NUWEIBA, South Sinai — Over the past six months, tourism sector investors in South Sinai have sold their furniture, kitchen equipment, safari jeeps, diving gear and in some cases were forced to give up whole facilities in return for the debts they’ve compiled due to severe income shortages and flaring prices.

Driving from Taba, Sinai’s last beach town on the Israeli border, dozens of resorts and beach camps dotting the 45-mile road to Nuweiba were deserted. The Red Sea’s powerful winds, once ridden by thousands of surfers from across the world, tore down the palm-leaf bungalows and blew piles of sand into the wooden beach cabins viewing the Aqaba Gulf and a sun rising above the mountainous shores of Saudi Arabia.

Business owners in Nuweiba and Dahab, two of South Sinai’s top tourist destinations, believed that the tourism sector scored its highest losses since President Mohammed Morsi took office in June 2012, a state of depression that shattered their expectations of a flourishing business that would emerge with the political stability Egyptians hoped the elected president will bring after a couple of years of instability that followed the January 25 uprising that overthrew former president Hosni Mubarak.

“The profit I am making now is barely a quarter of what I used to make last year,” said Amr Hagras, a 30-year-old who owns a restaurant on the beach front of Dahab.