Photo Credit: Freepik
According to the Ministry of Tourism and Antiquities, Egypt's tourism rates climbed by more than 36% in October 2023, representing growth that is eight times greater than the global tourism rate of 4.5% during the same period.
In October 2023, around 1.3 million tourists from 80 different countries visited Egypt, representing an 8% increase from October 2022, meanwhile, the Ministry of Tourism and Antiquities plans to build 25,000 new hotel rooms by the middle of 2024 as part of a bigger strategy to attract 30 million tourists by 2028.
According to Central Bank of Egypt estimates, tourism income climbed by 26.8% in the fiscal year 2022/2023, reaching around USD 13.6 billion, up from USD 10.7 billion the previous year.&nbsp;
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