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 growing efforts to promote the tourism sector are one of the factors responsible for the growth of the Egypt travel and tourism market. Additionally, the market is propelled by the well-known landmarks of the country, such as the Pyramids of Giza, the Sphinx, and the temples of Luxor, which continue to attract millions of tourists.
The investments by government authorities in restoring and maintaining these sites, coupled with the expansion of tourism infrastructure, including new airports, hotels, and resorts, are key drivers of market growth. Moreover, initiatives such as the "Egypt Vision 2030" aim to boost tourism revenues by diversifying offerings to include adventure, cultural, and eco-tourism.
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Egypt Travel and Tourism Market Trends & Drivers:
The rise in domestic tourism is playing a significant role in Egypt's travel and tourism market growth as more Egyptians explore their own country. The increasing availability of affordable travel options and promotional packages by local travel agencies is encouraging this trend. Another significant factor is the growing interest in sustainable and experiential travel. Tourists are seeking more immersive experiences, which has led to a rise in demand for niche markets like heritage tours, desert safaris, and Nile River cruises.
Furthermore, the expansion of digital platforms for booking and organizing trips is making travel more accessible and convenient. This digitalization, along with the surge in social media influence, is transforming the travel and tourism landscape in Egypt. High investments in tourism infrastructure, marketing campaigns, and the diversification of offerings are expected to drive sustained growth in the Egypt travel and tourism market over the forecasted period.
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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