TravTalk Middle East Online Magazine
Developed in collaboration with Oxford Economics, WTTC’s latest Economic Impact Research (EIR) report states that the Travel & Tourism sector contributed EGP1.4tn to Egypt’s GDP in 2024, accounting for 8.5 per cent of the national economy. This was the highest-ever contribution from the sector to the national economy, with 2025 expected to be better than last year.
TT Bureau
The Economic Impact Research (EIR) report forecasts an annual growth of 4.9 per cent for Egypt’s GDP in 2025, including a new all-time high of 8.6 per cent contribution from the Travel & Tourism sector. This underlines the central role of Travel & Tourism in Egypt’s economic development.
Visitor spending over 2019 records
2024 also marked the strongest year on record for visitor spending. International visitor expenditure reached EGP726.9 billion, up 36.1 per cent compared to 2019, while domestic visitor spending rose to EGP449.9 billion, 31.8 per cent above pre-pandemic levels. This upward trend is set to continue. In 2025, international visitor spending is projected to increase to EGP768.2 billion, and domestic spending is expected to reach EGP460.6 billion, maintaining the country’s strong recovery and sustained demand across both international and local travel.
Employment growth also exceeds
In addition to record-breaking economic contribution and visitor spending in 2024, the sector supported 2.7 million jobs, exceeding the 2019 peak. This growth is set to continue, with 2025 employment forecast to rise to 2.9 million, marking a 22.3 per cent increase compared to 2019. Julia Simpson, President & CEO, WTTC, said: “Egypt’s Travel & Tourism sector is experiencing a powerful resurgence, with record-breaking economic contribution and a sustained surge in visitor spending. These numbers reflect a sector on the rise.”
