April 2021
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TCA (Travel Connections Arabia), a leading global sales and marketing outsourcing agency for the luxury hospitality, tourism and travel industry in the Middle East, has opened an office Cairo, Egypt, the 14th largest market in the world, ready to tap the burgeoning luxury travel industry.
With a population of over 100 million, Egypt has millions of potential travellers to tap, with internet use growing exponentially, at approximately 22 per cent annually, or approximately 10 million users a year while it has 30 million smartphone users and are becoming more adept at looking for online travel solutions.
Ahmed El Hamzawy, CEO for the Egypt office, said: “Egypt is an unusual market in that cash is still the preferred mode of payment, in part due to a lack of trust in online payment methods, and a lack of access to credit cards. However, in 2019, Egyptians spent a total of $5.1 billion on outbound tourism, with an average daily spend of $950. On average they spend between 10-20 days during peak travel periods with more than 60 per cent of nights spent in a five-star hotel.”