The number of tourists to Egypt slumped by almost 30 per cent in the fourth quarter of last year as political instability continued to keep holidaymakers away.
The number of visitors to Egypt between October and December fell to 2.9 million, compared to 4.2 million in the same period a year earlier, according to figures from the government's Central Agency for Public Mobilisation and Statistics, as reported by Zawya Dow Jones.
An important foreign exchange earner, Egypt's tourism industry in 2010 accounted for 11.3 per cent of its economy and 12.6 per cent of all jobs.
In Cairo, hotel occupancy levels fell to 36.4 per cent in January, down 42.4 per cent from the same month last year, while average daily rates declined 13 per cent to US$111.03 (Dh407.82), according to data from STR Global.
Egypt has launched a series of advertising campaigns globally in the hope of bringing visitors back to the country.
rbundhun@thenational.ae
Top financial tips for graduates
Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:
1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.
2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.
3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.
4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.
A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
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