Forecast: International Receipts for Tourism in Egypt

The international receipts for tourism in Egypt stood at $14.91 billion in 2023. Over the last two years, we observed a 14.09% increase from 2021 to 2022, followed by a moderate 2.56% rise from 2022 to 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 3.25%, reflecting an overall stable upward trend despite the disruptions in 2020 due to the global pandemic.

Looking ahead, Egypt's tourism receipts are forecasted to continue growing modestly with a forecasted CAGR of 1.96% from 2023 to 2028, leading to a 10.21% growth over this period. The projections suggest a positive outlook, expecting a rise to $16.77 billion by 2028.

Future trends to watch for:

  • Impact of global geopolitical stability on tourism in the region.
  • Effectiveness of Egypt's tourism promotion strategies and infrastructure investments.
  • Potential fluctuations in global travel behavior and economic conditions.
  • Development of sustainable tourism practices and their reception by international tourists.

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