Egypt Tourism Report Q1 2016

Date: January 6, 2016
Pages: 32
US$ 1,295.00
Report type: Strategic Report
Delivery: Download

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Includes 3 FREE quarterly updates

BMI View: The short-term outlook for Egypt's tourism industry is extremely poor. The downing of the Russian airliner over Sinai in October 2015 led to the widespread cancellation of flights, evacuation of thousands of tourists and suspension of further flights to Sharm el-Sheikh until 2016. Many governments are now advising against all but essential travel to the country and tourism in many regions has largely collapsed, leading to the Tourism Ministry estimating monthly losses at around EGP2.2bn (USD280mn).

Prior to these events we were forecasting a recovery in the tourism sector but this has now been pushed back to 2017 and is heavily dependent upon an improvement in the security situation.

Key Updates and Forecasts
  • Major airlines including British Airways and budget airlines Monarch and easyJet have all suspended flights to Sharm el-Sheikh until 2016. Flights continue to other airports including the country's busiest, Cairo International Airport.
  • Flights from Russia to Egypt are also expected to resume in early 2016 though with Egyptian investigators claiming terrorism was not responsible for the downing of the Russian jet we may see a further deterioration in already contentious political relations.
BMI Industry View
    Table: Key Forecasts (Egypt 2012-2019)
Industry Forecast
    Table: Inbound Tourism (Egypt 2012-2019)
    Table: Tourism Receipts (Egypt 2012-2019)
    Table: Hotel Accommodation (Egypt 2012-2019)
    Table: Tourist Departures and Consumption (Egypt 2012-2019)
Industry Risk/Reward Index
Tourism Risk/Reward Index
    Table: Middle East & North Africa Tourism Industry Risk/Reward Index
Security Risk
Market Overview
Competitive Landscape
Domestic Hotel Groups
    Table: Domestic Hotel Groups
International Hotel Groups
    Table: International Hotel Groups
Industry Forecast Methodology
Risk/Reward Index Methodology
    Table: Weighting Of Indicators
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