ESAT News (December 22, 2016)
Ethiopian regime says revenue from tourism is in downward spiral following the declaration of the state of emergency.
The culture and tourism ministry said the number of tourists visiting the country has been decreasing since the declaration of the martial law in October that followed a yearlong deadly protests in the Oromo and Amhara regions.
Reports indicate that the country has lost about 400 million dollars in just one quarter.
Travel advisory by the UK and US, warning citizens against traveling to Ethiopia, has led to the canceling of bookings by tourist operators resulting in millions of dollars loss.
The decline in tourism revenue has resulted in further crunch in the country’s foreign currency earnings.