Av­er­age ex­pen­di­ture of tourists in­creased by 7.5% to $88.20

The Daily News Egypt - - Business - By Ahmed Saad

The av­er­age ex­pen­di­ture of tourists com­ing to Egyp­tian des­ti­na­tions in­creased to reach $88.20 dur­ing the first half of this year.

The sub-ac­counts unit of the Egyp­tian Min­istry of Tourism said that the av­er­age ex­pen­di­ture in­creased by 7.5% ($6.2) this year from $82 in the same half last year.

Sources told Daily News Egypt that the rise in the av­er­age ex­pen­di­ture of tourists was driven by a change in the com­po­si­tion of tourists and their na­tion­al­ity and de­pen­dence on new mar­kets.

The source high­lighted Chi­nese and Ja­panese tourists amongst the new mar­kets that con­trib­uted to the in­crease, along with the grow­ing num­ber of Gulf tourists.

More­over, the sources said that these na­tion­al­i­ties are among the most spend­ing na­tion­al­i­ties around the world.

The Min­istry of Tourism has worked on the use of new mech­a­nisms to pro­mote the in­flow of tourists to Egyp­tian des­ti­na­tions, in­clud­ing a new flight in­cen­tive pro­gram.

The min­istry has be­gun to stim­u­late reg­u­lar flights, which brings a kind of high-spend­ing tourist, as well as stim­u­lat­ing char­ter flights.

The Min­istry of Tourism de­cided to pay the fi­nan­cial stim­u­lus to the avi­a­tion pro­gramme of the Egyp­tian Air­ports Com­pany owned by the gov­ern­ment, the lat­ter to re­duce the fees for for­eign avi­a­tion in the same value, in­stead of deal­ing di­rectly be­tween the min­istry and for­eign com­pa­nies.

A re­port is­sued by the Min­istry of Plan­ning said that the cur­rent fis­cal year 2017/2018 will see some 10.5 mil­lion tourists com­ing to Egypt against 6.5 mil­lion who vis­ited last year—an es­ti­mated in­crease of 61.5%.

The re­port added that the ex­pected rev­enues dur­ing the cur­rent fis­cal year will reach $7.8bn, up from $4.8bn last year, mark­ing a growth of 62.5%, adding that rev­enues will reach $28.4bn by 2019/2020.

A gov­ern­ment of­fi­cial told Reuters that Egypt’s rev­enues from the tourism sec­tor jumped 170% to $3.5bn in the first seven months of this year and that the num­ber of tourists in­creased by 54%.

Chi­nese and Ja­panese tourists amongst the new mar­kets that con­trib­uted to the in­crease

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