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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 , 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 rich historical heritage of the country as well as significant initiatives by government authorities to revitalize the sector are the factors responsible for the growth of the Egypt travel and tourism market. Additionally, ancient landmarks of Egypt, such as the Pyramids of Giza and the temples of Luxor, continue to attract tourists from around the world.
The focus of the government authorities on improving tourism infrastructure, including the development of new airports, roads, and hospitality facilities, is enhancing the overall travel experience. Moreover, initiatives like the Egypt Tourism Reform Program aim to diversify tourism offerings by promoting lesser-known destinations and cultural experiences. The easing of travel restrictions and visa policies is also playing a crucial role in boosting international tourist arrivals.
Egypt Travel and Tourism Market Trends & Drivers:
Key trends in the Egypt travel and tourism market include the rise of sustainable and eco-friendly tourism practices. In addition to this, there is a growing emphasis on protecting the natural environment and preserving cultural heritage sites, which is attracting environmentally conscious travelers. Furthermore, the adoption of digital technologies, such as online booking platforms and virtual tours, is enhancing accessibility and convenience for tourists thereby escalating the market.
Apart from this, the development of luxury and boutique hotels, as well as unique accommodation options like desert camps and eco-lodges, is catering to diverse traveler preferences. The market is also seeing an increase in health and wellness tourism, with visitors seeking experiences that promote relaxation and well-being, which is anticipated to drive 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.
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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IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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