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Visitor Spending and Work in Egypt’s Tourist Sector Go beyond Pre-Pandemic Levels – Image Credit WTTC
According to the World Travel & Tourist Council, Egypt’s travel and tourism sector has actually made unprecedented financial contributions, with substantial development in visitor costs and employment.
The World Travel & Tourism Council (WTTC) has actually reported that Egypt’s Travel & Tourist sector attained its highest-ever contribution to the national economy in 2024. According to the WTTC’s Economic Impact Research study, performed with Oxford Economics, the sector contributed EGP 1.4 trillion to Egypt’s GDP, accounting for 8.5% of the national economy. This marks a considerable milestone for the sector, reflecting its essential function in Egypt’s financial framework.
Projections for 2025 and Beyond
The WTTC forecasts that 2025 will set a brand-new record for the sector, with an anticipated annual development rate of 4.9%. The sector’s share of the nationwide GDP is expected to increase to 8.6%, underscoring its importance in Egypt’s continuous economic development. This development trajectory is expected to continue over the next years, with the sector predicted to contribute EGP 2.1 trillion to the nationwide economy by 2035, representing 8.4% of GDP.
Visitor Costs Surpasses Pre-Pandemic Levels
In 2024, visitor spending in Egypt reached extraordinary levels. International visitor expenditure increased to EGP 726.9 billion, a 36.1% boost compared to 2019. Domestic visitor costs rose considerably, reaching EGP 449.9 billion, 31.8% above pre-pandemic levels. These figures highlight the robust healing and continual need for travel in Egypt.
The upward trend in visitor costs is anticipated to continue in 2025. International visitor costs is forecasted to increase to EGP 768.2 billion, while domestic spending is anticipated to reach EGP 460.6 billion. This continued growth suggests a strong recovery trajectory for Egypt’s tourist sector.
Work Development Exceeds 2019 Levels
The tourism sector’s growth has likewise favorably affected work. In 2024, the sector supported 2.7 million tasks, surpassing the work levels of 2019. This pattern is expected to persist, with employment forecasted to increase to 2.9 million jobs in 2025, marking a 22.3% boost compared to 2019. This growth in work highlights the sector’s important function in job production and economic stability.
Long-Term Development Prospects
The WTTC prepares for a years of continual development for Egypt’s Travel & Tourism sector. By 2035, work in the sector will reach 3.8 million tasks, representing 10.5% of total work. International visitor costs is forecasted to increase to EGP 1.1 trillion, while domestic spending is anticipated to reach EGP 627 billion. These forecasts highlight Egypt’s prospective to turn into one of the area’s most lively and sustainable tourist economies, even more strengthening its function in the nationwide and regional financial landscape.
Julia Simpson, President & CEO of the WTTC, discussed the sector’s renewal, noting the record-breaking financial contributions and increased visitor spending. She highlighted the sector’s dynamism, resilience, and vital role in Egypt’s development. Simpson highlighted Egypt’s abundant cultural heritage, world-class destinations, and enhanced connectivity as essential factors in bring in worldwide tourists. She also kept in mind that the federal government’s focus on investment, infrastructure, and sustainable tourism contributed to the sector’s success.