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Sharm Dreams studies sale of hotel assets to provide liquidity
Company plans to assign three consulting firms to evaluate assets that are planned for sale
Egypt’s hotel market records 50% y-o-y decline in H1 2020: Colliers
Branded hotel keys is projected to increase to 83,100 in FY 2020
CIB Egypt reserves hotel floor as quarantine for employees if needed
Bank adheres to state precautionary measures from the very beginning to prevent spread of coronavirus
Colliers anticipates fastest recovery for Emirati, Saudi hotel sectors in MENA
Cairo, Sharm El-Sheikh hotels to record occupancy rate increases of 46% and 41%, respectively, says Colliers International
Tourism Minister cancels Sharm El-Sheikh hotel’s licence for worker layoffs
El-Anany also announced closure of two Cairo tourist restaurants due to lack of commitment to worker protections
MENA hotel sector likely to recover in 4Q 2020: Colliers
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.
PHD places hotel with 71 COVID-19 cases under Ministry of Health
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.
CBE offers 2-year hotel loans with 6-month grace
Government halts administrative distraint on defaulters in tourism sector for one year
Hisham Talaat Moustafa invests EGP 1.5bn to establish Four Seasons-branded hotel in Luxor
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.”
Egyptian-Saudi partnership invests $450m in hotel operation and management
Thrawaat International Investment receives exclusive management for Swiss International Hotels & Resorts in Egypt
Travco Group to raise prices, increase average occupancy in 2020
The group’s capacity increased to 13,400 rooms this year: source
Egyptian hotel markets continue to experience strong levels of performance
Occupancy rate in in Cairo, Sharm El Sheikh, Hurghada, and Alexandria recorded 80%, 60%, 67%, 82%, respectively.
30 tourism developers to build 10k hotel rooms in New Alamein
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.
Floating hotel numbers to reach 155 by end of current season
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.
Helnan targets signing 4 hotel management contracts in Egypt before year-end
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.
Egypt’s hotel market sees average 34% RevPAR growth in Q1 of 2019
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. …
IFC ready to invest in Egypt’s hotel development fund
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 …
Egyptian hotel market achieves average 30% RevPAR growth in January
Cairo, Sharm El-Sheikh, Hurghada, Alexandria to witness occupancy of 77%, 58%, 68%, 80% respectively
Austrian man handed 10,000 euro bill for lost hotel key
Kuwaiti Kharafi group considers selling a hotel in Marsa Alam
Kharafi largest investors in tourism sector in Egypt, $2.1bn to establish Marsa Alam Airport
No evidence of carbon monoxide poisoning, food, water tested in British tourist hotel: Thomas Cook CEO
Fankhauser told Britain’s Sky News that testing of probes of food, water, will take 10 days to be complete
Colliers International expects hotel occupancy to rise across Egypt
Company foresees Cairo occupancy to increase to 69%, Hurghada 61%, Sharm El Sheikh 51%, Alexandria 71%
Nile Ritz-Carlton, Cairo, celebrates its second anniversary
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
Jewish New Year raises hotel occupancy in Taba: Utopia
Hotels dealing with international management companies in the region have stronger relations with major foreign tour operators than the companies locally managed
Barons Court launches new hotel in Alex West project with investments EGP 300m
Barons Court achieved profits of EGP 59m last year, says managing director
Steigenberger to complete first phase of Giza hotel by end of 2017: regional manager
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
Albatross Holding for Tourism opens new hotel with investments exceeding EGP 1bn: Abo Ali
The project is a message to tourists and investors in all fields from all over the world that Egypt is safe
Red Sea and South Sinai hotel occupancy stable in past few weeks
Influx of German tourists expected in January after resumption of flights
Pickalbatros buys 50,000 sqm in Fifth Settlement to establish a hotel
Company working to complete Beach Albatros Marsa Alam, with investments of EGP 400m
15.7 % decrease in number of hotel guests in 2015
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, …