According to the latest report by IMARC Group, titled “Egypt Travel and Tourism Market Report by Type (Domestic, Inbound, Outbound), Service Offering (Ticket Reservation, Hotel Booking, Holiday/Tour Packages, and Others), Purpose of Visit (Business, Leisure and Recreation, Education, Medical, Social Activity, and Others), Booking Type (Travel Companies, Travel Agencies, Online, and Others), and Region 2024-2032,” the report presents a thorough review featuring the travel and tourism market size in Egypt, growth, share, trends, and research of the industry.

The Egypt travel and tourism market size reached USD 2.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 7.3 Billion by 2032, exhibiting a growth rate (CAGR) of 14.60% during 2024-2032.

Egypt's market is primarily driven by the nation's rich historical and cultural heritage, featuring iconic landmarks such as the Pyramids of Giza and the temples of Luxor. Additionally, Egypt's strategic location enhances its appeal as a travel destination. Moreover, government initiatives to enhance tourism through improved infrastructure and promotional campaigns are playing a pivotal role in attracting a larger tourist base.

Furthermore, Egypt's expanding luxury hotel sector, coupled with the rise of eco-tourism and adventure travel, has diversified the market. The affordability of travel packages also makes Egypt a competitive destination for budget travelers. Besides, the favorable climate and scenic landscapes offer ample opportunities for leisure and recreational activities. The increasing air connectivity with major international markets has further facilitated the growth of the tourism industry in Egypt.

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Egypt Travel and Tourism Market Trends & Drivers:

The scope of market is broadening due to rising investment in tourism infrastructure, such as the expansion of airports, improved road networks, and modernized hospitality services. In addition, the government's efforts to diversify its tourist offerings by promoting new destinations are attracting different visitor segments. Medical and wellness tourism is also emerging as a niche, contributing to the market's expansion. The growing interest in cultural and heritage tourism is further broadening the market's scope.

The growth of Egypt's domestic tourism market, spurred by rising incomes and the development of affordable travel options, complements international visitor numbers. The uptick in online travel platforms and digital booking services has also facilitated easier access to travel information, boosting both local and international tourism. According to market analysis, these developments are creating a sustainable pathway for the continued growth of Egypt's travel and tourism sector.

Egypt Travel and Tourism Market Report Segmentation:

The report provides an analysis of the key trends in each segment of the market, along with forecasts at the country levels for 2024-2032. The market has categorized based on type, service offering, purpose of visit, and booking type.

Breakup by Type:

• Domestic
• Inbound
• Outbound

Breakup by Service Offering:

• Ticket Reservation
• Hotel Booking
• Holiday/Tour Packages
• Others

Breakup by Purpose of Visit:

• Business
• Leisure and Recreation
• Education
• Medical
• Social Activity
• Others

Breakup by Booking Type:

• Travel Companies
• Travel Agencies
• Online
• Others

Breakup by Region:

• Greater Cairo
• Alexandria
• Suez Canal
• Delta
• Others

Competitor Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key highlights of the Report:

• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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