The popular vacation destination of Egypt is bucking the lowering global tourism trend by recording a 29% increase in visitor arrivals and 24% increase revenue generated from tourism in Q1 2010.

In stark contrast to the overall state of the worlds tourist industry which is struggling to bounce back from “one of the most difficult years” (2009, WTO) and currently suffering another set back from the Icelandic volcano crisis, estimating to be setting back airlines up to $400 million each day (International Air Transport Association), Egypt appears to be going from strength to strength.

However it is not the case that Egypt was totally unaffected by the economic downturn of 2009 but with 3.46 million tourists arriving from January and March 2010 generating a $2.7 billion revenue, the nation has “completely rebounded” according to Tourism Minister, Zoheir Garranah.

Tourism plays an very important part in the Egyptian economy, which at the moment is growing at note worthy 5.1%, responsible for more than 12% of employment and generating $10.76 billion in 2009 according to the Tourism Ministry. The traditional historical and cultural attractions such as the Pyramids of Giza and Luxor remain highly popular but increasingly the Red Sea coast is drawing millions every year to its clear warm waters, white sandy beaches and reliable sunshine.

Steven Worboys, MD of Egypt property experts Experience International, whom market over 5000 properties along the Red Sea, commented:

“Egypt is consistently one of the most sought-after vacation and 2nd home locations in the world with over 1 millions people from the UK each year. The combination of easy, cheap and quick access from the UK, affordable property prices and a reliable climate has made Egypt and the Red Sea coast in particular almost irresistible.”

One particular property for sale in Egypt which is receiving increased interest not least due to its exclusive SIPP eligibility is the Samra Bay Marina & Spa Resort available through Experience International. Affording a true frontline location on the “Golden Mile” of Hurghada, these luxury studio and 1 bedroom units are available from as little as 59,300 Euros, provide a guaranteed income for a minimum of 8 years and are definitely worth further consideration.

Predictions for the rest of 2010 are positive with a minimum 5% economic growth expected and a target of increasing tourism receipts to $11.5 billion. Acknowledging the importance of investment the Egyptian government also has plans to increase spending by 11.2 billion Egyptian pounds ($2 billion) to support the economy, with most of the funds to be spent on infrastructure projects.

For additional information about investing in the booming tourism hotspot of Egypt contact the experts at Experience International on + 44 (0) 207 321 5858 or visit experience-international.com.