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Egypt’s tourism revenues hike 83.3% in Q1

Egypt’s tourism revenues hike 83.3% in Q1
Tourist arrivals surged by 37.1% to reach 2.383 million visitors

Cairo – Mubasher: Egypt’s tourism revenues jumped by 83.3% year-on-year to $2.2 billion in the first quarter of 2108.

Tourist arrivals surged by 37.1% to reach 2.383 million visitors in the three first month of this year, an unnamed official told Reuters.

Tourist nights amounted to 23.8 million in Q1-18, he added.

Hotel occupancy rate in the main Egyptian tourism destinations rose in the three-month period ended last March, according to Colliers International.

Colliers International had previously forecast that hotel occupancy rate in Sharm El-Sheikh and Hurghada will rise by 46% and 45%, respectively, in Q2-18.