GCC tourism spend in Egypt will increase 11% in 2020 generating $2.36 billion, says new ATM report

• Saudi Arabian visitor spend to grow 11% to $1.13 billion by 2024
• Total tourism spend in Egypt reached $16.4 billion in 2019 and is expected to jump to $29.7 billion in 5 years

GCC tourists to Egypt will spend $2.36 billion in 2020, an increase of 11% over 2019, with visitors from Saudi Arabia driving this growth, according to new data published ahead of Arabian Travel Market 2020, which takes place at Dubai World Trade Centre from 19-22 April 2020.

Visitors from Saudi Arabia to Egypt made 1,410 trips in 2019 with a forecast of 1.8 million tourists by 2024, a Compound Annual Growth Rate (CAGR) of 5%. In terms of tourism expenditure, Saudi Arabian visitors spent $633 million in 2019 which is estimated to grow at a CAGR of 11% through to 2024, reaching $1.13 billion, according to Colliers International research commissioned by the organiser of ATM, Reed Travel Exhibitions.

Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “Total tourism receipts in Egypt which stood at $16.4 billion in 2019, will achieve an average 13% CAGR over the next five years to reach $29.7 billion.”