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Hotel sector

Saudi Investment fund to acquire “significant” stake in new state-hotel company

The minister told Hapi Journal that talks with the PIF and the Sovereign Fund of Egypt (SFE) are still in the initial stage

Brand Finance’s Hotels 50 2022 names hotels with most brand value and strength

Topping the list of the world’s most valuable hotels brand was Hilton, whose brand value jumped by 58% to $12.0 billion

Egypt is home to 25% of planned hotels in Africa in Q1 2022

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

Egypt sees highest recorded quarterly growth rate in the last 2 decades

The restaurants and hotels sector saw the highest quarterly growth rate by around 181.8%

Cairo Hospitality sector recovers, sees 2x occupancy rate in August | JLL

Cairo’s occupancy rate recorded 41% in YT August 2021 as tourism returns, compared to 2020’s 29%