RealNews

Egypt Expects Quick Tourism Recovery

Egypt’s tourism industry will suffer a short-term blow in the wake of the Sharm el-Sheik attacks but will bounce back quickly, the nation’s tourism minister said Sunday. A leading financial analyst, however, predicted that Saturday’s attacks, which killed 88 people, could cost the industry — Egypt’s No. 1 source of foreign currency exchange — up to $2 billion during the current fiscal year, which began July 1. The fallout has already started. Italy, Egypt’s top tourist market, has advised its citizens not to travel to Sharm, while some tour operators are offering bleak, medium-term forecasts for the industry. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.