Latest in Tourism Highlight
Latest in Tourism
Egyptian museums achieve revenues of EGP 45m in 2016
The Ministry of Antiquities’ affiliated museums have achieved total revenues of $45m with 974,400 visitors in 2016. According to a statement by the ministry’s museums division, the museums achieved the highest revenues in December, recording EGP 6.8m with 117,000 visitors, while the lowest revenue reached was $1.7m in June with 21,800 visitors. Minister of Antiquities …
New sleeper cars to Luxor and Aswan to attract more tourism
Mohamed Ali, manager at a hotel in Aswan, said that tourist occupancy should be increasing as Egyptian families prepare for the school holidays
Pound flotation increases costs of developing 10 archaeological projects to EGP 635m
The costs of the development and restoration of archaeological projects in the engineering projects division of the Ministry of Antiquities have recorded a noticeable increase with the decision to liberalise the exchange rate of the Egyptian pound. The budget allocated to develop 10 projects this year is estimated at EGP 635.5m, compared to EGP 350.9m …
Germany lifts final restriction on flights to South Sinai: Foreign Ministry
The Ministry of Foreign Affairs said on Tuesday that the Egyptian embassy in Berlin was able to lift the last restriction on German flights to Sharm El-Sheikh and South Sinai. In a press release, the ministry said that the German federal ministry of transport and digital infrastructure decided to exempt German airlines from flying 26,000 …
Blue Sky Travel Agency loses quarter of its revenues in 2016
Hossam El-Shaer, chairperson of Blue Sky Travel Agency, said that the company’s revenues dropped by a quarter in 2016 compared to 2015. He attributed the fall to the low tourism inflow from Europe, following the tragic incident of the Metrojet Russian airliner crash at the end of October 2015. The incident has prompted Russia to …
We repatriate Air France’s money in return for bearing foreign exchange gap: country manager
‘The company operates its brand new Boeing 787 to Cairo with 6 weekly flights’.
Hotel revenues per available room forecasted to grow by 8% between December, February in Cairo: Colliers
Cairo hotels continued to show a strong performance despite the recent devaluation of the local currency. The continued surge in revenues per available rooms (RevPAR) is a result of the increasing Average Daily Rates (ADR), according to Colliers International’s MENA Hotel Forecasts December 2016 report. Consequently, hotel profitability rates are expected to further enhance. According …
ETAA settles disputes with foreign companies, restores $4.750m for members
The number of companies still prohibited to be dealt with due to not paying dues reached 79, most of which are from the European market
Egyptian Tourist Authority gets ready for ITB Berlin exhibition in March: official
The tourism movement coming to Egypt declined by 40% from 2015 to 2016 due to the suspension of Russian trips to Egypt since early November
ETAA earns EGP 3m in FY 2015/2016 from Suez Canal certificates: official
Return on assets, investment funds, and takaful programme rose to EGP 21.6m during FY 2015/2016, compared to EGP 13.5m during FY 2014/2015 at a growth ratio of 60%
160 commissions take stock of Egyptian artefacts in museums: head of museum department
The Ministry of Antiquities is creating an electronic system that will link museums to a database of artefacts
Red Sea and South Sinai hotel occupancy stable in past few weeks
Influx of German tourists expected in January after resumption of flights
Bazaars turn to tombs on the backs of price hikes and the tourism crisis
30% of owners permanently closed their shops, 50% closed down temporarily
Pickalbatros buys 50,000 sqm in Fifth Settlement to establish a hotel
Company working to complete Beach Albatros Marsa Alam, with investments of EGP 400m
Tourism sector pushes to postpone application of VAT for a year
Application of tax would increase prices by 100%, says Ahmed Balbaa
10.5% decrease in tourist arrivals in November: CAPMAS
The number of tourists who travelled to Egypt in November 2016 was 499,800—a 10.5% decline year-over-year (y-o-y), compared to November 2015, according the Central Agency for Public Mobilization and Statistics (CAPMAS). The agency explained in its monthly bulletin on the tourism sector that western Europe sent the largest number of tourists to Egypt, accounting for …
CBE extends tourism sector support initiative until February 2018
The bank also decided to extend the retail loans initiative for employees of the sector until the end of June 2017
Ministry of Antiquities to sign cooperation protocol with Ministry of Tourism
Domestic tourism generates 90% of the Ministry of Antiquities’ income
Tickets for New Year’s Eve celebrations range from EGP 400-15,000
Ticket prices increased by 40% due to flotation and rising prices of services
Passenger traffic to all Egyptian airports falls by 19% in November
Passenger traffic in Sharm El-Sheikh registers decline of 34.4%
Russian tourism to Egypt expected to return by January: sources at Tourism Ministry
Official sources at the Egyptian Ministry of Tourism said that Russian tours to Egyptian resorts are expected to return in January, after over a year of suspension since the crash of a Russian aeroplane in October 2015. The source told Daily News Egypt that restoring the Russian inflow will revive the entire tourism sector. Russian …
Hurghada, Sharm El-Sheikh airports apply biometric ID system for employees
A Russian delegation is set to arrive in Cairo to inspect security measures at airports
Ministry of Antiquities considers bids for museum shops
Of the 13 locations put up for bidding, only five have attracted bidders
Red Sea Hotels occupancy to increase to 60% during Christmas: officials
Tourism has suffered greatly since the Russian aeroplane crash in 2015
Expected increase in number of German tourists next year: head of tourism bureau in Berlin
The number of German tourists visiting Egypt should return to pre-Metrojet crash levels in 2017
Egyptian Airports Company to pose a tender for the expansion of the Sharm El-Sheikh International airport
The Ministry of International Cooperation signed a loan agreement worth $457m with the Islamic Development Bank to finance the development of Sharm El-Sheikh International airport
Tourism suffers from losses for 6th consecutive year
Income declined from $12.5bn in 2010 to $6bn currently, says El Zayat
Tourism Ministry re-evaluates ‘Egypt in Our Hearts’ initiative
Domestic tourism is the solution for tourism-related problems in times of crises, says Abdel Wahab
Pound flotation hinders calculation of artefact cost in Grand Egyptian Museum
52% of the project was implemented by the end of November
Egypt is a great place for future investments: AccorHotels regional vice president
Hotel occupancy rate is more than 80% despite all of the issues Egypt has been facing