While arrivals from Europe are expected to be the largest contributor on a regional basis, increasing from 6,2 million in 2018 to 9,1 million tourists in 2022, the latest research from Colliers International revealed arrivals from the Middle East will actually witness the highest Compound Annual Growth Rate (CAGR) at 11 percent.
Danielle Curtis, exhibition director ME, Arabian Travel Market, said, “Over the last 12 months, Egypt’s tourism industry has witnessed healthy and steady growth, with arrivals up 14,5 percent from 8,3 million in 2017 to 9,5 million in 2018. Growth has been fuelled by the cheaper Egyptian Pound and government incentives for charter airlines operating international flights. Adding to this, we are witnessing this growth first hand at ATM with the total number of attendees coming from Egypt increasing 16 percent YoY.”