The Egypt faith-based tourism market accumulated a market value of USD 1.2 billion in 2022, and it is anticipated that it will reach a market value of USD 3.67 billion by 2033, growing at a CAGR of 10.7% from 2023 to 2033.
The growth of leisure travel, inexpensive air travel, a rise in the number of foreign travel destinations, as well as an increase in the population all contribute to the growth of theEgypt’s faith-based tourism sector. Egypt's spiritual essence is like a river that flows underneath the surface. There is a powerful life force that binds many communities together throughout trying times beyond its crowded streets and vibrant cities.
While India is frequently thought of when discussing religious tourism, Egypt has the potential to rank highly among these locations. Egypt is home to several significant religious civilizations, including the Coptic as well as Islamic civilizations, but it also has a rich tradition of traditional spiritual practices and beliefs that are distinctive to its natural surroundings and geographic region.
The culmination of the Holy Family road revival in Egypt will soon be announced by Egypt. Three restoration initiatives of the alleged path the Holy Family traveled through Egypt were finished in 2021 in Samanoud, Sakha, Gharbeya, Kafr El-Sheikh, as well as Tal Basta, Sharqeya. Both Jewish and Christian monuments, including the Ben Ezra Synagogue, underwent a number of restoration initiatives. Factors as these are thus anticipated to boost the global market from 2023 to 2033.
| Report Attribute | Details |
|---|---|
| Estimated Market Value (2022) | USD 1.2 billion |
| Expected Market Value (2023) | USD 1.33 billion |
| Projected Forecast Value (2033) | USD 3.67 billion |
| Anticipated Growth Rate (2023 to 2033) | 10.7% |
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The global demand for the Egypt faith-based tourism market is projected to increase at a CAGR of over 10% during the forecast period between 2023 and 2033, reaching a total of USD 1.1 billion in 2018, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth in the Egypt faith-based tourism Market, registering a CAGR of 5.5%.
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. It is one of the most renowned tourism nations in the world with its number of visitors coming 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. 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.
Presence of Major Hotel Chains and their Developments to Bolster Growth
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% 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 the Egypt faith-based tourism market. They are as follows:
Packaged Travel Tours to Propel Demand
Tourists select package travel because tour operators provide a choice of travel packages, including individualized journeys. Package tours, on the other hand, provide extras that different kinds do not, such lodging, big discounts, and so forth.
Everything from lodging to traveling about the city will be taken care of, covering the necessary paperwork, travel and food prices, and other crucial factors that have a good influence on the outlook for the Egypt faith-based tourism sector
Principal Consultant
Tourists prefer Online Reservations, as it is convenient and hassle-free
In 2022, the online reservation segment acquired more than 30% of the regional market share. Tourism has grown in popularity since it is simple to book and make available via online platforms. 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.
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. In 2022, the religious and heritage visits segment accounted for 41.5% of regional market share. 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 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.
Government Initiatives Expected to Boost the Faith-Based Tourism Market in Egypt
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. 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.
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.
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. New consumer habits and advertising strategies have arisen owing to internet travel.
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The key players in this market include:
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. Some of the key developments in the Egypt faith-based tourism market are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 10.7% from 2023 to 2033 |
| Market value in 2023 | USD 1.33 billion |
| Market value in 2033 | USD 3.67 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD billion for value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Tourism Type, Booking Channel, Tourist Type, Tour Type, Age Group, 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 |
| Customization Scope | Available on Request |
The Egypt faith-based tourism market size is valued at USD 1.33 billion in 2023.
Egypt faith-based tourism market developed at a 5.5% CAGR from 2018 to 2022.
The Egypt faith-based tourism market is predicted to develop at 10.7% CAGR through 2033.
The online reservation segment leads the Egypt faith-based tourism market.
Egypt faith-based tourism market is projected to reach USD 3.67 billion by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tourism Type 5.1. Day Trips & Local Gateways 5.2. Museums 5.3. Pilgrimages 5.4. Religious and Heritage Tour 5.5. Others 6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Booking Channel 6.1. Phone Booking 6.2. Online Booking 6.3. In Person Booking 7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tourist Type 7.1. Domestic 7.2. International 8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Age Group 8.1. 15-25 Years 8.2. 26-35 Years 8.3. 36-45 Years 8.4. 46-55 Years 8.5. 56-65 Years 8.6. 66-75 Years 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Consumer Orientation 9.1. Men 9.2. Women 9.3. Children 10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Tour Type 10.1. Independent Travelers 10.2. Tour Groups 10.3. Package Travelers 11. Market Structure Analysis 12. Competition Analysis 12.1. Holiday Tours 12.2. Memphis Tours 12.3. Egypt Tours 12.4. Oriental Tours Egypt 12.5. Deluxe Tours Egypt 12.6. Egypt Guided Tours 12.7. Cleopatra Egypt Tours 12.8. Look at Egypt Tours 12.9. Egypt Tour Portal 12.10. Select Egypt 12.11. Egypt Luxury Tours 12.12. Ramasside Tours 12.13. Spring Tours Egypt-Downtown Branch 12.14. Lady Egypt Tour 12.15. Travel Joy- Egypt Tours 12.16. Egypt Nile Cruises- Min Travel 12.17. Travel Egypt Tours 13. Assumptions & Acronyms Used 14. Research Methodology
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Egypt Faith-Based Tourism Market
