EGYPTIAN RESORTS SEE OCCUPANCY LEVELS RISE TO 80%
Red Sea resorts in areas such as Hurghada have seen occupancy levels reach 80 percent in 2012, returning back to levels before the revolution in 2010.
Confidence in Egypt’s tourism sector has risen after the country’s Tourism Minister Munir Fakhry Abdel Nur announced tourism levels have peaked to the levels experienced in 2010.
Egypt’s tourism sector welcomed its highest number of tourists in 2010 and the news that the same levels of tourists are returning in 2012 has pleased investors.
The Tourism Minister stated that the number of people booking flights to Egypt in 2012 was more than the reservations in the same period of 2010. He commented: “The amount of flight reservations by tourism companies exceeds what it was in the summer of 2010, and that probably means that the number of tourists visiting Egypt this year may reach that in the peak year, almost 13 million.”
Tourism is one of Egypt’s main sources of revenue and the sector has shown positive signs of recovery since the revolution happened at the beginning of 2011. Recent figures have shown that the first quarter of 2012 has seen a 32 percent increase in tourists visiting Egypt. Between January and March this year, 2.5 million tourists arrived in the country compared to 1.89 million in 2011.
The news will have a positive effect on Egypt and is expected to attract more investors to the region who will be keen to invest in the country’s growing economy. Egyptian tourism officials have expressed their delight at the recent figures and strongly believe Egypt has a positive future.
Source: Middle East Online