(openPR) - RNCOS has recently added a new Market Research Report titled, “Egypt Tourism Sector Analysis” to its report gallery. According to the report, tourism is the main source of foreign earning for Egypt, a leading Middle East country in terms of tourist arrivals. The tourism industry of the country has expanded rapidly over the past few years and underpinned by the promotional activities by the country, reforms done by the government and its strategic location, it will continue to grow at a fast pace in coming years.
This research report provides an in-depth analysis of the present and future prospects of the Egyptian tourism industry. It looks into Egypt’s tourism industry in detail with the focus on different parameters like inbound & outbound tourism, expenditure by inbound & outbound tourists, accommodation facilities, transportation facilities and aviation industry. This report provides strategic insight to clients to evaluate the opportunities for their success in the Egyptian tourism industry.
Key Research Findings
- Russia, Germany, UK, and Italy are the important destinations from where a large number of visitors come to Egypt. In future, the UK is expected to outpace Germany, acquiring second rank after Russia in terms of tourist arrivals.
- Increasing disposable income will open up several opportunities for both outbound as well as domestic tourism in Egypt. It is expected that per head disposable income in the country will go up at a CAGR of 5.36% during 2008-2012.
- Egypt is targeting to lure around 14 Million tourists by 2011 end. To achieve this target, the country needs to build 240,000 hotel rooms by 2011 that requires an annual investment of over US$ 1 Billion. This represents a huge opportunity for infrastructure developers, particularly hotel groups.
- Per head expenditure by inbound tourists in Egypt is projected to increase by about 53% in 2012 from 2007.
Key Issues Studied in the Report
- How the global and Middle East tourism industries are performing?
- What is the position of Egypt’s tourism industry?
- What are the emerging trends in the tourism industry of Egypt?
- What is the future outlook of the industry?
- Which factors are driving the industry?
- How economic factors are affecting the tourism industry?
- What opportunities and challenges exist for the tourism industry?
Key Players Analyzed in the Report
This section covers the key facts about the major hotels and airline currently operating in the Egyptian tourism industry, like Accor Hotel Group, Hilton Hotels Corporation, Hyatt, Four Seasons, and EgyptAir Holding Company.
Research Methodology Used in the Report
Information Sources
Information has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Analysis Method
The analysis methods used for carrying out prudent analysis in this report include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
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