Tourism is a vital economic sector for Egypt, contributing approximately 32 billion USD to GDP in 2022 according to recent figures. The industry also accounts for around 12% of total GDP, demonstrating its outsized importance to the national economy. Going forward, projections indicate continued strong growth, with the travel and tourism market expected to increase in value by 5.98% annually through 2028.
These statistics underscore tourism’s role as one of Egypt’s most important sources of foreign currency earnings and jobs. Major destinations like Luxor, Aswan, Hurghada and Sharm El Sheikh attract millions of visitors annually seeking Egypt’s rich cultural and natural attractions. From ancient ruins and pharaonic treasures, to beaches and diving along the Red Sea coast, Egypt offers a diversity of experiences that appeal to cultural and beach enthusiasts alike.
However, there remains significant untapped potential to further expand the sector. One strategy is diversifying tourism products and destinations. While Egypt is renowned for its iconic sites, developing new experiences centered around activities, local culture and lesser visited areas can appeal to more niche interests and help extend average visitor stays. Investing in infrastructure like transportation links and upgraded facilities at emerging locations also opens new regions to tourism.
As a leading management consulting firm, Ruskin Felix Consulting is well-equipped to support Egypt’s national tourism development goals. Our services include strategic planning to identify high potential areas for growth, as well as providing guidance on sustainable development practices that maximize economic benefits while protecting cultural and environmental assets. We also offer expertise in destination marketing and promotion. Leveraging our global network and experience garnered from other projects, RFC can help design and implement campaigns that boost visitor numbers from both traditional and new source markets. With the right strategies and execution, Egypt’s tourism industry is well-positioned to continue contributing significantly to GDP and job creation for years to come.
