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Egypt's Tourism Collapse
(Bloomberg) Ahmed Feteha - Suspicions that a bomb sent a Russian passenger plane crashing into the Sinai Peninsula are damaging Egyptian tourism. A million tourists visited Egypt in November and December, down 41% from last year and the lowest number during these peak months since at least 2005. "You cannot call what's happening a drop, it's a collapse," said Amani El-Torgoman, board member of the Egyptian Tourism Federation. "Sharm El-Sheikh has become a ghost town."