The Power of Tourism

Tourism has proven itself to be a crucial industry all around the world. For many nations, it is a popular means of revenue and a big boost to the national economy. Countries like France, Japan and the United States all benefit greatly from tourism. It is the same with Egypt, which is among the countries that shore up their economies thanks to tourism. It is a significant contributor to the nation’s GDP, with revenues of over $4 billion earned in 2020 alone. Wish to know more about the topic? Private tours of Egypt, a supplementary external resource we’ve put together for you.

Adding Value to Egypt’s Economy

Tourism in Egypt stretches way back, following the opening of the Suez Canal, which exposed the country to the wider world. It led to a surge in visitors moving from Europe to the far east, resulting in Egypt becoming a favorite spot for leisure and adventure. The country’s tourism industry has since grown, with millions of visitors flocking every year to see the ancient Pyramids of Giza, iconic temples and historic sights along the Nile river. Egypt’s currency value dropped in 2016, which caused a lack in interest surrounding the currency, ultimately resulting in an increase in tourism rates as visitors took advantage of lower costs. The industry later increased by 13.6 percent in 2017, and by more than 20 percent in 2018 – injecting $12.57 billion into the nation’s economy.

The Boost of Tourism on Egypt's Economy 1

Preserving Cultural Heritage and Environment

Egypt’s tourism is not just about monuments and iconic landmarks. Visitors are treated to a plethora of outdoor activities like diving into the Red Sea, exploring the wilderness in one of the country’s 30 protected nature reserves or cruising along the Nile River on a traditional felucca boat. The government of Egypt is keen on preserving the nation’s historical and natural environment to encourage tourism. A considerable amount of funding goes into maintaining and ensuring the smooth administration of the monuments, national parks and ecosystems that make up the country’s tourism sector. Together, these efforts, alongside newly implemented eco-friendly policies, have led to a decrease in negative effects on the environment in addition to bringing more awareness to sustainability.

The People on the Ground and their stories

The tourism industry provides jobs and opportunities for millions of Egyptians from different walks of life. From tour guides, hotel and restaurant staff to craftspeople and small-scale entrepreneurs who sell souvenirs, tourism has given them access to various job roles that were previously unavailable. Taha Ezzat, an Egyptian who works as a tour guide in Luxor, says his income has increased dramatically over the past few years, thanks to an influx of tourists. “I now have more clients than ever before, and I am able to support my family without any struggle,” he adds.

Looking forward and future growth Opportunities

Despite the Covid-19 pandemic disrupting global travel, Egypt is holding steady thanks to its strategic plan of moving past dependency on any one form of tourism, instead, creating various tourism packages as they aim to diversify their markets. Movement in these packages led to a growth in domestic tourism, revealing potential for the industry to fuel growth rates in multiple areas of the economy. With the new post-Covid landscape, there is a higher demand for wide open outdoor Verify here spaces and secluded areas as more travelers seek to avoid crowded places and resort destinations. Such trends further emphasize the potential for different styles of packages and diversifies Egypt’s tourism product.

In conclusion, tourism in Egypt has been nothing short of a game-changer for the country’s economy and has opened up a host of opportunities for its people while also laying a path for the future. As Egypt sets its sights on achieving sustainable tourism through smart, mindful strategies, the global community looks to the prospect of renewed travel, hoping for a brighter era beyond the pandemic.

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