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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, …
Sharm Dreams Co. to complete development of 2 hotels for EGP 370m in 2017: Chairperson
One hotel will be in Sahl Hasheesh and the other in Sharm El-Sheikh, both with about 300 rooms
Ministry of Tourism begins application of Accessible Tourism Project at new hotels
This project’s provisions for disabled people will double the number of guests in hotels, says Abu Ali
Ritz-Carlton to open in Sharm El-Sheikh, Marriott to open sports hotel in Abu Dhabi
Tourists could spend five times as much in other Mediterranean countries to experience what Egypt has to offer, says Marriott International president
Increase in hotel bookings over Eid Al-Adha holiday: tourism sector
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 to open Porto Sharm Hotel in December
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
Egyptians push growth of Sharm El-Sheikh hotel occupancies, tourist workers
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
France: Hotel stays drop due to attacks
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.
Cairo’s occupancy levels for next 3 months forecasted at 58%: Colliers International
No expected recovery for Hurghada and Sharm El Sheikh in the short term
SECON, Hilton Worldwide sign contract to manage 4-star hotel in New Damietta
Hassanain pointed out that the project will shed light on New Damietta city as one of the important port cities.
Our hotel worked just 20 days over a 5-months period: head of Tobya Tourism Investments
The majority of hotels still operating in Taba and Nuweiba are run by Egyptian companies
Tourism agencies must request hotel’s licence, insurance policy when booking for guests: Tourism Chamber
The decision aims to maintain the rights of tourism companies and the reputation of Egypt’s tourism
CI Capital prepares IPOs at EGX in construction, food, and hotel sectors in 2016
Government should activate one-stop shop quickly to attract more local and foreign investments, says Chief Executive
Dubai hotel fire: ‘There will be fatalities unless building safety is improved’
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.
‘State Of Sinai’ claims attack on North Sinai hotel housing election judges
Death toll rose to 7, including four police personnel and two judges, state media reported