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Hotel sector

Being on the UK’s “red list” means daily losses of EGP 31M for Egypt: WTTC

UK tourists represented around 5% of all international inbound arrivals in 2019, making it the 3rd biggest source market for Egypt

Looking to the future of Egypt’s business travel and conferencing

The general managers of the Nile Ritz Carlton and the Hilton Cairo Heliopolis discuss today’s business travel and conference climate, challenges and future plans

Tourism industry revenues recorded $3.5-4 billion in H1 2021

The deputy minister was positive for the future however, with Shalaby quoted as saying that they expect an increase in tourists of 45% to 60% during the next period

Hotel occupancy rates still declining in Q12021: Colliers

Average daily occupancy rates (ADR) in Red Sea tourism hotspots, Sharm El Sheikh and Hurghada, dropped 76 percent and 59 percent respectively

Colliers updates Egyptian hotel occupancy rates, still in the positive

With Russian tourism soon making a come-back, hotels in Sharm and Hurghada should see more positive growth in the upcoming months