In addition to hotels, tourist companies, restaurants, and bazaars will have to pay additional fees into the fund. The announcement was made to the Official Gazette yesterday
Hotels will now be charged 1% of its room booking revenues to the ministry’s Tourism and Antiquities Support Fund, which is set at a minimum EGP 5 and a maximum EGP 50 per-night charge.
In addition to hotels, tourist companies, restaurants, and bazaars will have to pay additional fees into the fund. The announcement was made to the Official Gazette yesterday.
Tourism companies will pay an annual fee of between EGP 3-7k, while tourism buses, microbuses, and limousines will be charged EGP 500-1000.
Cafes and restaurants will pay EGP 4k to EGP 5k a year, respectively. Fees will increase by EGP 3-5k if they sell alcohol or shisha.
Bazaars will be charged EGP 5-10k per year depending on the area, while tourist companies will pay EGP 3-10k depending on their activity.
The fees were given the blessing of the Federation of Tourist Chambers, according to the gazette.
The ministry is looking to invest $30 billion into the sector, with plans to attract around 30 million tourists annually by 2028 and increases tourism revenues to $30 billion annually over the next years.
Tourism is a main source of foreign currency and jobs for Egypt, having earned $10.75 billion in FY2023/2022, up from $4.86 billion the prior year, as it recovers from the pandemic.
According to Reuters, the budget for more than 2,000 archaeological sites and 41 museums in the 2021/22 financial year was a modest EGP 3.2 billion.