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ODE said the gradual reopening plans will ensure all hotels in El Gouna will be open for business by 21 May, with its Taba Heights Hotels to also reopen on 21 May.
Colliers’ MENA Hotels Quarterly Review report, released in 7 May, indicated that 79% of hotel owners have decided to partially or fully close their hotels due to low occupancy rates.
Of the respondents, Colliers International identified 65% as owning existing hotels.
Company can sustain the two-week suspension, if extended it will suffer losses
Governorate suspends provision of Shisha, tourism facilities violating decision will be closed and pay EGP 10,000 fine
El Tarabishy said that only 30% of the hotel’s total area has been developed, adding that Al Bawaba intends to develop the rest of the area within five years with Sinai Hotels.
The group’s occupancy sees 18% hike in 9 months, says Akel
A member of the Chamber of Tourism, Waheed Assem, told Daily News Egypt that the rate of hotel occupancy is going well, as the percentage of occupancy in all the governorates hosting the matches significantly increased
Tawakol: 80GW/h expected to be contracted with tourism sector
Group plans to deliver 550 residential units, 60 sq km administrative areas this year
Real estate prices expected to hike between 5%-10%, says Ayman Sami
Egyptian hotels in different governorates, such as Cairo, Hurghada, Sharm El Sheikh, and Alexandria saw an average revenue per available rooms (RevPAR) growth of 42% in 2018 compared to 2017, according to Colliers International’s MENA Hotel Forecast for 2019. Colliers said that Egypt’s hotels RevPAR growth is driven by both average daily rates (ADR) and …
Tourism Ministry coordinates with Egyptian banks to restructure sector’s debts
Group plans to direct EGP 3bn investments in tourism sector
Sharm El-Sheikh, Hurghada hotels’ forecasted growth of 29%, 36% respectively in y-o-y RevPAR
While in the Egyptian capital case, Cairo maintained a 9% forecasted RevPAR growth in the same period, the report states.
Group mulls expansions in Addis Ababa, Jordan, says chairperson
Negotiations with KarmSolar to implement plants, systems to produce electricity, says Rady
Knight Frank, which is a global real estate consultancy company, announced in a report that Egypt has the second highest number of major hotels in Africa after South Africa. The report stated that hotel supply levels vary greatly across Africa, where Morocco ranked third after Egypt with 153 hotels branded or chain hotels. Furthermore, South …
Sharm El-Sheikh and Hurghada hotels were named touristic hotspots by Colliers International, with a forecasted growth of 45% and 31% respectively in revenues per available rooms (RevPAR). The surge is a result of an improved security perception and a surge in international leisure demand, according to Colliers’ The MENA Hotel Forecast April 2018 report. On …
Cairo is main driver of growth in Egypt’s hotel supply
Hotels in Riyadh and Kuwait are expected to grow and transform their status to become touristic hotspots with forecasted growths of 20% and 8% respectively in revenue per available room (RevPAR), according to Colliers International’s The MENA Hotel Forecast March 2018 report. The forecasted growth in Riyadh’s case is a result of strong corporate and …
Company aims to expand in hotel management in Upper Egypt, other governorates: Khneisser
Over 1,300 hotels have received the required credentials for the duration of the 2018 World Cup in Russia, the head of Moscow’s sports and tourism department, Nikolay Golayev, said. The specifications of these hotels conformed to the standards set by the Moscow Municipality. Gulayev’s statements came during his talk about the status of hotels and …
Sharm El-Sheikh and Hurghada hotels continued to grow from their low performance in the first quarter of 2017, and maintained their status as touristic hotspots with a forecasted growth of 84% and 72% respectively in revenues per available rooms (RevPAR), according to Colliers International’s The MENA Hotel Forecast January 2018 report. The witnessed rebound is …
Hotels suffer from difficulty repaying bank debts for projects borrowed in foreign currency since the pound floatation and liberalization of foreign exchange rate
Sharm El-Sheikh and Hurghada hotels were marked as touristic hotspots with a forecasted growth of 97% and 62%, respectively in revenues per available rooms (RevPAR). The surge is a result of recovering from the effects of the Metrojet incident in 2015, according to Colliers International’s “The MENA Hotel Forecast November 2017” report. Moreover, the report …
Negotiations with banks to finance expansions, a contract with MCV to renew the buses fleet
The head of the floating hotel division of the Egyptian Chamber of Hotels, Maha Sharaf, spoke to Daily News Egypt on the government’s decision to liberate the exchange rate in early November and its effect on the operating costs of floating hotels. Sharaf said that the increase of floating hotels’ operating costs necessitate that the …
The city witnessed a revival in the incoming movement during July, increasing by 141% compared to 2016, where the arrival rate registered 2 per minute, while departure registered 7 per minute, with regularity of 8.5%