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Egypt Tourism Report Q1 2016

  • January 2016
  • -
  • Business Monitor International
  • -
  • 32 pages

Includes 3 FREE quarterly updates

BMI View: The short-term outlook for Egypt's tourism industry is extremely poor The downing of theRussian airliner over Sinai in October 2015 led to the widespread cancellation of flights, evacuation ofthousands of tourists and suspension of further flights to Sharm el-Sheikh until 2016 Many governmentsare now advising against all but essential travel to the country and tourism in many regions has largelycollapsed, leading to the Tourism Ministry estimating monthly losses at around EGP22bn (USD280mn)Prior to these events we were forecasting a recovery in the tourism sector but this has now been pushedback to 2017 and is heavily dependent upon an improvement in the security situation

Key Updates and Forecasts

- Major airlines including British Airways and budget airlines Monarch and easyJet have all suspendedflights to Sharm el-Sheikh until 2016 Flights continue to other airports including the country's busiest,Cairo International Airport
- Flights from Russia to Egypt are also expected to resume in early 2016 though with Egyptianinvestigators claiming terrorism was not responsible for the downing of the Russian jet we may see afurther deterioration in already contentious political relations

Table Of Contents

Egypt Tourism Report Q1 2016
BMI Industry View 5
Table: Key Forecasts (Egypt 2012-2019) 5
SWOT 7
Tourism 7
Industry Forecast 9
Table: Inbound Tourism (Egypt 2012-2019) 13
Table: Tourism Receipts (Egypt 2012-2019) 14
Table: Hotel Accommodation (Egypt 2012-2019) 16
Table: Tourist Departures and Consumption (Egypt 2012-2019) 17
Industry Risk/Reward Index 18
Tourism Risk/Reward Index 18
Table: Middle East and North Africa Tourism Industry Risk/Reward Index 18
Security Risk 19
Market Overview 21
Competitive Landscape 26
Domestic Hotel Groups 26
Table: Domestic Hotel Groups 26
International Hotel Groups 28
Table: International Hotel Groups 28
Methodology 29
Industry Forecast Methodology 29
Risk/Reward Index Methodology 30
Table: Weighting Of Indicators 32

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