$5.6 billion in total tourism sector revenues in 10 months
By Akram Medhat, Travel Yalla journalist
Tourism sector revenues recorded a sharp decline of 24% last October, reaching $525.2 million compared with $692 million in the same month last year. The average daily spending per tourist in October was $73.5.
This decline is natural given the 27.3% drop in tourist nights, which reached 7.1 million nights compared with 9.8 million nights in the same month last year. This directly affects the decline in tourism revenues, which are estimated by multiplying average tourist spending by the number of nights. Tourist arrivals also fell in the same month to 909,000 tourists, compared with about one million tourists in October 2014.
According to the tourism statistics reports published exclusively by "Travel Yalla", the sector has seen a sharp drop in revenues since last September, as tourism revenues last September reached about $510.3 million, a decline compared with $706 million in the same month last year. Although October tried to outperform September, achieving a slight increase, it could not reach last year's figures, even though the winter season indicators had been strong.
Total revenues for the first ten months of 2015 reached $5.6 billion, compared with $5.9 billion in the same period of 2014, a decline of 5%.
