Egypt’s tourism sector witnessed double-digit growth for the fiscal year 2022-2023, surpassing its pre-COVID-19 numbers, to reach $13.6 billion in revenue over the period. The numbers further revealed that tourists visiting the country surged by 35.6% over the same period, reaching approximately 13.9 million. Egypt’s tourism industry witnessed record highs in 2019 with 13 million visitors and $13 billion in revenues, before the COVID-19 pandemic hit. The sector is a vital one for Egypt’s economy, making up about 12% of the country’s annual GDP. The country has now set a target to attract 30 million tourists by 2028, with plans to draw in tourism investments and expand on its hotel pipeline.

Source: The North Africa Journal October 10, 2023 18:42 UTC