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The influence of geopolitical events on tourism in Egypt

Author

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  • Neagu Florentina-Stefania

    (The Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The political, military, terrorist acts that took place during 2011-2017 have affected the tourism industry to a large extent, their effects being seen in the gradual decrease of the number of tourists generating income not only for tourism agencies, but also for tourism objectives for small merchants selling their products near tourist attractions. This has led to the closure of several souvenir shops, but also to the reduction of revenue generated by the flow of tourists to hotels, guides, restaurants. The Egyptian government has attempted to relaunch tourism by contracting a loan from the International Monetary Fund, reopening tourist attractions such as King Seti and Queen Nefertari, the Antiquities Ministry is continuing to finance the acquisition of metal detectors and scanners that are located in the tourist attractions included in the patrimony national. On the other hand, the fiscal measures adopted by the government, which impose VAT on local goods and services, have led to a price increase for all products and ultimately affecting not only citizens but also tourists who find that prices for tourist packages have increased within a few months. To highlight how great the influence that geopolitical events have on Egyptian tourism, data were analyzed for the period 2011-2017 of the Central Agency for Public Mobilization and Statistics of Egypt, World Tourism Organization and the World Factbook..

Suggested Citation

  • Neagu Florentina-Stefania, 2018. "The influence of geopolitical events on tourism in Egypt," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 661-670, May.
    • Handle: RePEc:vrs:poicbe:v:12:y:2018:i:1:p:661-670:n:59
    DOI: 10.2478/picbe-2018-0059
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