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Cairo hotel revenues to drop: Colliers International

Although Cairo occupancy rates are forecast to be healthy, a pronounced drop in hotel revenues per available room (RevPAR) is expected as a result of the devaluation of the Egyptian currency in November, according to Colliers International’s “The MENA Hotel Forecasts” February report.

Mohamed Samir

Egypt to host Sharm El-Sheikh Arab International Squash Masters Championship

Egypt will host the Sharm El-Sheikh Arab International Squash Masters Championship on 19-23 January 2017. The age of players participating will start from 35 to 70 years, while the competitions will be divided as follows: 35 years, 40 years, 45 years, 50 years, and 55 years and above. Financial awards will be given to the …

Maya Nawar

Revenues increase at hotels in Sharm El-Sheikh, Hurghada: Colliers International

Colliers International, a commercial real estate company, published on Thursday its three-month rolling forecast for November until January 2017. The report marked Cairo and Alexandria as tourism hot spots, explaining that Cairo witnessed a 13% increase in revenues per available rooms (RevPAR) because it is a stable corporate tourism destination. The report added that the …

Hisham Salah

ARCO announces launch of Oriental Bay Resort Jabbal El Rosas

Al Arabia Real Estate (ARCO) announced on Thursday the launch of the Oriental Bay Resort Jabbal El Rosas project, located on the Red Sea coast in the city of Marsa Allam. The project will occupy 650,000 sqm, have a panoramic view of the area and include various forms of beachside entertainment. Being located in what …

Daily News Egypt