Fitch Solutions raised its expectations for Egypt's tourism revenues in 2025, which will witness strong growth to reach about $17.4 billion, compared to an estimated $16.3 billion in 2024.
Fitch added in its latest report for the first quarter of 2025, which includes its expectations for the future of Egyptian tourism for the next 5 years until 2028 that revenues are expected to reach $19.8 billion in 2028, which is the end of the forecast period.
The report continued that Egyptian tourism revenues will reach $18.4 billion in 2026, and will reach $19.2 billion by the end of 2027.
Fitch explained that the improvement in consumer spending in Europe, the Middle East and North Africa (MENA) will lead to growth in revenues per visitor.
The report indicated that many tourists visiting Egypt are relatively wealthy travelers with high purchasing power, especially from the United Kingdom, Germany, and the Gulf Cooperation Council countries (GCC).
The Fitch report stated that the tourism market in Egypt is well-established and is a popular destination for travelers from Europe, especially during the holiday season, noting that the Egyptian destination has unique diversity and tremendous tourism potential, whether beach or cultural, in addition to the presence of 7 Egyptian archaeological sites registered on the UNESCO World Heritage List.
It noted that regional geopolitical tensions resulting from the Israeli aggression on Gaza cast a negative shadow on the institution's positive expectations.
It pointed out that the countries of Europe, the Middle East and North America are the main markets that enhance the growth of tourists coming to Egypt in the medium term until 2028.
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