billion in the past 11 months, reflecting a 7.8% year-on-year increase. This growth is driven by a 3.97% rise in tourist arrivals, reaching 14.3 million, and a 7.8% increase in the number of overnight stays, totaling 151.3 million nights. Saudi Arabia emerged as a major contributor, with Saudi tourists spending $1.5 billion, and accounting for half of all Arab visitors. Key markets also include Germany, England, and Russia, which also had many of their citizens visit the North African country. Tourism, a pillar of Egypt’s economy, grew by 8.2% in the first quarter of fiscal 2024/2025, significantly boosting the country’s overall 3.5% economic growth. Experts project continued growth in 2025 if regional stability improves.
Source: africanews