Egypt's "tourism rebound" is in full swing, according to a fact sheet circulated by the Egyptian Embassy in Washington last week. The latest numbers show increasing arrivals and revenues, which are set to rise by 47% by the end of this financial year, and is coupled with a promise from the Ministry of Tourism to double the size of the tourist sector by fiscal year 2017-18.
Daily occupancy rates in the Red Sea resort towns of Sharm el-Sheikh and Hurghada reached more than 70% at the start of June, a Ministry of Tourism spokesperson told Al-Monitor. This is welcome news for an industry that has arguably been the worst hit by Egypt's recent years of instability and violence broadcast around the globe.