Egyptian Tourism Revenue Sees Dramatic Growth

PR Web

Egypt's Tourism Minister Zoheir Garrana has announced that the country’s tourism revenues from the first six months of 2010 have increased by 17.6 per cent compared to the same period last year. Garrana indicates a number of factors as contributing to the boost, including the strong euro driving holidaymakers out of the eurozone, record winter temperatures in Europe, and increasing numbers of Russian tourists now looking outside their own country for cheap holidays.

Tourism revenues reached $5.58 billion in the first half of 2010, compared to $4.6 billion in the same period last year. Meanwhile, industry analysts predict revenues to reach $12.4 billion by the end of the fiscal year, up on $10.8 billion in 2009.