The BIBLE NEWSPAPER "examining current events through the prophetic lens"
Thursday, May 19, 2016
EgyptAir flight MS804 crash is final nail in coffin for Egypt's tourism industry
And its (Egypt's) foundations will be broken. All who make wages will be troubled of soul. (Isaiah 19:10)
Tourism is absolutely vital to the Egyptian economy – at its peak before the revolution in 2011, which saw the fall of President Mubarak- it employed 10-12 per cent of the workforce and brought in almost 8 billion a year.
Just look at the numbers – there were 14.7 million tourists in 2010; by 2013. it had slumped by a third to 9.5 million, with around 900,000 of those from the UK.
The tourist industry clearly took a huge hit after the 2011 revolution.
Then the crash of the Russian holiday jet in North Sinai on October 31, 2015 was a hammer blow, as European airlines stopped flying to Sharm el-Sheikh on the advice of governments over fears that security at the airport had been compromised and a bomb was smuggled on board.
And in January three Western tourists were stabbed by suspected Islamic State militants at a Hurghada hotel; thankfully the holidaymakers were not seriously injured. (Read More)