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Tourism is one of the leading sources of income, crucial to Egypt's economy.At its peak in 2010, the sector employed about 12% of workforce of Egypt, [1] serving approximately 14.7 million visitors to Egypt, and providing revenues of nearly $12.5 billion [2] as well as contributing more than 11% of GDP and 14.4% of foreign currency revenues.
Though Israel directly borders Egypt, most of the country’s major cities and tourists sites are a substantial distance away. Sharm el Sheikh is the closest, though it is still over two-and-a ...
Politics of Egypt. Visitors to Egypt must obtain a visa from one of the Egyptian diplomatic missions unless they come from one of the visa exempt countries or countries that are eligible for visa on arrival. Visitors must hold passports that are valid for at least 6 months from the date of arrival to Egypt.
Signature Travel Network writer and Huffington Post columnist Jean Newman Glock notes that Egypt's cultural tourism trade is worth $10 to every $1 spent by tourists whose travel focuses on Egypt's Red Sea resorts. [3] As a result, she says, "Egypt is hoping those interested in exploring their antiquities will return, in great numbers, soon." [3]
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Passenger transport, travel agency, accommodation. Revenue. E£ 8.8 billion (2008) [1] Number of employees. 24,000 (2010) Website. www.travcogroup.com. The Travco Group is a travel and tourism company in Egypt. Travco Group provides tourist services, transport, ranging from air travel to cruises as well as accommodation for tourists.
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