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Egypt Faith Based Tourism Market

Do Tourists have their Faith Restored in Egypt Faith Based Tourism post Covid-19? Check out FMI’s Latest Report

Egypt Faith Based Tourism Market by Tourism Type, Booking Channel, Tourist Type, Tour Type, Age Group and Region - Forecast 2022 – 2032

Egypt Faith Based Tourism Market (2022-2032)

[324 Pages Report] As per newly released data by Future Market Insights (FMI), the Egypt faith-based tourism market is estimated at USD 176 million in 2022, at a CAGR of 10.5% from 2017 to 2021. The share of Egypt's faith-based tourism market in its parent market (global faith based tourism market) is approximately ~2%-6%.

Attribute

Details

Egypt Faith-Based Tourism Market Estimated Size (2022)

US$ 176 Mn

Egypt Faith-Based Tourism Market Value-based CAGR (2022-2032)

10.8%

Egypt Faith-Based Tourism Market Top Players Share in 2021.

4%-9%

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Historical Outlook (2017-2021) Compared to Future Outlook (2022-2032)

Between 2017 and 2021, there was a noticeable increase in religious travel to Egypt. During the forecast period, a rapid expansion of the religious travel market is anticipated. Tourism is one of the most major sources of national income in Egypt, with yearly dollar gains and foreign currency returns that allow it to considerably contribute to the GDP and combat unemployment by employing a diverse workforce.

With its number of visitors coming in the world, it is one of the most renowned tourism nations in the world, and it is recognized through the proliferation of tourist attractions of all types.

The growth of temples, museums, monuments, historical and cultural sites, are contributing to the high demand for Egypt faith based tourism. Additionally, elegant structures and huge gardens, as well as a robust infrastructure oriented on servicing the public, is likely to expand the Egypt faith based tourism market share.

How Large A Market Does Egypt Have For Faith Based Tourism?

Egypt's faith-based tourism market is predicted to expand rapidly in the future years. The market is expected to grow at a CAGR of 10.8% over the projected period, according to a market report by FMI. Growth is attributed to the major international hotel chains having launched new projects in Egypt, with a concentration on Cairo and its surroundings.

A Number Of Opportunities Have Recently Arisen in Egypt Faith-Based Tourism Market Such As:

  • Saudi Arabia's Hospitality Development Group announced plans in February 2020 to build eight hotels over two years at a cost of roughly $450 million. New hotels might built in Cairo, Hurghada, Sharm El Sheikh, MarsaAlam, Luxor, and Aswan.
  • In 2018, Marriott International and Hilton announced several multimillion-dollar projects in Egypt, with completion deadlines of 2023.
  • According to TharwatAgamy, head of Luxor's Tourism Companies Chamber, land hotel occupancy climbed by 90% in 2019, while floating hotel occupancy increased by 100%.
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Country Insight                           

How are Government Initiatives Boosting the Egypt Faith-Based Tourism Market?

“Government Initiatives Expected to Boost the Faith-Based Tourism Market in Egypt, as the government is looking up for profitable investment in restructuring the tourist place.”

In Egypt in recent years, the government has been investing heavily in the restoration of Christian, Muslim and Jewish holy sites. Egypt recently announced intentions to restore and refurbish the shrines and tombs of the Prophet Muhammad's family across the country to support and promote the demand for Egypt faith-based tourism, in addition to the historic mosque Nabi Daniel in Alexandria and the ShaareiShamayim Synagogue in Cairo.

The merger of the two ministries, the Ministry of Tourism and Ministry of Antiquities amalgamated, was intended to boost Egypt's antiquities tourism, with the goal of diversifying the country's diverse tourist economy away from more typical sun-and-sand offers.

The MoTA intends to brand each distinct destination, generating identities for each of Egypt's numerous tourist hubs, in order to build an effective marketing campaign. In addition, all marketing materials are going to be distributed via both traditional and digital media channels.

The country has already demonstrated tremendous innovation by developing the region's first specialist tourist Instagram TV – or IGTV – channel. The MoTA is launching a new winter tourism campaign in India, China, and Latin American nations as part of its attempts to diversify the tourism business. In 2021, the ATM implemented another Gulf-focused strategy.

How Is Social Media Attracting Faith-Based Tourists in Egypt?

“Digitalization Trend Expected to Boost the Faith-Based Tourism Market in Egypt.”

Over the last several decades, information and communication technology (ICT) has been widely used in practically every element of human activity. Web.20 and its technologies, such as social networks, are regarded as the primary component of web 2.0 technologies and play an important role in promoting Egypt's faith-based tourism market.

Moreover, tourism is traditionally tightly tied to religion, which has operated as a significant motivator for travel from the time of early pilgrimages affiliated with current excursions to sacred locations.

Religious structures, rituals, festivals, and ceremonial events are essential tourism attractions for both casual visitors and dedicated followers of the various systems of religion represented.

Religious tourism has grown to be a significant element of the tourist niche market. Online commerce has an influence on the tourist industry's structure. Owing to internet travel, new consumer habits and advertising strategies have arisen.

Category-Wise Insights                                   

Which Is The Prominent Booking Channel In The Egypt Faith Based Tourism Market?

"Tourists prefer Online Reservations, as it is convenient and hassle-free."

Since it is simple to book and make available via online platforms, tourism has grown in popularity. Furthermore, online booking or mobile application platforms enable a straightforward, hassle-free digital money transfer, as well as real-time tracking and improved security, surging the Egypt faith based tourism market.

Online booking is becoming more popular all around the world, as travelers use the internet to research and compare information on vacation spots, lodging, dining options, and other issues, making it easy for tourists to explore better places.

Which Type is Leading in the Egypt Faith-Based Tourism Market?

"There is a high demand for religious and heritage tours due to several monuments and fortresses."

According to the FMI analysis, religious and heritage visits are the most popular among travelers. Egypt abounds in sacred religious sites, whether Jewish, Christian, or Islamic, to which hundreds of visitors flock in what is known as religious tourism.

It is dispersed throughout its three monotheistic religions' sanctuaries and monuments, including historical Islamic structures like:

  • The Hussein Mosque
  • Ibn Tulun Mosque
  • Ibn Tulun Mosque
  • Al-Azhar Mosque
  • Other monuments and fortresses

The Saladin's Citadel in Cairo, the QaitBay Citadel in Alexandria, and the Nakhal Fort in Sinai, all of which have documentation of Egypt's Islamic heritage, served as the basis for this segment's growth.

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Which Travel Type is More Preferred by the Egypt Faith Based Tourism Market?

As tour operators offer a variety of travel packages, including personalized trips, tourists choose package travel. On the other hand, package tours include things that other types do not, such as housing, significant savings on package tours, and so forth.

Furthermore, everything from where to stay to getting around the city is taken care of, including the appropriate papers, transportation costs, food expenses, and other important items which positively impact the Egypt faith based tourism market outlook.

How Fresh Initiatives Are Creating Opportunities for Egypt Faith-Based Travel Market Players?

Numerous tourism-related businesses, including airlines, hotels, and travel agencies, are now able to leverage the internet as a competitive strategy due to the growing user base of internet applications.

The city is likely to undergo a total transformation as a result of the Great Transfiguration Project, which is being carried out in line with the government leaders' desire to grow the tourism industry.

  • MS Carnival Nile Cruise trip packages were introduced by Egypt Nile Cruise in October 2021 for a brief time and were exclusively offered online.

Scope of Report

Attribute

Details

Forecast Period

2022-2032

Historical Data Available for

2017-2021

Market Analysis

US$ Million for Value

Key Region Covered

MEA

Key Countries Covered

Egypt

Key Segments Covered

Tourism Type, Booking Channel, Tourist Type, Tour Type, Age Group and Region.

Key Companies Profiled

  • Holiday Tours
  • Memphis Tours
  • Egypt Tours
  • Oriental Tours Egypt
  • Deluxe Tours Egypt
  • Egypt Guided Tours
  • Cleopatra Egypt Tours
  • Look at Egypt Tours
  • Egypt Tour Portal
  • Select Egypt
  • Egypt Luxury Tours
  • Ramasside Tours
  • Spring Tours Egypt-Downtown Branch
  • Lady Egypt Tour
  • Travel Joy- Egypt Tours
  • Egypt Nile Cruises- Min Travel
  • Travel Egypt Tours

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Egypt Faith Based Tourism Market by Category

By Tourism Type:

  • Day Trips & Local Gateways
  • Museums
  • Pilgrimages
  • Religious and Heritage Tour
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

By Age Group        :

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Consumer Orientation:

  • Men
  • Women
  • Children

By Tour Type:

  • Independent Travelers
  • Tour Groups
  • Package Travelers

Frequently Asked Questions

The Egypt faith based tourism market is expected to reach a valuation of US$ 176 Mn in 2022.

Growing popularity of diving places and new tour launches are the key trends driving the market demand.

Egypt's faith based tourism market top players accounted for approximately 4%-9% of the total share.

The Egypt faith-based tourism market grew at a 10.5% CAGR between 2017 and 2021.

Table of Content

1. Executive Summary

    1.1. Egypt Faith-Based Tourism Market Outlook

        1.1.1. Who Is Travelling?

        1.1.2. How Much Do They Spend?

        1.1.3. Direct Contribution of Tourism To GDP

        1.1.4. Direct Contribution of Tourism To Employment

    1.2. Faith-Based Tourism Evolution Analysis

    1.3. FMI Analysis and Recommendations

2. Market Introduction

        2.1. Total Spending (US$ Mn) and Forecast (2022-2032)

        2.2. Number of Tourists (Mn) and Forecast (2022-2032)

        2.3. Total Spending Y-o-Y Growth Projections (2022-2032)

        2.4. Number of Tourists Y-o-Y Growth Projections

3. Faith-Based Tourism Industry Analysis

    3.1. Faith-Based Tourism Industry Overview

        3.1.1. Faith-Based Tourism Industry Contribution to Egypt GDP

        3.1.2. Faith-Based Tourism Sector Contribution to India’s Overall Employment

        3.1.3. Egypt Faith-Based Tourism Growth Rate

        3.1.4. Impact of Covid-19

        3.1.5. Others

4. Egypt Faith-Based Tourism Market Dynamics

    4.1. Market Drivers & Opportunities

        4.1.1. Rapid Growth of Infrastructure Boosting the Growth in the Market

        4.1.2. Aggressively Growing Government Initiatives to Promote Tourism Industry

        4.1.3. Driving Factors Like International Accreditation and Presence of Top Surgeons Propel the Market Forward

        4.1.4. Others (during course study)

5. Market Background

    5.1. Macro-Economic Factors

        5.1.1. Egypt GDP Growth Outlook

        5.1.2. Egypt Industry Value Added

        5.1.3. Consumer Spending Outlook

        5.1.4. Egypt Direct contribution of Faith-Based Tourism to GDP

        5.1.5. Internet Penetration Rates

        5.1.6. Capital Investment in Faith-Based Tourism

    5.2. Forecast Factors - Relevance & Impact

6. Categorizing of Egypt Faith-Based Tourism Market, 2021

    6.1. Introduction/ Key Findings

    6.2. Current Market Analysis by Tourism Type

        6.2.1. Day Trips & Local Gateways

        6.2.2. Museums

        6.2.3. Pilgrimages

        6.2.4. Religious and Heritage Tours

        6.2.5. Others

    6.3. Current Market Analysis by Tourist Type

        6.3.1. Domestic

        6.3.2. Internationals

    6.4. Current Market Analysis by Tour Type

        6.4.1. Independent Traveller

        6.4.2. Tour Group

        6.4.3. Package Traveller

    6.5. Current Market Analysis by Consumer Orientation

        6.5.1. Men

        6.5.2. Women

        6.5.3. Children

    6.6. Current Market Analysis by Age Group

        6.6.1. 15-25 Years

        6.6.2. 26-35 Years

        6.6.3. 36-45 Years

        6.6.4. 46-55 Years

        6.6.5. 66-75 Years

    6.7. Current Market Analysis by Booking Channel

        6.7.1. Phone Booking

        6.7.2. Online Booking

        6.7.3. In-Person Booking

7. Social Media Sentimental Analysis

    7.1. Social Media Platforms Preferred

            7.1.1.1. Facebook

            7.1.1.2. YouTube

            7.1.1.3. Instagram

            7.1.1.4. Twitter

            7.1.1.5. LinkedIn

            7.1.1.6. Pinterest

            7.1.1.7. Google+

            7.1.1.8. Others

    7.2. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions

    7.3. Trending #Hashtags

    7.4. Social Media Platform Mentions (% of Total Mentions)

    7.5. Region-Wise Social Media Mentions (% of Total Mentions)

    7.6. Trending Subject Titles

8. Competition Analysis

    8.1. Competition Dashboard

    8.2. Pricing Analysis by Competition

    8.3. Competition Benchmarking

    8.4. Competition Deep Dive

        8.4.1. Thomas Cook (India) Ltd.

            8.4.1.1. Overview

            8.4.1.2. Product Portfolio

            8.4.1.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.1.4. Sales Footprint

            8.4.1.5. Strategy Overview

                8.4.1.5.1. Marketing Strategy

                8.4.1.5.2. Product Strategy

                8.4.1.5.3. Channel Strategy

        8.4.2. Cox & Kings Ltd.

            8.4.2.1. Overview

            8.4.2.2. Product Portfolio

            8.4.2.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.2.4. Sales Footprint

            8.4.2.5. Strategy Overview

                8.4.2.5.1. Marketing Strategy

                8.4.2.5.2. Product Strategy

                8.4.2.5.3. Channel Strategy

        8.4.3. eLand Holidays Pvt

            8.4.3.1. Overview

            8.4.3.2. Product Portfolio

            8.4.3.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.3.4. Sales Footprint

            8.4.3.5. Strategy Overview

                8.4.3.5.1. Marketing Strategy

                8.4.3.5.2. Product Strategy

                8.4.3.5.3. Channel Strategy

        8.4.4. Ltd Mahindra Holidays & Resorts EgyptLtd

            8.4.4.1. Overview

            8.4.4.2. Product Portfolio

            8.4.4.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.4.4. Sales Footprint

            8.4.4.5. Strategy Overview

                8.4.4.5.1. Marketing Strategy

                8.4.4.5.2. Product Strategy

                8.4.4.5.3. Channel Strategy

        8.4.5. MakeMyTrip

            8.4.5.1. Overview

            8.4.5.2. Product Portfolio

            8.4.5.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.5.4. Sales Footprint

            8.4.5.5. Strategy Overview

                8.4.5.5.1. Marketing Strategy

                8.4.5.5.2. Product Strategy

                8.4.5.5.3. Channel Strategy

        8.4.6. Yatra Online Pvt Ltd

            8.4.6.1. Overview

            8.4.6.2. Product Portfolio

            8.4.6.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.6.4. Sales Footprint

            8.4.6.5. Strategy Overview

                8.4.6.5.1. Marketing Strategy

                8.4.6.5.2. Product Strategy

                8.4.6.5.3. Channel Strategy

        8.4.7. International Travel House Ltd

            8.4.7.1. Overview

            8.4.7.2. Product Portfolio

            8.4.7.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.7.4. Sales Footprint

            8.4.7.5. Strategy Overview

                8.4.7.5.1. Marketing Strategy

                8.4.7.5.2. Product Strategy

                8.4.7.5.3. Channel Strategy

        8.4.8. TravelGuru

            8.4.8.1. Overview

            8.4.8.2. Product Portfolio

            8.4.8.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.8.4. Sales Footprint

            8.4.8.5. Strategy Overview

                8.4.8.5.1. Marketing Strategy

                8.4.8.5.2. Product Strategy

                8.4.8.5.3. Channel Strategy

        8.4.9. Expedia

            8.4.9.1. Overview

            8.4.9.2. Product Portfolio

            8.4.9.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.9.4. Sales Footprint

            8.4.9.5. Strategy Overview

                8.4.9.5.1. Marketing Strategy

                8.4.9.5.2. Product Strategy

                8.4.9.5.3. Channel Strategy

        8.4.10. Ibibo Group

            8.4.10.1. Overview

            8.4.10.2. Product Portfolio

            8.4.10.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.10.4. Sales Footprint

            8.4.10.5. Strategy Overview

                8.4.10.5.1. Marketing Strategy

                8.4.10.5.2. Product Strategy

                8.4.10.5.3. Channel Strategy

        8.4.11. SOTC Travel Limited

            8.4.11.1. Overview

            8.4.11.2. Product Portfolio

            8.4.11.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.11.4. Sales Footprint

            8.4.11.5. Strategy Overview

                8.4.11.5.1. Marketing Strategy

                8.4.11.5.2. Product Strategy

                8.4.11.5.3. Channel Strategy

        8.4.12. Indian Railways Catering and Tourism Corporation

            8.4.12.1. Overview

            8.4.12.2. Product Portfolio

            8.4.12.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.12.4. Sales Footprint

            8.4.12.5. Strategy Overview

                8.4.12.5.1. Marketing Strategy

                8.4.12.5.2. Product Strategy

                8.4.12.5.3. Channel Strategy

        8.4.13. Kesari Tours

            8.4.13.1. Overview

            8.4.13.2. Product Portfolio

            8.4.13.3. Profitability by Market Segments (Product/Channel/Region)

            8.4.13.4. Sales Footprint

            8.4.13.5. Strategy Overview

                8.4.13.5.1. Marketing Strategy

                8.4.13.5.2. Product Strategy

                8.4.13.5.3. Channel Strategy

        8.4.14. Others (As per request)

9. Assumptions and Acronyms Used

10. Research Methodology

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