Egypt sees tourism revenues at $9bn; down 30pc
Cairo, December 13, 2011
Egypt expects to earn about $9 billion from tourism in 2011, down about third on a year earlier after many visitors were deterred by an uprising that toppled Hosni Mubarak in February and unrest that followed, a senior official said on Tuesday.
'We expect around 30 to 35 percent less revenue than last year which means it is going to be around $3.5 billion to $4 billion less, so we are speaking about a figure around $9 billion.' Hisham Zaazou, senior assistant to the tourism minister, told Reuters.
He put 2010 revenues at $12.5 billion. - Reuters