Egypt tourism revenues fall 13%

21 May 2009

Egypt's Tourism Minister, Zoheir Garrana has said that the country's tourism revenue has dropped 13.2% in the first four months of 2009 to $3.6bn due to the global slowdown and a sharp drop in eastern European visitors, Reuters has reported. Garrana said that the number of visitors from Ukraine had dropped over 57% while visitors from Poland and Russia had declined by around 23% due to the relative weakness of those countries' currencies against the dollar. However, luxury tourism had not slowed in the year to date, as Nile cruises were witnessing a high occupancy rate, Garrana said. The minister was hoping to keep the overall annual decline at 8% to 9%.

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