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281962

The Impact of Exchange Rate Liberalization on The Performance of Egyptian Hotel Industry: An Analytical Study

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Last updated: 24 Dec 2024

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ادارة الفنادق

Abstract

     Hotel industry is affected by economic variables, whether local or international. The liberalization of the exchange rate is considered one of the most important economic variables that occurred in Egypt in the year of 2016. Therefore, this research aims to study the impact of exchange rate liberalization on the performance of hotel industry in Egypt. The policy of liberalizing the exchange rate has led to an increase in the value of the US dollar against the Egyptian pound. In addition, total tourist revenues have increased and total number of tourists, hotel occupancy rate and total hotel nights has decreased. Moreover, t-test showed that there are no statistically significant differences in the indicators of the total number of tourists, total tourist revenues, total hotel nights and hotel occupancy rate, whether before or after the exchange rate liberalization policy. Using the binary logistic regression test, the indicators of the average exchange rate, total number of tourists, total hotel nights, and hotel occupancy rate are not considered a predictor of an increase in the rate of tourism revenues in Egypt. Accordingly, this research provides an integrated statistical analysis of the impact of the exchange rate liberalization on hotel industry, and thus, this research helps decision makers in official tourism establishments and hotel managers in making decisions, setting policies or scenarios, and building strategic plans that support the economic value of the hotel industry in Egypt.

DOI

10.21608/jihtha.2021.281962

Keywords

Exchange Rate Liberalization, Number of Tourists, Tourism Revenues, Hotel Occupancy Rate, Total Hotel Nights

Authors

First Name

Mohamed

Last Name

T. A. Abdelmawgoud

MiddleName

-

Affiliation

Hotel Management Department - Faculty of tourism and Hotels- Minia University - Egypt

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Volume

15

Article Issue

3

Related Issue

30861

Issue Date

2021-12-01

Receive Date

2023-01-24

Publish Date

2021-12-01

Page Start

612

Page End

632

Print ISSN

2636-4115

Online ISSN

2636-4123

Link

https://jihtha.journals.ekb.eg/article_281962.html

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https://jihtha.journals.ekb.eg/service?article_code=281962

Order

281,962

Type

المقالة الأصلية

Type Code

810

Publication Type

Journal

Publication Title

المجلة الدولية للتراث والسياحة والضيافة‎

Publication Link

https://jihtha.journals.ekb.eg/

MainTitle

The Impact of Exchange Rate Liberalization on The Performance of Egyptian Hotel Industry: An Analytical Study

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Article

Created At

24 Dec 2024