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Reading: Egypt to restore less than 70% of its pre-COVID tourism numbers by 2022-end: Ex-official
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Dailynewsegypt > Blog > Business > Egypt to restore less than 70% of its pre-COVID tourism numbers by 2022-end: Ex-official
Business

Egypt to restore less than 70% of its pre-COVID tourism numbers by 2022-end: Ex-official

Nehal Samir
Last updated: 2022/08/09 at 9:01 PM
By Nehal Samir 5 Min Read
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Egypt to restore less than 70% of its pre-COVID tourism numbers by 2022-end: Ex-official
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Elhamy El-Zayat, the former chairperson of the Egyptian Tourism Federation (ETF), told Daily News Egypt that Egypt’s tourism will restore less than 70% of its pre-COVID level this year, but the sector will boom next year, especially after hosting COP27 next November.

Middle East tourist arrivals could reach about 50% to 70% of pre-pandemic levels by the end of this year, amid signs of a strong and steady recovery in the sector, according to the World Tourism Organization (UNWTO).

According to the latest UNWTO World Tourism Barometer, international tourism saw a strong rebound in the first five months of 2022, with almost 250 million international arrivals recorded. This compares to 77 million arrivals from January to May 2021 and means that the sector has recovered almost half (46%) of pre-pandemic 2019 levels.

“The recovery of tourism has gathered pace in many parts of the world, weathering the challenges standing in its way,” said UNWTO Secretary-General Zurab Pololikashvili. At the same time, he also advises caution in view of the “economic headwinds and geopolitical challenges which could impact the sector in the remainder of 2022 and beyond”.

The report explained that Europe  welcomed more than four times as many international arrivals as in the first five months of 2021 (+350%), boosted by strong intra-regional demand and the removal of all travel restrictions in a growing number of countries. The region saw particularly robust performance in April (+458%), reflecting a busy Easter period. In the Americas, arrivals more than doubled (+112%). However, the strong rebound is measured against weak results in 2021 and arrivals remain overall 36% and 40% below 2019 levels in both regions, respectively.

The same pattern is seen across other regions. The strong growth in the Middle East (+157%) and Africa (+156%) remained 54% and 50% below 2019 levels respectively, and Asia and the Pacific almost doubled arrivals (+94%), though numbers were 90% below 2019, as some borders remained closed to non-essential travel. Here, the recent easing of restrictions can be seen in improved results for April and May.

Rising tourism spending out of the major source markets is consistent with the observed recovery. The UNWTO explained that International expenditure by tourists from France, Germany, Italy and the United States is now at 70% to 85% of pre-pandemic levels, while spending from India, Saudi Arabia and Qatar has already exceeded 2019 levels.

In terms of international tourism receipts earned in destinations, a growing number of countries, it showed out that the Republic of Moldova, Serbia, Seychelles, Romania, North Macedonia, Saint Lucia, Bosnia & Herzegovina, Albania, Pakistan, Sudan, Türkiye, Bangladesh, El Salvador, Mexico, Croatia, and Portugal – have fully recovered their pre-pandemic levels.

Strong demand during the Northern Hemisphere summer season is expected to consolidate these positive results, particularly as more destinations ease or lift travel restrictions. As of 22 July, 62 destinations (of which 39 in Europe) had no COVID-19 related restrictions in place and an increasing number of destinations in Asia have started to ease theirs.

According to the International Civil Aviation Organization (ICAO), the overall reduction in international air capacity in 2022 will be limited to 20% to 25% of seats offered by airlines as compared to 2019. Such resilience is also reflected in hotel occupancy rates. Based on data from the industry benchmarking firm STR, global occupancy rates climbed to 66% in June 2022, from 43% in January.  

However, stronger than expected demand has created significant operational and workforce challenges, while the war in Ukraine, rising inflation and interest rates, as well as fears of an economic slowdown continue to pose a risk to recovery. The International Monetary Fund highlighted a global economic slowdown from 6.1% in 2021 to 3.2% in 2022 and then to 2.9% in 2023. At the same time, the UNWTO continues to work closely with the World Health Organization (WHO) to monitor the pandemic as well as emerging public health emergencies and their potential impact on travel.

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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
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