Egypt Ecotourism Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Type, Age Group, and Sales Channel, and Region

Egypt Ecotourism Market Overview:

The report explores the Egypt Ecotourism market's segments (Type, Age Group, and Sales Channel).  Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Egypt Ecotourism market's drivers, limitations, prospects, and barriers. This SMR report includes investor recommendations based on a thorough examination of the Egypt Ecotourism market's contemporary competitive scenario.

To get more Insights: Request Free Sample Report

Egypt Ecotourism Market Dynamics:

Tourism is one of the major sources of income that is crucial for the economy of Egypt. There was a growth in the demand for domestic travel from 2010 to 2020. Tourism in Egypt was impacted by about USD 29.58. In 2019 the travel and tourism industry has represented a growth of 9.3% of GDP. The total number of employees that were created by tourism supported 2.5 million jobs. The total economy of Egypt is impacted by the three core channels of activities i.e. direct impacts, indirect impacts, and Induced impacts.

The destinations, Government, and the Business affiliated with the tourism Industry in Egypt are taking action for responding to the pandemic.  Currently, the Egypt tourism market is focusing on using digital platforms, Online content, and data and analytics that will further create growth opportunities for the Egypt Tourism Market.  The DMOs are also working with the broader community for economic development by creating local assets developing new jobs and attracting new business and residents to the area. Destination Branding is also done for developing an authentic brand that will portray the lifestyle and culture of Egypt. The Enhancement of the Digital Ecosystem by educating and assisting local businesses to enhance their online content that will align with the destination brandings. During the year 2021/22 there is a growth of 64% in the expected form the past i.e. 8.5 billion Egyptian pounds up from 5.2 billion Egyptian pounds during the year 2020/21. Also, according to the United Nations Commission of Trade and Development (UNCTAD), the FDI inflows grew 11% between (2018-2019) i.e. $8.1-$9billion.

In 2020, the pandemic has created a devastating impact on the Egypt Tourism Market, causing a 74% drop in international arrivals. The total number of visitors visited was 3.5 million in 2020 as compared to the 13.1 million in 2019. Also, the Sinai Conflict that happened in February of 2018 led to the isolation of North Sinai with the loss of electricity and telecommunications services. The instability of the country is one of the major factors that is restraining the growth of Egypt’s Tourism market.

The fluctuation in the Egypt pounds is affecting the Egypt Tourism Market. There is an associated risk if there is too large an increase in stay or over-tourism. The hotel infrastructure also needs to be renovated with a piece of updated tourist equipment. Also, the very high instability of the political system is creating an upcoming challenge for the growing Egypt Tourism Market.

Egypt Ecotourism Market Segment Analysis:

Based on Type, the Egypt Ecotourism Market is segmented into Solo travelers and Group travelers. The group traveler is dominating the Egypt Ecotourism Market growth by holding the maximum market share accounting for 73% in 2023. As many travel companies provide facilities to group travelers. These are creating an increase in the group travels.

Based on Age group, the Egypt Ecotourism Market is segmented into Generation Z, Generation X, and Generation Y. The Generation Y segment is dominating the growth of Egypt’s Ecotourism Market by holding the maximum market shares of the market. As Generation Y is born between (1980-2000), they look for unique travel opportunities. This makes Generation Y dominate the Egypt Ecotourism Market.

Egypt Ecotourism Market Key Players Insights:

The market is characterized by the existence of several well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in Egypt are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

The objective of the report is to present a comprehensive analysis of the Egypt Ecotourism market to the stakeholders in the industry. The report provides trends that are most dominant in the Egypt Ecotourism market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Egypt Ecotourism Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Egypt Ecotourism market report is to help understand which market segments, and regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key industry players and their recent developments in the Egypt Ecotourism market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Egypt Ecotourism market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Egypt Ecotourism market. The report also analyses if the Egypt Ecotourism market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Egypt Ecotourism market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Egypt Ecotourism market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Egypt Ecotourism market is aided by legal factors.

Egypt Ecotourism Market Scope:

Egypt Ecotourism MARKET KEY PLAYERS: 

• Intrepid (Melbourne)
• Memphis Tours (Giza, Cairo)
• Look at Egypt Tours (Great Lakes, Midwestern)
• On the Go Tours (London)
• Jakada Tours Egypt
• Exodus Travels (Surbiton)
• Beyond the Nile Tours (Winnipeg)
• Others