Evaluation of Tourism Investment Climate in Egypt after the Twenty-fifth of January Revolution 2011

Hassan, Bassam Nour; Hilaly, Hala; Ibrahim, Mohamed Anter

doi:10.21608/mjthr.2017.219908

Evaluation of Tourism Investment Climate in Egypt after the Twenty-fifth of January Revolution 2011

Document Type : Original Article

Authors

¹ Tourism Studies Department, Faculty of لإourism and Hotels, Minia University

² Tourism Studies Department, Faculty of Tourism and Hotels, Alexandria University

³ Tourism Studies Department, Faculty of Tourism and Hotels, Minia University, Minia, Egypt

10.21608/mjthr.2017.219908

Abstract

No doubt, the twenty-fifth of January revolution 2011 and its consequences have negatively affected the total investment especially in the tourism sector in Egypt. Moreover, there are a range of obstacles preventing the increase of tourism investment in Egypt, especially the foreign investment. In line with this concern, the study aims at assessing the tourism investment climate in Egypt after the twenty-fifth of January revolution 2011 and its impact on the flow of foreign investments to Egypt. Consequently this work seeks to identify the impediments to tourism investment in Egypt and how to overcome them, moreover, measure the impact of the revolution of January 2011 on the volume of tourism investments in Egypt to determine the necessary efforts to increase the volume of tourism investments in Egypt; both, foreign and national. To achieve the aim of the study, the researcher distributed 127 questionnaires on expert specialists in tourism and investment sector and received 97 questionnaires. After the collection of the questionnaire lists, the researcher has analyzed all data using the statistical package for social science analysis system SPSS version (18) and the t results reveal that: Media and social media helped in increasing the negative impact of 25th January revolution on the tourism investment in Egypt, the risk for the tourism investor depends totally on security factor, Investment in the human resources is the most important type of investment to increase the income from tourism, in addition; tourism investment incentives provided by the government are not sufficient to restore the tourism investment flow.

Keywords