Egypt sees 51% year-on-year rise in tourists in Q1 of 2017
Sign of a faith in Egypt, and an indicator of economical stabilization of Egyptian economy, tourist sector seems to rise upfor the first part of 2017. The number of tourists visiting Egypt during the first quarter of 2017 rose by 51 percent compared to the same period last year, an official source at the tourism ministry told on Sunday. Germany topped the list of visiting tourists, followed by Ukraine, Saudi Arabia, China and the United Kingdom during the three first months of 2017. This information is “unexpected” after difficulties met by the country, after the crash of a Russian plane, causing 224 killed in October 2015, or global insecurity in the country. However, this rise need to be temporize, indeed, Egypt’s tourism revenues dropped to $3.4 billion in 2016, a 44.3 percent decline from the previous year, the Central Bank of Egypt said in January. The figure is a far cry from the $11 billion in revenues generated by the sector in 2010, when 14.7 million tourists visited the country.