Travel firms cancel Egypt holidays

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By travelwriter

Frankfurt/London – Violence sweeping Egypt has hit its tourism – a vital part of the economy – as governments warn holidaymakers to stay away, prompting some foreign travel agents to stop all trips there.

The latest unrest looks likely to kill off a tentative recovery of a sector that accounted for more than a tenth of GDP before the uprising that ousted President Hosni Mubarak in 2011, starting a period of political uncertainty which worsened with events of this week.

Millions of foreigners visit Egypt each year to laze on its beaches, tour ancient ruins and cruise along the Nile, but Germany has advised its citizens to avoid its Red Sea resorts and Americans have been warned to keep away completely.

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