Ethiopia Revises Tourism Projections Following Political Unrest
Ethiopia has revised downwards the revenue targets of the current financial year to $3 billion dollars from last year’s $3.4 billion while adjusting inflow of tourist numbers to one million from 1.25 million set at the beginning of the year following months of protests.
Gezahegn Abate, public and international relations directorate director of the Ministry of Culture and Tourism said the adjusted figures are not that far from last fiscal year's results. He recalled $3.4 billion was secured from 900,000 visitors during the period in question.
The second Growth and Transformation Plan (GTP II) envisages that the sector will achieve a $6 billion turnover from two million visitors by the end of plan period.
This year the number of tourists is expected to hit the million mark albeit the recent political unrest which is feared to take its toll on the sector.
During the first quarter of the current fiscal year, the sector managed to secure $872 million which, according to Gezahegn, showed a 0.8 percent or $seven million decline from the previous fiscal year’s figures. The volume of travelers also declined moderately year-on-year.