The minister told Hapi Journal that talks with the PIF and the Sovereign Fund of Egypt (SFE) are still in the initial stage
Topping the list of the world’s most valuable hotels brand was Hilton, whose brand value jumped by 58% to $12.0 billion
Around 71% of Egypt’s projects were in the planning stage, reflecting a “young pipeline” of projects, with 20 hotels (with a combined 5.3K rooms) being signed off on last year alone
The restaurants and hotels sector saw the highest quarterly growth rate by around 181.8%
Cairo’s occupancy rate recorded 41% in YT August 2021 as tourism returns, compared to 2020’s 29%
