Egypt faith based tourism market is expected to reach at a US$ 176 Mn in 2022

The Egypt faith-based tourism market is poised to reach a valuation of US$ 176 Mn in 2022. Demand is projected to increase at a 10.8% CAGR during the forecast period.

For both casual visitors and devoted adherents of the various systems of religion depicted, religious buildings, rituals, festivals, and ceremonial events are important tourism attractions. Furthermore, the market for faith-based tourism in Egypt now includes a sizable portion of religious tourism.

Tourism-related revenue was down roughly 70% to $4 billion in 2020. Egypt’s visitor numbers had dropped to 3.5 million in 2020, according to Tourism and Antiquities Minister Khaled El-Enany. Egypt’s tourism earnings fell by around 70% to US$4 billion in 2020, lowering visitor visits to 3.5 million from 13.1 million in 2019.