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Egypt's Tourism Revenue Drops by 43 Percent in First Quarter


FILE - A man sits on his camel in front of the Pyramids at Giza, Egypt, July 13, 2013. (A. Arabasadi/VOA)
FILE - A man sits on his camel in front of the Pyramids at Giza, Egypt, July 13, 2013. (A. Arabasadi/VOA)
Egypt's tourism revenues dropped 43 percent in the first quarter of 2014 to $1.3 billion, Adela Ragab, the country's economic adviser to the minister of tourism, told Reuters on Wednesday.

The tourism sector, which has been damaged by the political instability that followed a popular uprising that toppled autocrat Hosni Mubarak in 2011, suffered another blow in
February when a coach carrying Korean tourists was bombed by extremists.

Ragab said around 15 countries issued travel warnings against Egypt after the incident, which contributed to a 30 percent drop in the number of tourists in the first quarter to
two million people.

The sector saw a 41 percent drop in revenue last year to $5.9 billion compared to the year earlier after hundreds were killed in the violence that followed the army's overthrow of democratically-elected President Mohamed Morsi in July.
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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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