Ministers Examine Fitch's Tourism Outlook

A study by Fitch Solutions predicts a significant rise in the tourism sector in Egypt, both in the number of tourists and revenue, until 2030. It is expected that the number of tourists will reach approximately 23.8 million visitors, representing a 6.3% increase in 2026 compared to 19 million in 2025, with revenues surpassing $21.2 billion by that year, and an average annual growth rate of 4.6%. The study emphasizes that infrastructure development, the opening of the Grand Egyptian Museum, expanding hotel capacity, and diversifying markets are among the key factors supporting this growth. It also highlights the importance of attracting the Chinese tourism market and reducing reliance on traditional markets, focusing on improving service quality and skill development, despite the challenges posed by geopolitical tensions and rising airfare costs. Ultimately, tourism remains one of the main sources of foreign exchange and economic activity support, with expectations of increased spending and longer stays aimed at maximizing revenue from each tourist.

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