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Total of $935bn loss in global export revenues from tourism, over $1.1trn loss in international tourism receipts, says Mohamed Kaoud.
03.01.21 | Interesting article at Daily News Egypt

Egypt’s tourism revenues have taken a significant hit due to the novel coronavirus (COVID-19) pandemic, decreasing by 67.2% in 2020.

The notable downturn follows the country reaping $13bn in revenues during 2019, according to Mohamed Kaoud, head of the Tourism and Aviation Committee at the Egyptian Junior Business Association (EJB).

Kaoud said that Egypt’s international tourist arrivals in 2019 reached 13 million, this figure slumped by 69.5% in 2020.

He added that the UN World Tourism Organization (UNWTO) has developed three scenarios for the tourism sector’s recovery, and is expecting a rebound in international tourism by the second half (H2) of 2021.