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Talking to Daily News Egypt, Akel said the current occupancy rates at most Red Sea hotels range between 80% and 100% at weekends, with an average of 85%.
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Total investments of the company during the past years reached EGP 5bn, says chairperson
Occupancy rate in in Cairo, Sharm El Sheikh, Hurghada, and Alexandria recorded 80%, 60%, 67%, 82%, respectively.
It said Sharm El Sheikh airport is the fastest growing major airport in Africa by capacity.
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Cairo, Alexandria to achieve occupancy rates of 80%, 83%, respectively this year
It also forecasted that the four cities will achieve occupancy rates of 84% in Alexandria, 79% in Cairo, 68% in Hurghada, and 63% in Sharm El-Sheikh in 2019.
ALDAU Village Mall to be completed next year
JICA to fund the project with $85m facilitated loan
New terminal’s capacity reaches 7.5 million passengers annually
It also forecasted that Cairo, Sharm El-Sheikh, Hurghada, and Alexandria will achieve occupancy rates of 79%, 64%,69%, and 84% respectively in 2019.
The decision came for the impact plastic waste has had on the marine life and underwater creatures.
Large number of alternative bags distributed to citizens in order to use instead, explaining effect of plastic waste on sea life creatures
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. …
Under the sponsorship of Bibliotheca Alexandrina (Library of Alexandria), the third edition of International Media Tournament for media persons and journalists will be kicking off starting from Wednesday to Saturday, at the Maritime Sports Club in Hurghada, organised by the Federation of Sports’ Journalists in Lithuania. Seven teams will be participating in the championship. They …
On the largest open theatre in the Red Sea, with the presence of Egypt, Syria and Tunisia and after the great success of its first and second editions, the Middle East Fashion Festival (MEFF) presents its third edition for the first time in Hurghada. The MEFF is to be held from 28 – 30 March …
Egypt’s Ministry of Tourism, the Egypt Hotels Association, and Diversey Inc – a provider of cleaning and hygiene products – are organising a conference entitled ‘Egypt, the Future of Hospitality’ in Sharm El-Sheikh and Hurghada. The conference, which is to be attended by the Minister of Tourism, Rania Al-Mashat, aims to raise awareness of the …
When travelling, I think that we all have some memories that we cherish, and places that we will never forget. Once you spend an enjoyable time at a nice place, you will not be able to forget its beauty. I think it is also the same with hotels, as no can ever forget a good …
Hurghada, Alexandria to see 9% improvement in ADR in FY 2019 over 2018
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 …
Hotel occupancy in Sharm El-Sheikh and Hurghada continues to grow in light of the positive movement witnessed in the tourism sector during the last period. The two Red Sea resort cities are expected to witness 17% and 12% growth in revenues per available rooms (RevPAR) respectively, Colliers International said in its latest MENA Hotels Forecast …
Hilton Hurghada Resort launched new renovation plan, scheduled to be completed by 2020
Conference to include Egyptian scientists living abroad: Makram
Cairo expected to witness higher RevPAR levels compared to last year
‘Some UK media published flawed reports over alleged organ theft,’ says Egypt’s SIS
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.
Supply rise by 9% in KSA, 3% in UAE, 2.1% in Egypt in same period