Latest in Tourism Highlight
Latest in Tourism
Ministry of Aviation’s petroleum dues increased to EGP 7bn by November
Debt increased due to the suspension of payment of the entire value of fuel acquired, in addition to monthly instalments
HOTAC incurs EDP 30m losses due to decline in tourism: Chairman
If occupancy rates continue to decline, revenues will be affected in 2016, says Hataba
Tourism sector depends on domestic tourism for financial recovery
Companies have seen shrinking profits through the end of September 2015
50% expected decline in airport revenues in Q4 2015
Airlines Company lost part of freight fees and EgyptAir Cargo is the biggest loser, says El-Nahas
Tourism raises the white flag
The Ministry of Antiquities’ debts to the Ministry of Finance and contracting companies were reported at EGP 4bn in mid-December 2015 compared to the close of 2014 when the debt was reported at EGP 3.7bn.
Travco will launch charter flights to Egyptian cities in March
Travco’s Dubai organised charter flights to Sharm El-Sheikh last week
Colliers predicts continued decline in tourism for Sharm El-Sheikh, Hurghada
An increase of occupancy in Sharm El-Sheikh and Hurgada basically depends on reinitiating Russian and British flights
Hotels send memo to Tourism Ministry about measures of real estate tax
Substitution Way stipulates calculating the in accordance with ratio of buildings to land they are established on
Tourism Ministry considers contract with private airline to bring Chinese tourists to Luxor and Aswan: ministry official
Ministry will implement plan to attract tourists from East Asia before end of Q1 of 2016 including India, China, and Japan markets with $70 subsidy per seat
Global hotel project on 250,000m square in Sharm El-Sheikh has investment of EGP 2.4bn
Improving infrastructure of hotels and increasing their efficiency is “necessary” at times of low tourism rates, says Salman
Russia cancels licenses for Turkish tourism companies that organise trips to Egypt: South Sinai Investor
Egyptian government has to move quickly if Egyptian tourism companies are to enter Russian market, says Abdel Latif
Egyptian tourism sector hopes for recovery in 2016
Sector withstands repercussions of past 5 years; optimism over Egypt’s new contract with a security review company for airports
Visa-free travel for eastern Europe, but with a lot of question marks
The EU Commission has recommended visa-free travel for the citizens of Georgia and Ukraine. But the abolition of visa requirements does not mean immediate unlimited travel.
Cairo Airport contracts with Dufry to establish free markets at EGP 376m: Company Chairman
Company revenues in FY 2014/2015 for commercial activities, services to passengers, and aircraft landing amounted to EGP 225.9m
Russian plane crash affected demand for accommodation in Hurghada, Sharm El-Sheikh: Colliers International
“Flights were cancelled after tragic plane crash, Sharm El-Sheikh relies on domestic demand in short term but tourism expected to increase: Report
6 major tourism companies partake in ‘Egypt is in Our Hearts’ programme: ETAA
Programme to be suspend during winter break, which is when we need most support, says ETAA member in Luxor, Aswan
Cairo Runners ran by Luxor’s Corniche to promote tourism
Event sent reassuring message to foreigners from the hub of antiquities, says Luxor Governor
German cartel office rules on booking.com’s best-price clause
Germany’s Federal Cartel Office has lashed out against a best-price clause in use at the bookings.com online hotel booking platform. Regulators said the practice ran afoul of the country’s competition laws.
In Video: King Tutankhamun’s gold mask gets a face lift
The German company Henkel, specialized in adhesives material, will take part in the restoration of Tutankhamun’s gold mask, the company announced in a press statement Wednesday. Henkel agreed with German archaeologist Christian Eckmann, head of the Egyptian-German team, to use the company’s adhesive material after it conducted careful studies to restore the golden mask and …
In Pictures: German Henkel to take part in restoration of Tutankhamun mask
The German company Henkel, specialised in adhesives material, will take part in the restoration of Tutankhamun’s gold mask, the company announced in a press statement Wednesday. Henkel agreed with German archaeologist Christian Eckmann, head of the Egyptian-German team, to use the company’s adhesive material after it conducted careful studies to restore the golden mask and …
German Henkel to take part in restoration of Tutankhamun mask
Henkel will provide high-tech adhesive material to restore the chin properly
$30m direct monthly losses in Sharm El-Sheikh due to UK, Russian flight bans: Al-Zayat
Minister of Tourism Hisham Zaazou estimated monthly losses due to European flight ban at EGP 2.2bn, besides EGP 1bn indirect losses
EgyptAir considers direct flights from Gulf to Sharm El-Sheikh, Hurghada in January 2016
1.6m Arab tourists visited Egypt last year, accounting for $1.5bn of $7.3bn tourism revenue
Emirates Airlines adds 3 additional weekly flights to Egypt
Emirates Airlines will be offering three additional regular flights weekly between Dubai and Cairo starting on 1 January 2016. The new weekly flights will offer 12 seats in First Class, 42 in Business Class, and 183 in Economy Class. The additional flight, EK926, will depart Cairo on Mondays, Tuesdays, and Saturday at 00:35 and arrive …
ITIDA to launch $20m fund for startups
The agency plans to establish innovation centres near engineering schools in various governorates
Defiant travellers boost TUI profits
Europeans are defying global terrorism threats as holiday hungry travellers sent bookings soaring over the last season. The world’s largest tourism firm says it expects the threat to continue, but remains optimistic. Thursday’s annual earnings report was the first since the merger between TUI AG and TuI Travel. It was also the first time the …
Egypt reviewing airport security procedures as tourism rate increases: Tourism minister
Ministry of Civil Aviation received two bids to review airport security procedures
Estonians visits to Sharm El-Sheikh still on hold
Tourists from Baltic nation are still visiting Hurghada
Tourism sector awaits ‘mercy of the sky’: Federation chairman
$6bn tourism revenues for 2015, down $1.5bn on 2014
EGP 2.2bn in direct monthly losses due to Russian plane incident: Tourism Minister
Occupancy rates in Red Sea area have declined from around 70% to 30%, says Hisham Zaazou