2015 proved a record year for Oman’s tourist industry, with the number of incoming visitors topping those of previous years and wide media coverage promoting the country’s increasingly cemented status as a niche tourism destination. The preservation of the country’s natural surroundings and cultural traditions has allowed it to keep much of the spirit of “Old Arabia”, and indeed tourism has...
Tourism
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Oman’s long history of political stability coupled with its favorable international trade agreements and special economic zones has ensured strong growth in economic output and exports in recent years. The fall in global prices is undoubtedly a concern for the sultanate, but the sustained focus on diversification schemes, as well as the country’s ongoing spending commitments on big-ticket projects should ensure steady growth moving forward.
Articles & Analysis | Egypt's tourism sector showing strengths despite challenges from The Report: Egypt 2016
While Egypt has faced several challenges in recent years, tourism remains one of its leading foreign currency exchange providers and the sector is a key contributor to both GDP and job creation. The sector has historically played a central role in the economy, with its total contribution to GDP rising from 8.5% in 1988 to a high of 19.5% in...
Articles & Analysis | Local spending driving Egyptian tourism sector from The Report: Egypt 2016
Although foreign visitor arrivals have held up relatively well in the face of recent challenges, declining only modestly, the domestic and regional travel segments are expected to fare better, helping to offset an overall decline in sector revenues forecast at 15% for 2015. Ayman Altaranissi, director-general of the Egyptian Tourism Federation...
While Egypt has faced several challenges in recent years, tourism remains one of its leading foreign currency exchange providers and the sector is a key contributor to both GDP and job creation. This breadth in the tourism offering has helped the country develop into one of the most prominent destinations in the region, which is no small feat when one considers the competition. The Egyptian...
