According to the latest report by IMARC Group, titled “Egypt Travel and Tourism Market Report by Type (Domestic, Inbound, Outbound), Service Offering (Ticket Reservation, Hotel Booking, Holiday/Tour Packages, and Others), Purpose of Visit (Business, Leisure and Recreation, Education, Medical, Social Activity, and Others), Booking Type (Travel Companies, Travel Agencies, Online, and Others), and Region 2024-2032,” the report presents a thorough review featuring the Egypt travel and tourism market forecast, growth, share, trends, and research of the industry.
The Egypt travel and tourism market size reached US$ 2.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.3 Billion by 2032, exhibiting a growth rate (CAGR) of 14.60% during 2024-2032.
The popular cultural heritage of the country, as well as efforts by government authorities to boost tourism, are the factors responsible for the growth of the Egypt travel and tourism market. Additionally, the market for travel and tourism is expanding as Egypt remains a top destination for travelers seeking cultural experiences, with iconic sites such as the Pyramids of Giza, Luxor, and the Nile River.
In recent years, the government authorities have implemented initiatives like the "Egypt Tourism Reform Program," aimed at modernizing tourism infrastructure, improving safety, and promoting new destinations such as eco-tourism spots and the Red Sea resorts. These efforts, combined with improved diplomatic relations and the return of key international flights, have significantly bolstered tourist arrivals.
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Egypt Travel and Tourism Market Trends & Drivers:
The growing interest in adventure and experiential travel, catering to younger and more adventurous tourists, is augmenting the Egypt travel and tourism market. In addition to this, a rise in activities like desert safaris, diving, and cruises along the Nile, which appeal to visitors seeking unique experiences, The growth of online traveling platforms and the increasing use of digital marketing strategies are making it easier for tourists to discover and book trips to Egypt, contributing to the expansion of the market. Furthermore, the efforts to develop its hospitality sector, with investments in new hotels and luxury resorts, are enhancing the overall travel experience. The combination of these factors, along with the continued global recovery in tourism following the pandemic, is anticipated to drive the Egypt travel and tourism market for sustained growth in the coming years.
Egypt Travel and Tourism Market Report Segmentation:
The report provides an analysis of the key trends in each segment of the market, along with forecasts at the country levels for 2024-2032. The market has categorized based on type, service offering, purpose of visit, and booking type.
Breakup by Type:
- Domestic
- Inbound
- Outbound
Breakup by Service Offering:
- Ticket Reservation
- Hotel Booking
- Holiday/Tour Packages
- Others
Breakup by Purpose of Visit:
- Business
- Leisure and Recreation
- Education
- Medical
- Social Activity
- Others
Breakup by Booking Type:
- Travel Companies
- Travel Agencies
- Online
- Others
Breakup by Region:
- Greater Cairo
- Alexandria
- Suez Canal
- Delta
- Others
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key highlights of the Report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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