Egypt Tourism & Hospitality Industry Market Report
- The Trade Adviser
- Jun 19, 2024
- 1 min read
Updated: Jun 14
The tourism and hospitality industry in Egypt is a vital sector, contributing significantly to the national economy. As of 2023, the tourism and hospitality sector is valued at approximately USD 12 billion, with cultural tourism, beach resorts, and Nile cruises being the primary attractions (source: Egyptian Ministry of Tourism and Antiquities).
The sector has seen an annual growth rate of 10% over the past five years, driven by increased international arrivals, government initiatives, and infrastructure development. Egypt's GDP stood at USD 403 billion in 2022, with the tourism and hospitality sector accounting for about 3% of the total (source: World Bank). The future growth potential of the sector is substantial, with projections indicating that the market could reach USD 20 billion by 2030, supported by ongoing investments and marketing efforts.
