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Egypt unrest to cause 25% fall in tourism revenue

09 April 2011

Egyptian tourism minister has said the country's tourism industry, crippled by political turmoil, is to suffer a 25% fall in revenue in 2011 and will get back on track by next September, Reuters has reported. "Our revenues of 2010 were $12.5bn, we should be 25% below that in 2011," Mounir Fakhry Abdel Nour told the news service, but said it could be pushed even lower. "Until today, we have not recouped the normal pace of tourism in Egypt. That was expected and it is understandable. But we expect to be back on track by September." March figures fell by 60% from last year, he said

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