Egypt’s Tourism Rates Increased by 36% in October 2023

Egypt’s tourism rates have increased by more than 36% in October 2023, demonstrating growth that is eight times higher than the global tourism rate of 4.5% during the same period, according to the Ministry of Tourism and Antiquities.

Around 1.3 million tourists from 80 different countries visited Egypt in October 2023, making an 8% increase compared to October 2022. Meanwhile, 25,000 new hotel rooms are set to be established by the middle of 2024, as part of a larger project by the Ministry of Tourism and Antiquities to attract 30 million tourists by 2080.

According to reports from the Central Bank of Egypt, tourism revenues have increased by 26.8% in the fiscal year 2022/2023, reaching approximately USD 13.6 billion, a jump from the USD 10.7 billion recorded in the previous fiscal year.