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AlArabiya: Tourism falls 28.5% in January

International tourism department at the Tourism Ministry said rates had especially declined from Russia, Israel, Kuwait and Saudi Arabia.
04.03.12 | Interesting article at AlArabiya

Tourism rates dropped by 28.5 percent in January according to the latest official statistics, the government's top tourism official told Al-Masry Al-Youm Friday.

Samy Mahmoud, head of the international tourism department at the Tourism Ministry, said rates had especially declined from Russia, Israel, Kuwait and Saudi Arabia.

Israeli tourism dropped 60 percent at the same time last year, amid tensions on the Egypt-Israel border and Egypt's degraded security situation, he said. He added that tourism from Kuwait and Saudi Arabia fell 33 and 9 percent, respectively.

Mahmoud warned that this decline may lead to similar decline in the flow of foreign currency to the state treasury.