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00:00 About 20% of the tourism revenues have been cut from some markets and some reservations have been cancelled due to geopolitical tensions in the region, according to many of the sector's investors in Egypt.
00:11 New challenges are emerging in the tourist sector, which has begun to rise after two consecutive crises that have shaken Amali in recent years.
00:21 The Egyptian government has reached 30 million tourists in five years, which has doubled the sector's revenues.
00:30 The impact on Egypt has begun to show after the events of the past two or three days.
00:38 The type of trips that have been completely cancelled are the so-called "holy land" or religious trips, which start from Israel, then Jordan, and then Egypt.
00:50 These have been completely cancelled because tourists were not able to leave Israel or Jordan directly to their countries.
00:59 The second challenge is that some countries have warned their citizens to travel to the Arab Republic of Egypt, such as the United States.
01:07 But the impact is different in some areas. Some areas of Sinai have been the closest Egyptian tourist destination to the surrounding events and have seen a decrease in movement in recent days.
01:18 But other areas are working hard, such as in Cairo and southern provinces such as Aksar and Aswan,
01:26 amid attempts by investors to increase offers and promotional campaigns in new markets.
01:33 In Cairo, there are no restrictions, not even a single room. The same thing is true in Aksar and Aswan.
01:40 In Garda, there are some cancellations, but in Sharm El Sheikh, there are more cancellations.
01:47 What has the government done? The government has taken very quick steps to inform the travel agency, which rents a plane and takes a big risk.
01:59 It has reduced the number of tourists. In the past, the government had to pay 80% of the tourists to get a compensation from the government.
02:09 This is why the number of tourists in the past year has increased by 27%, to more than 13 billion dollars, according to the Central Bank.
02:19 At a time when the Egyptian government is aiming to double the number of tourists and strengthen the sector's will,
02:25 the rise in geopolitical events is a new challenge to the sector, which has suffered a lot in recent years.
02:34 Farouk Youssef, CNBC Arabia, Cairo.