The demonstrations in Egypt emptied the hotels and cruise ships, but the tourists are returning and most Egyptians hope the recovery will be quick. A large number of the population works in the tourism industry. There is hope that in the long run the revolution and its outcome will boost business.
With its year-round warm beaches and wealth of antiquities from the Pharaonic, Greco-Roman, Coptic – Islamic ages along with Contemporary art, Egypt has much to offer the tourist. Accounting for over a tenth of the GDP, Egypt earns over $10 billion from tourism annually.
Hotel occupancy Egypt sank after the unrest erupted on January 25th 2011. Meaning that Egypt lost at least $1 billion in this important industry that employs one out of every 7 citizens.
Many countries including the US and Canada issued travel warnings to Egypt, causing the tourism industry to collapse…
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