Egypt Faith-Based Tourism Market

Egypt Faith-based Tourism Market Snapshot (2023 to 2033)

The Egypt faith-based tourism market accumulated a market value of US$ 1.2 billion in 2022, and it is anticipated that it will reach a market value of US$ 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.

Egypt Faith-based Tourism Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 To 2033)

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 US$ 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.

What is primarily Driving the Global Market for Egypt Faith-based Tourism Market?

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:

• Saudi Arabia's Hospitality Development Group announced plans in February 2020 to build eight hotels over two years at a cost of roughly US$ 450 million. New hotels have been 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%.

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

Sudip Saha

Principal Consultant

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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

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.

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. 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 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.

Region-wise Analysis

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

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.

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.

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.

Market Competition

The key players in this market include:

• 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

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:

• MS Carnival Nile Cruise trip packages were introduced by Egypt Nile Cruise in October 2021 for a brief time and were exclusively offered online.
• The "Great Transfiguration," one of the biggest religious construction projects ever, is about to open in the South Sinai governorate of Egypt. The Holy Valley is intended to become a destination for spiritual, therapeutic, and environmental tourism by creating a spiritual sanctuary above the surrounding mountains. In the highlands around Wadi Towa of the South Sinai Governorate, the Great Transfiguration will involve the creation of more than 14 projects with the goal of making the area a significant center for religious tourism.
• Lady Egypt Tours is a premium tour agency in Cairo's core. Another reason why the clients feel like they can get whatever they're searching for at their fingertips is their extensive selection of tours, which span the entirety of Israel, Jordan, the Holy Land, and their own country of Egypt. They specialize in a variety of trips, including meditation, religious tours, family vacations, honeymoon getaways, individual and group excursions, and annual special events.

Report Scope

Key Segments Profiled in the Egypt Faith-based Tourism Market

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