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The Group’s President Enan El-Galaly told Daily News Egypt that two of the planned four contracts are worth EGP 150-170m, one valued at EGP 120m and the other is worth EGP 30-50m. He noted that most of the new contracts are for hotels in the Red Sea area.
Egyptian markets, such as Cairo, Hurghada, Sharm El-Sheikh, and Alexandria, continue to experience strong growth in performance levels, according to the Colliers’ MENA hotel full-year forecast 2019 report. “In the first quarter (Q1) of 2019, these markets saw an average Revenue Per Available Room (RevPAR) growth of 34% compared to the same period last year. …
The International Finance Corporation (IFC) expressed its readiness to inject new investment into Egypt’s planned hotel development fund, the COO of the IFC, Stephanie von Friedeburg, said. Egypt’s ministry of tourism aims to establish a private equity fund targeting to restructure financially impaired hotels and other tourism establishments. During a meeting between the Egyptian Minister …
Cairo, Sharm El-Sheikh, Hurghada, Alexandria to witness occupancy of 77%, 58%, 68%, 80% respectively
Kharafi largest investors in tourism sector in Egypt, $2.1bn to establish Marsa Alam Airport
Fankhauser told Britain’s Sky News that testing of probes of food, water, will take 10 days to be complete
Company foresees Cairo occupancy to increase to 69%, Hurghada 61%, Sharm El Sheikh 51%, Alexandria 71%
The hotel is arranging an event with other Marriott brands on 28 October, the donations and sponsorship will be for Abu El Reesh Hospital, says Hotel`s general manager
Hotels dealing with international management companies in the region have stronger relations with major foreign tour operators than the companies locally managed
Barons Court achieved profits of EGP 59m last year, says managing director
All developments of the hotel will be completed by the end of 2018 after that the hotel will be running under the name of Steigenberger, the hotel welcomes guests during this period
The project is a message to tourists and investors in all fields from all over the world that Egypt is safe
Influx of German tourists expected in January after resumption of flights
Company working to complete Beach Albatros Marsa Alam, with investments of EGP 400m
The total number of hotel guests reached 9.6 million in 2015, versus 11.4 million guests in 2014, a decrease of 15.7%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). In its annual Statistical Bulletin of hotel activity and tourist villages in 2015, CAPMAS stated that the total number of hotels, tourist villages, …
One hotel will be in Sahl Hasheesh and the other in Sharm El-Sheikh, both with about 300 rooms
This project’s provisions for disabled people will double the number of guests in hotels, says Abu Ali
Tourists could spend five times as much in other Mediterranean countries to experience what Egypt has to offer, says Marriott International president
Accommodation in Alexandria ranges from EGP 700-1,700 per night; this price increase is due to higher operation costs in the past period, especially food products
Amer group will be managing the hotel during the first phase of the operations, until the hotel is assigned to an international company specialised in hotel management
South Sinai has 65,000 hotel rooms; Egypt has a total of 225,000 operational rooms distributed across governorates of the Red Sea, Greater Cairo and South of Upper Egypt
The number of nights spent in French hotels by foreign tourists in July was down 10 percent from last year. Visitors from outside Europe have been deterred by recent Islamist militant attacks.
No expected recovery for Hurghada and Sharm El Sheikh in the short term
Hassanain pointed out that the project will shed light on New Damietta city as one of the important port cities.
The majority of hotels still operating in Taba and Nuweiba are run by Egyptian companies
The decision aims to maintain the rights of tourism companies and the reputation of Egypt’s tourism
Government should activate one-stop shop quickly to attract more local and foreign investments, says Chief Executive
The New Year’s blaze at a luxury hotel has led to calls for skyscrapers to be modified, amid concerns that Dubai landmarks are built with flammable cladding. It was the city’s third major high-rise fire in three years.
Death toll rose to 7, including four police personnel and two judges, state media reported