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Posted On: 21/10/2009
Egypt is currently one of the few countries in the world where tourism numbers are rising. Among the biggest growth is from British visitors as they look for sun-spots outside the now expensive Eurozone, making Turkey and Egypt the new France and Spain.
The fact that British Airways is to start running three weekly flights to Egypt's popular resort Sharm el-Sheikh is not only a testament to this massive growth, but will also be massively beneficial in the continued growth of tourism to Sharm el-Sheikh and throughout Egypt, according to Azure Overseas, director Frank Crowley said:
"The Association for British Travel Agents is not shy in saying that Egypt will receive 25% more British visitors this year than it did last year, and 25% more than that the year after, see this article. Everyone knows that a new flight is always good news for a region, and this is no exception.
"It is alright for me or even for ABTA to say that tourism to Egypt is rising massively, but when the likes of BA, which is currently competing in a very difficult market, and trying to increase profits, puts its faith in an emerging region like Sharm el-Sheikh it is a huge pat on the back, especially when it comes off season like this."
According to Frank this is also yet more good news for the Egyptian property market.
The investors who are currently active in the market are looking at solid and reliable rental incomes rather than capital growth projections. The longer an area's season or the bigger the visitor numbers the better. Then you have some wanting off season accessibility for their own use. So for BA to lay on more flights off season like this is a massive boost to the property investment potential of Sharm el-Sheikh and Egypt as a whole.
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