Egypt tourism makes a comeback in first quarter 2010

Egypt recorded a 24 percent increase in tourism revenue in the first quarter of 2010 as the industry recovered from last year’s global financial crisis.

Revenue increased to $2.7 billion for the three months through March. Tourist arrivals advanced 29 percent to 3.46 million visitors.

Tourism in Egypt, which accounts for more than 12 percent of jobs, generated $10.76 billion in 2009.

Besides its historical attractions, Egypt also draws tourists seeking sun, sand and diving along its Red Sea coast and in the Sinai Peninsula. Russia maintained its position as the main source of tourists to Egypt, with arrivals from the country growing 93.5 percent in the first quarter and revenue increasing 80 percent over the same period in 2009.

Bloomberg

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