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Cairo, Sharm El-Sheikh hotels to record occupancy rate increases of 46% and 41%, respectively, says Colliers International
El-Anany also announced closure of two Cairo tourist restaurants due to lack of commitment to worker protections
This came as governments continue to introduce measures to slow the spread of the virus, with hotel owners also taking precautions as travel comes to a halt.
The company will cover all expenses related to the patients’ stay, including medical teams and supporting staff, alongside those of the hotel’s employees and maintenance workers.
Government halts administrative distraint on defaulters in tourism sector for one year
Hisham Talaat Moustafa said that the signing is an indicator of the great development witnessed in Egypt’s public sector, ”partnership between private and public sector is better than ever, which will positively impact the Egyptian economy.”
Thrawaat International Investment receives exclusive management for Swiss International Hotels & Resorts in Egypt
The group’s capacity increased to 13,400 rooms this year: source
Occupancy rate in in Cairo, Sharm El Sheikh, Hurghada, and Alexandria recorded 80%, 60%, 67%, 82%, respectively.
He added that the Ministry of Housing represented in the New Urban Communities Authority has spent EGP 25bn in housing and infrastructure projects in the city, of which roughly EGP 8bn for providing public facilities.
With regards to the EHA’s strategy, he stated that the association is focusing on developing the skills of hospitality employees by organising training sessions covering various areas to improve the level of service in Egypt’s hotel industry, in addition to improving hygiene through the new hospitality criteria.
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, …