CBE clarified in a report that the decline in the travel receipts caused a drop in the services surplus by 31.2 percent to reach $9 billion in 2019/20, compared to $13 billion in prior year.
“Ways to enhance cooperation in combating terrorism and climate change were tackled,” the statement said.
He added that the occupancy rates of Sharm El Sheikh and Hurghada hotels are currently 20 percent of the 50 percent designated by the government.
The report speculates that the world can possibly experience a "lost decade."
The event was held online with the participation of 150 countries, 1,290 exhibitors, 1,355 representatives of tour operators, airlines, tourism unions and the World Tourism Organization.
Egypt thanks the states that decided to resume tourism with the country.
The new trains will operate between Alexandria and Aswan passing through all governorates in between.
Egypt witnessed high tourism turnouts from different nationalities this week, including batches from France, England, Spain, Ukraine and Belarus.
Hurghada International Airport expected to receive four weekly flights coming from Czech starting next Saturday.
President Abdel Fattah el Sisi directed Wednesday offering all necessary protection to the labor force in the tourism sector amid the effects caused by the coronavirus pandemic outbreak and its negative consequences.
Nearly 300,000 tourists from different nationalities have arrived in Egypt since announcing Tourism resumption after the halt due to the coronavirus pandemic.
Earlier in the day, Hurghada airport received three flights by Easy Jet, Fly Egypt, and Air Cairo, transferring 423 tourists coming from Geneva, Paris, and Prague.
Egypt’s government approved, Wednesday number of decrees aiming to support the sector of tourism and antiquities.
Top officials from the New Urban Communities Authority and the two ministries were present.
The tourist flights will be operated from Prague to the cities of Sharm el-Sheikh, Hurghada, and Marsa Alam.
During a Saturday visit to Upper Egypt’s Luxor and the Red Sea’s Hurghada, Antiquities Minister Khaled el-Enany said Egypt gives tourists the opportunity to see into Pharaonic history and enjoy the beach in one day.
The AACO displayed on Saturday the figures the industry is expected to record in the cases of a speedy recovery and a slow one.
Minister of Civil Aviation Mohamed Manar added that the aviation sector is one of the sectors that stopped completely due to pandemic.
EgyptAir will operate on Wednesday 27 flights carrying 2,800 passengers to 17 different destinations.
On August 22, two flights from Poland arrived at MarsaAlam International Airport, with two flights arriving weekly in Hurghada and MarsaAlam.