Skip to content Skip to Search
Skip navigation

Egypt’s tourism revenue tops $15bn in 2024

Egyptian archaeologists at work on the Nile's west bank in Luxor. Tourism is estimated to account for 8 percent of Egypt's GDP Reuters/Sayed Sheashaa
Egyptian archaeologists at work on the Nile's west bank in Luxor. Tourism is estimated to account for 8 percent of Egypt's GDP

Egypt’s tourism revenues more than doubled to $15.3 billion in 2024 compared to $7.2 billion in 2014 amid a major overhaul of the industry.

Inbound tourist numbers rose by 60 percent to 15.8 million last year from 9.9 million in 2014, local media outlets reported citing a report released by the cabinet’s media office.

The Cairo government has set a target of attracting 30 million annual tourists by 2032.

Under the national tourism strategy, the government offered investment incentives, including the launch of the $1 billion central bank initiative in October 2024 to support the tourism sector.

Additionally, the government’s tourism investment map currently offers 156 investment opportunities in the sector.

In addition, initiatives such as a tourist visa valid for five years have been rolled out, which allows more nations’ passport holders to obtain their visas upon arrival in Egypt.

In February 2024, Mohamed Kaoud, a hospitality consultant and associate director at Colliers International, predicted visitor numbers will continue to climb, with hotel occupancy rates in Cairo increasing from 70 percent to 73 percent.

The World Travel & Tourism Council estimates that the industry accounted for more than 8 percent of Egypt’s GDP in 2023 and provided about 2.5 million jobs.