Tourism investors call on banks to extend payment deadlines, reduce interest rates
CBE governor will discuss loan interest rates and postponing tourism sector’s overdue loans
Abdel Razek Al-Shuwekhi
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Latest by Abdel Razek Al-Shuwekhi
Occupancy rates stabilise in Marsa Allam
Hotels of the region have about 10,000 rooms, with investments valued at more than EGP 15m. Shalaby said inbound domestic tourism is still below target due to the high cost of flights.
Tourism workers anticipate cancellation of 70% of Christmas bookings
Plans to increase focus on European markets that have not issued travel warnings to Egypt
Promotional campaigns to launch in Arab, local markets in November
Agreements were made regarding Arab and domestic tourism to avoid repercussions of Europe suspending flights to Egypt, says Mahmoud
Tourism ministry forms crisis operation chamber
Ministry to promote trips to Egypt in the Gulf region and North Africa
Tourism movement to Egypt not affected by Russian plane crash: Tourism Authority head
Opinions predicted tourism will decline more than 20% in 2015 because of decrease in price of rouble
Tourism ministry to participate in international exhibitions in FY 2015/2016
Exhibitions to take place in Poland at the end of November, Vienna by mid-January, and Istanbul at the end of January, among others
Egypt suspends tourism promotional campaign due to Russian plane incident
International tourism companies are awaiting investigation results
Egypt launches tourism promotion campaign at WTM exhibition in London
Ministries of Tourism and of Foreign Affairs will coordinate with Egyptian ambassador in Russia to meet with tour operators by end of this week
TDA studies projects in North Coast with large land areas
Ministry of Tourism is working on promoting mega investment opportunities in Dubai in May
Investor considers closing 2 hotels in Marsa Allam, due to losses
Occupancy rates declined significantly in the past four years due to political circumstances, says Deputy Chairman of Tourism Investors Association
GAFI to receive land pricing mechanisms from TDA: Tourism ministry official
Documents include maps, technical studies of development and description of projects in each region
Imports indicative list will increase monopoly, raise prices: Sheha
Annual Egyptian imports are less than $80bn, of which luxury imports are $500m
Egypt to launch tourism promotion campaign next Saturday
We will implement a short-term plan to improve tourist traffic during the current year, and we are targeting $10bn in 2016, says tourism minister
40% decline in occupancy causes investors heavy losses: Ministerial report
Direct and indirect expenses also rose with the rising price of fuel by 65%
FEDCOC submits memo to Minister of Supply to cancel deposit maximum: Sources
CBE decreased EGP exchange rate against the dollar by 10 piasters on Thursday
Tourism sector to receive North Coast pricing rules within days: Minister
The authority had signed investment agreements worth EGP 12bn with Saudi and UAE investors to establish tourism projects in the region.
Preparations underway to promote Egyptian tourism in conferences
Promotional hash-tag on all government websites to intensify marketing
Food prices’ inflation hinders hotels’ efforts to enhance services: Tourism workers
The first week of October witnessed a peak in operating costs, especially due to the increase in food prices
September growth in operating costs depletes hotel revenues
Some hotels resort to closing some of their rooms in an attempt to decrease operating costs
JWT to launch tourism promotion campaign in London: Ministry sources
Company will focus on increasing private travel flows to areas that suffer a decline in tourism, such as Luxor and Aswan
Hotel occupancy stabilises in Red Sea, South Sinai hotels
Ministry of Tourism set to launch campaign in European countries by end of October
Zaazou follows up on tourism woes in Luxor visit: Ministry official
Minister’s visit aims to coordinate with Egyptian Travel Agents Association and Chamber of Hotels before October launch of tourism promotion campaign
Intensify communication with foreign travel agencies, invite them to visit Egypt: Zaazou
Egypt’s tourism income reaches $4bn in first seven months of 2015, Tourism Ministry aims for $8bn by end of 2015
Hotel occupancy rates increase in Cairo, coastal areas during Eid Al-Adha: Tourism workers
Ain Sokhna and Alexandria have highest occupancy rate during Eid season, compared to inland areas, as they are cheaper and closer to Cairo
Tourism Ministry to undertake promotional campaign in Netherlands, Belgium
Campaign will meet major media in both countries, while preparations are undertaken for another campaign later this year in the US and South America
Tourism workers optimistic as Zaazou returns to ministry
Zaazou expected to deal with thorny issues to restore confidence in Egyptian tourism, and work to reverse reissued travel warnings
Number of ailing foreign tourism companies rise to 74: ETAA officials
Seven Italian tourism companies are indebted to their Egyptian counterparts; Russia and Poland have six ailing companies each
Ministry of Tourism receives Hill+Knowlton recommendations on handling Bahariya incident
Recommendations include coordination with ETAA, amongst others, and investigation into accident
Mexican tourists’ deaths in Bahariya Oasis furthers tourism worries: Ministry Officials
Tourism experts think accident will have very negative effects on the flow of tourism to the region and the recovery opportunities,