The WTTC calls upon the whole industry to work together to ensure that Travel & Tourism, one of Egypt's most important economic activities, continues to grow.

Jean-Claude Baumgarten, WTTC President said, "Although the short-term impact of these attacks on tourism in Egypt may be significant, the long-term prognosis is more positive.  Egypt has a thriving Travel & Tourism industry and we are confident that, as after the Luxor attacks in 1997, the government will put in place policies to support and encourage the continued growth of the industry."

This outlook is reflected in WTTC's Crisis Forecasting Model which was put into operation for the second time since it was unveiled at the WTTC Global Summit in New Delhi in May.  Initial estimates show that, as a result of the attacks, foreign visitors to Egypt and their spending may decline by 10.6 per cent from previously forecast figures.  However, it is expected that beyond 2005, the impact will be minimal.  

Mr Baumgarten went on to say, "The international community must continue to travel in order to defeat the terrorists' aims. Travel can defy terrorism by encouraging and enriching exchange of customs and educating each other in the diverse cultures our world has to offer."

The World Travel & Tourism Council is appalled and saddened by the bombings in and around the Egyptian resort, Sharm-el-Sheikh, on Saturday morning.  We offer our sincerest condolences to those affected by this horrific attack.

This is another example of terrorist groups' attempts to undermine confidence and cause widespread destruction and chaos, in what has become a global conflict. WTTC commends the Egyptian security authorities on their speedy response to the attacks and fully supports the Ministry of Tourism and other authorities in their determination to move forward with development plans.