Forecast: International Spending for Tourism in Egypt

International spending on tourism in Egypt has demonstrated fluctuating trends from 2013 to 2023. The value stood at $3.57 billion in 2023, showing a modest increase of 0.63% from the previous year. Over the last two years, the tourism sector has recovered with a CAGR of 4.28%. The significant decline in 2020, followed by a strong rebound in 2021 and steady growth in 2022, highlights the sector's resilience and recovery post-pandemic. The five-year forecast predicts a slower average annual growth rate of 0.54%, with a forecasted value reaching $3.67 billion by 2028.

Future trends to watch for include:

  • The impact of global economic conditions on disposable income and travel spending.
  • Developments in regional stability and security measures in Egypt.
  • Innovations in the tourism industry, including digital marketing strategies and sustainable tourism practices.
  • Changes in international travel restrictions and health protocols due to ongoing or new health concerns.

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