US$4.1 billion in tourism revenues during the first quarter

The Central Bank of Egypt revealed, in the Balance of Payments report, that tourism revenues rose by 43.5 percent to record US$ 4.1 billion compared to US$ 2.8 billion during the same of last year.

The CBE said that this is mainly attributed to the rise in the number of tourist nights by 47.1 percent to 43.6 million.

There have also been rises  in the number of tourist arrivals to Egypt by 52.2 percent to register 3.4 million.

Meanwhile, the report said that the Egyptian workers’ remittances went down by 20.9 percent to register US$ 6.4 billion compared to US$ 8.1 billion during the same period of last year.