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Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
Cairo’s instability is the main cause of Egypt’s tourist cancellations, and it will likely stay like this for a while.
Tourism officials have claimed that 50 per cent of all reservations made in Egyptian hotels for the Christmas season have been cancelled, especially in Cairo, which has seen high levels of violence and political instability. Hotels in Hurghada and Sharm Al-Sheikh on the other hand are expected to retain 90 per cent of all their hotel reservations.
Cancellations were highest amongst, British, American, Italian and German tourists, and that the number of late reservations made in the beginning of December was less than that made in previous years. Hotels in Cairo, Aswan and Luxor during last year’s Christmas season were filled to 40 per cent of total capacity, however that number is expected to drop to 30 per cent this year.