The travel and tourism industry in Egypt has been experiencing a remarkable revival, marked by increased occupancy rates, sustainable tourism initiatives, and the expansion of source markets. Collaborative efforts between the Ministry of Tourism and the UNDP have resulted in the Mainstreaming Biodiversity in Egypt’s Tourism (MBDT) project, funded by the Global Environment Facility.
Egypt's airline sector is thriving in 2023, with EgyptAir receiving recognition as the 'fastest recovered airline' in Africa during the Athens 2.2 Airline Marketing Workshop.
The hospitality industry, primarily focusing on hotels and other lodging forms, has witnessed a surge in occupancy rates. In 2022, occupancy rates averaged between 60% and 75% across all categories, with even more remarkable growth of up to 20% in the first quarter of 2023, currently reaching 85-90%, as reported by travel news sources.
Travel intermediaries faced challenges due to the Russian invasion of Ukraine, which disrupted key source markets. However, the government has been providing continuous support, resulting in growth and development.
The outlook for the travel and tourism industry in Egypt appears promising. The Grand Egyptian Museum's partial opening in late 2022 has already granted access to various tours and attractions, with the official grand opening set for late 2023.
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Understand the latest market trends and future growth opportunities for the Travel industry in Egypt with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
If you're in the Travel industry in Egypt, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.See All of Our Definitions
This report originates from Passport, our Travel research and analysis database.
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