Egypt's tourism revenues dropped 43% in the first quarter of 2014 to $1.3 billion, Adela Ragab, the country's economic adviser to the Minister of Tourism said, according to Reuters.
Ragab said around 15 countries issued travel warnings against Egypt after the incident happened last February when a coach carrying Korean tourists was bombed by Islamist extremists.
The number of tourists declined by 30% in the first quarter to two million people, according to Businessworld.com.
Tourism sector saw a 41% drop in revenue in 2013 to $5.9 billion compared to 2012.