Egypt Tourism Report Q3 2010: New research report available at Fast Market ResearchFast Market Research recommends "Egypt Tourism Report Q3 2010" from Business Monitor International, now available
After improvement in the rate of decline in foreign tourist arrivals during the first nine months of last year, followed by positive growth in Q409, the outturn for the year as a whole was a relatively modest decline in arrivals of just 2.3% year-on-year (y-o-y) to an estimated 12.4mn people. Indeed, the tourism sector has proven surprisingly resilient - compared with the global downturn - partly due to government measures to assist the sector. Moreover, foreign tourist arrivals increased a marked 29% y-o-y to 3.46mn in the first quarter of 2010 (tourism revenue was up 24% y-o-y to US$2.7bn). Although this is a very healthy rebound in arrivals, it should been seen in the context of a low base in Q109 (during which there was a 12% y-o-y fall in arrivals). Bird Flu Update According to the World Health Organization (WHO), as of April 2010, Egypt had confirmed 34 human deaths caused from the H5N1 virus (bird flu) - up from 30 since our previous report - out of 109 (previously 99) known human infections in the country, the largest number outside Asia. The data show that infections are on the rise, with 39 people infected during 2009. Forecast Scenario BMI believes that the tourism sector will rebound this year (supported by recent data), although conditions are likely to remain difficult. In line with a recovery in tourism in Q409 and strong growth in Q110, we have revised up our growth forecast this quarter for foreign visitor arrivals in 2010 to 8% y-o-y. This should be followed by stronger growth from 2011 as economic recovery in key source markets - especially the eurozone, Russia and Central and Eastern Europe and the UK - gets under way. BMI, however, forecasts modest appreciation of the Egyptian pound against the euro and the US dollar in the short term, eroding some of the sector's competitiveness. Relatively high consumer price inflation (rising to 13.6% y-o-y in January 2010) is also a short-term worry for the tourism industry. Cairo International Airport After strong growth in passengers numbers at Cairo International Airport in recent years (including notable growth of 16.7% and 14.2% y-o-y in 2007 and 2008, respectively) EgyptAir In April 2010, EgyptAir began normal flight operations to European airports, following disruptions caused by the Icelandic volcano eruption. In FY08/09, the airline carried over 6.8mn scheduled passengers, an annual increase of just 2% (after 17% y-o-y growth in the previous year). This was largely due to a 24% y-o-y fall in domestic traffic - following the expansion of EgyptAir Express (a subsidiary of EgyptAir) from summer 2008. International passenger numbers, meanwhile, rose a favourable 10% yo- y. Air Arabia Egypt After receiving an operating certificate from the Egyptian authorities, Air Arabia Egypt will begin operations in June 2010, commencing with flights from Alexandria to Khartoum and Kuwait. The airline was formed by a joint venture between Travco Group, the Middle East's largest travel and hospitality group, and UAE-based (Sharjah) Air Arabia. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: Executive Summary SWOT Analysis - Egypt Tourism SWOT - Egypt Political SWOT - Egypt Economic SWOT - Egypt Business Environment SWOT Industry Forecast Scenario - Arrivals - Table: Egyptian Arrivals Data, 2006-2014 - Accommodation - Table: Accommodation, 2006-2014 ('000, unless otherwise stated) - Expenditure - Table: Tourist Expenditure & Economic Impact, 2006-2014 - Inbound Tourism - Table: Tourist Arrivals By Region, 2006-2014 - Table: Tourist Arrivals By Country, 2006-2014 ('000) - Outbound Tourism - Table: Outbound Tourism Data, 2006-2014 - Table: Resident Departures By Destination Country, 2006-2014 ('000) Market Overview - Travel - Airports - Commercial Airlines - Table: Key Players - Commercial Airlines - Global Oil Products Price Outlook - Table: Oil Product Price Assumptions, Q409-Q410 (US$/bbl) - Table: Oil Product Price Data And Forecasts, 2007-2014 (US$/bbl) Market Overview - Hospitality - Accommodation Developments - Tourism Infrastructure - Regional Case Study: Accor - Table: Accor Hotel Business In Selected Middle East And Africa Countries, June 2010 Business Environment Outlook - Table: Middle East And Africa Travel & Tourism Business Environment Ratings - BMI's Security Ratings - Table: Middle East And Africa Defence And Security Ratings - Table: Middle East And North Africa State Vulnerability To Terrorism Index - Egypt's Security Risk Ratings - City Terrorism Rating - Table: BMI's Middle East And North Africa City Terrorism Index - Middle East And North Africa Security Overview H5N1 Virus Overview Special Report: Tourism And Terrorism Currency Forecast Global Assumptions - Table: Global And Regional Real GDP Growth And Exchange Rates, 2009-2012 - Table: Global Assumptions, 2008-2014 - Table: Developed States' Real GDP Growth, 2009-2012 - Table: Emerging Markets' Real GDP Growth, 2009-2012 Company Profiles - EgyptAir - Travco - Egyptian General Company For Tourism And Hotels BMI Methodology - How We Generate Our Industry Forecasts - Tourism Industry - Tourism Ratings - Methodology - Table: Tourism Business Environment Indicators - Table: Weighting of Components - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. End
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