Noida, UP -- 12/18/2011
Tourism is the main source of foreign exchange
earnings for Egypt, a leading Middle-East country in terms of tourist
arrivals. Underpinned by the country’s promotional activities and its
strategic location, the Egyptian tourism industry has expanded at a
rapid rate in the past few years. According to “Egypt Tourism Sector
Analysis”, the new research report by RNCOS, the international tourist
arrivals are anticipated to continue to grow at a CAGR of 9.2% during
the forecast period (2011-2014).
Research Analysis and Highlights
An in-depth research and rational analysis of the current size and
future prospects of the Egyptian tourism industry have been provided in
the 50-page report by RNCOS. The report provides forecasts on
international tourist arrivals, international tourist receipts,
international tourist departures, and international tourist
expenditures for 2011-2014.
The report also presents an analysis of accommodation facilities and
aviation industry which provides a strategic insight to clients for
evaluating the opportunities prevailing in the Egyptian tourism
industry. Some of the key highlights of the report are:
- Russia, Germany, the UK, and Italy account for a large number of
visitors in Egypt. Altogether, Europe accounted for over 75% of the
total tourists who visited Egypt in 2010.
- Increasing disposable income levels are likely to open up several
opportunities for both outbound and domestic tourism in Egypt. It is
expected that per head disposable income in the country is likely to
grow at a CAGR of 12.3% during 2011-2014.
- Egypt is eyeing around 13 Million tourists by 2014-end. To achieve
this target, the country needs to invest heavily in the infrastructure.
This represents a huge opportunity for construction and manufacturing
sectors, and other related industries.
- Per head expenditure by outbound tourists in Egypt is projected to increase by about 16% in 2014 from 2010.
- Political unrest hampered the growth of the tourism industry. It has led to the economic losses of over U$1 Billion.
http://www.sbwire.com/press-releases/sbwire-119013.htm
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