Boston, MA -- (SBWIRE) -- 11/20/2014 -- BMI's Egypt Tourism Report examines the investment potential Egypt offers to large tourism-focused industries - particularly global hotel groups - as they seek to harness the significant growth opportunities offered by the local market over the long term.

Over the past quarter, there have been increasing signs that the worst may now be over for Egypt's beleaguered tourism sector, in line with BMI's long-held views on the subject. Indeed, the latest available data from the Central Agency for Public Mobilisation and Statistics (CAPMAS) as this report was being compiled showed a 15.8% annual rise in the number of tourists visiting Egypt over July 2014, to 885,765.

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Greater political stability following the election of Abdel-Fattah el-Sisi as President in May is heralding a recovery in tourism arrivals, with local newspaper Al-Ahram estimating that 997,500 visitors arrived in August, which would represent a 15-month high if confirmed in the final data.

Year-to-date, a total of 5,313,338 tourists have visited Egypt. On current trends, this would suggest a final-year outcome in the order of 9.1mn tourists. As such, BMI is happy to revise up its forecasts for 2014 arrivals this quarter, from a 15% annual decline, to a 4% annual decline. One further potential downside risk to tourism inflows stems from the parliamentary elections due to take place in November or December. However, should these pass without significant incident, then we would expect additional reductions in political risks and thus a further normalisation of tourist numbers heading into 2015. For now, we are estimating a 3% growth in tourist arrival numbers in 2015, but this may well be revised upwards.

Looking at inbound tourism flows by region, Europe is the largest source market for Egypt, accounting for 62.9% of the total forecast for 2014. It is now increasingly Eastern Europe, and specifically Russia, that is accounting for most of the arrivals from Europe. This trend towards greater number of...

The Egypt Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Egypt Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Egyptian tourism industry.

Key Benefits

- Benchmark BMI's independent tourism industry forecasts for Egypt to test other views - a key input for successful budgetary and planning in the Egyptian tourism market.
- Target business opportunities and risks in the Egyptian tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Egypt.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

This contains a synopsis of our forecasts, and any changes, together with an overview of key trends and developments in the tourism industry, and an assessment of the impact of various economic and national factors which might affect the sector. It also covers new transport projects, new hotel developments, and acquisitions.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the tourism sector and within the broader political, economic and business environment.

BMI Industry Forecast Scenario

Forecasts to end-2018 for all key indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

Inbound tourism: Arrivals (?000), arrivals growth (% y-o-y), arrivals by region, growth (% y-o-y), arrivals by country, growth (% y-o-y), top 10 countries based on arrivals, growth (% y-o-y).

Outbound tourism: Departures (?000), growth (% y-o-y), departures by regional destination (?000 and growth % y-o-y).

Travel: Methods of travel for arrivals (Air, Ship, Rail), (?000) and (% growth y-o-y), international Tourism receipts for transport (US$bn), (growth % y-o-y), international Tourism receipts for travel items (US$bn), (growth % y-o-y).

Hotels: Hotel industry value (US$bn), (growth % y-o-y), (%GDP), (per capita), (per employee), number of hotels and like establishments (?000), (growth % y-o-y), total overnight stays, (?000), (growth % y-o-y), length of stay, occupancy rate (%), number of hotel rooms, (?000), (growth % y-o-y).

Industry Risk Reward Rankings

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