Egypt

Number of tourists visiting Egypt drops 5.5 % in February 2015

The total number of tourist arrivals to Egypt dropped 5.5 percent in February 2015 compared in the previous month, the Finance Ministry reported on Saturday.

The report indicated that a total of 640,200 tourists visited Egypt in February 2015, down from the 677,500 who visited during January 2015, while the number of tourists' arrivals increased  3.8 percent in February compared to the same month last year..

The report indicated that the tourist nights decreased 17.6 percent during the month of February 2015 to reach almost 5.6 million nights, compared to 6.8 million nights during January 2015.

Tourism activities, Suez Canal revenues, and  workers' remittances, are the main sources of foreign currencies that the Net International Reserves (NIR) in Egypt depends on. 

 The NIR in Egypt decreased to 15.3 US$ billion in March of 2015 from 15.5 billion in February of 2015.

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