News

Cairo Tops the List for the Fastest Growing City in Tourism: WTTC

Cairo Tops the List for the Fastest Growing City in Tourism: WTTC

Source: Unknown

According to the latest City Travel and Tourism Impact Report published by the World Travel and Tourism Council, Cairo tops the list for the fastest growing cities in travel and tourism activity, constituting 34% of the country’s GDP in 2017.

The report explains that this rapid growth was achieved after a recovery from a long period of decline following the Arab Spring and frequent terror attacks, including the Russian Metrojet plane crash in 2015.

However, while tourism is on the rise, the report adds that “it remains well below its 2010 peak,” when an estimated number of 14.7 million tourists visited Egypt and generated 12.5 billion USD in revenue.

Meanwhile, Macau in China came second, with a 14.2% spike in tourism GDP activity, followed by Istanbul in Turkey, which experienced a 13.2% growth in the sector.

The report highlights that cities have now become major drivers for travel and tourism activity, and that according to the Oxford Economics’ Global City Travel (GCT), travel destinations to the most popular cities accounts for over half a billion trips per year.

It also adds that cities are now “global economic hubs” and play an important role in increasing economic growth for a nation as a whole, noting the importance of the tourism sector in contributing to the growth of the GDP.

The tourism sector in Egypt faced a huge setback following the January 2011 revolution, seeing a 37 percent decline in visitors.

However, things started to take a positive turn as the United Nations World Tourism Organisation reported in 2017 that Egypt is the second fastest growing destination in the world.

Currently, the government is taking several measures to boost the tourism sector, from attempts to eliminate terrorism in the Sinai Offensive launched this year and announcing new projects, such as the new administrative capital and the grand new Egyptian museum expected to open in early 2019.

Saudi Arabia to Prosecute the Killers of Saudi Journalist Khashoggi: Jubeir
Egypt Committed to Boosting Innovation and Entrepreneurship: Ministry of Communications and Information

Subscribe to our newsletter


News

More in News

Over 180 Jews Fly in to Celebrate ‘Shabat’ at Recently Restored Alexandrian Synagogue

Egyptian StreetsFebruary 17, 2020

Egypt’s Music Syndicate Bans Popular Mahraganat Music

Egyptian StreetsFebruary 17, 2020

European Parliament President Calls for Release of Student Activist Patrick

Egyptian StreetsFebruary 16, 2020

#DaughtersOfTheNation: Voices From the First Ever Women’s March in Iraq

Mirna AbdulaalFebruary 15, 2020

Breaking: Egypt Reports First Case of Coronavirus

Egyptian StreetsFebruary 14, 2020

In Pictures: Snow Covers Baghdad for the First Time Since 2008

Egyptian StreetsFebruary 14, 2020

Egypt’s Aswan Women Film Festival: Blending Creativity With Women’s Activism

Mirna AbdulaalFebruary 13, 2020

Egypt’s Population Hits 100 Million: CAPMAS

Egyptian StreetsFebruary 11, 2020