Tourism Industry News

Egypt Tourism Fell in 2009, Set to Recover This Year

08/02/2010 12:55

egypt-abu-simbel.jpgEgypt, home to the pyramids of Giza, recorded a slower-than-anticipated decline in tourism revenue last year and is targeting 6.9 percent growth in receipts in 2010 as economic recovery picks up, the tourism minister said.


Revenue in 2009 declined 2 percent to $10.76 billion from $10.98 billion in the previous year, Zoheir Garranah said in a news conference today in Cairo.


“All expectations were that the decline in tourism would be 20 percent,” he said. The government aims to bring in about $11.5 billion in revenue this year, he said.


Get the full story at: BusinessWeek




See Also Other News

Search site