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The repercussions of the global financial crisis on the tourism industry in Egypt

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Last updated: 24 Dec 2024

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Abstract

The Implications of the Global Financial Crisis on the Tourism Industry in Egypt. This study aims at identifying the implications of the global financial crisis on the'Tourisrn sector in Egypt. The study also revealed the negative implications of the financial crisis on the tourism and aviation sector in Egypt, as well as on the foreign investments allocated .to the tourism sector in the destination. Additionally, the negative impact of the global financial crisis has extended to the employment sector in Egypt, particularly the tourism and hotel sector, as well as the services associated with it. The study finally suggests some recommendations that could help the tourism sector in Egypt in lessening the negative impacts of the financial crises. Among these recommendations is; the Ministry of Finance should cooperate with the tourism sector during the financial crisis in terms of offering a partial or total deduction of the sales tax on all the tourism services in the destination. Also the principal tour operating companies in Egypt should merge in order to reduce the cost of its services through the economies of scale, especially after the losses that affected its key operations due to the financial crisis. Similarly, the Egyptian national carrier should merge, with other similar Arab and African aviation companies so as to reduce its operational costs, particularly offering tax exemptions on the fuel in order to reduce the price of its tickets during the financial crisis. Finally, the tourism and hotel sector in Egypt should implement a social programme that aims at encouraging all the tourism establishments to prevent redundancies as an immediate response to the financial losses incurred as a result of the global financial crisis. Instead, it should positively exploit these circumstances through conducting extensive human resources training programmes in order to improve its performance which will reflect on the quality of its services, hence be capable of sustaining the negative implications of the financial crisis.

DOI

10.21608/jaauth.2009.68518

Authors

First Name

Walid

Last Name

Amin

MiddleName

Said

Affiliation

Department of Tourism Studies - Faculty of Tourism and Hotels - Mansoura University

Email

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City

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Orcid

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First Name

Rania

Last Name

Abd El Rahman

MiddleName

Mostafa

Affiliation

faculty of tourism and hotels, Suez Canal University

Email

rania.rahman@tourism.suez.edu.eg

City

Cairo

Orcid

-

Volume

6

Article Issue

2

Related Issue

7792

Issue Date

2009-12-01

Receive Date

2009-09-19

Publish Date

2009-12-21

Page Start

13

Page End

24

Print ISSN

1687-1863

Online ISSN

2682-4612

Link

https://jaauth.journals.ekb.eg/article_68518.html

Detail API

https://jaauth.journals.ekb.eg/service?article_code=68518

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2

Type

Original Article

Type Code

997

Publication Type

Journal

Publication Title

Journal of Association of Arab Universities for Tourism and Hospitality

Publication Link

https://jaauth.journals.ekb.eg/

MainTitle

The repercussions of the global financial crisis on the tourism industry in Egypt

Details

Type

Article

Created At

22 Jan 2023