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Latest in Tag: hotel

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, …

Hossam Mounir

Blackstone to acquire Strategic Hotels

Blackstone has agreed to buy real estate investment trust Strategic Hotels & Resorts in a multi-billion-dollar deal. The deal is the latest move by the US private equity firm to expand its massive real estate portfolio. Strategic Hotels & Resorts said on Tuesday that Blackstone’s real estate fund is set to buy the US luxury …

Deutsche Welle