Latest in Tag: Hotels Highlight
Latest in Tag: Hotels
The North Coast’s hotels are the most expensive: hotel managers
Single rooms EGP 3,400, while chalets cost EGP 12,000
Ramadan entertainment programmes bring in crowds for hotels
Prices range from EGP 400-450 for Iftar, EGP 300-350 for Suhur; artist events begin at EGP 600 per personÂ
Hotel food supplies prices up by 40%
Owing to dramatic rise of prices, hotels do not stock food commodities
High operation costs force Egyptian hotels to reduce prices in summer
North Coast hotels will record the highest prices in the next summer, followed by Ain Sokhna at EGP 1,500 per night, then Hurghada and South Sinai
70% occupancy in Cairo hotels, 8% increase in Sharm El Sheikh in Q1: Colliers International
The report addressed hotel occupancies and provided an outlook for four main Egyptian cities
Luxor suffering from decline in tourism: tourism officials
Hotel occupancy in Luxor declined in the past six years due to the decline of tourist influx to Egypt
Average night in Marsa Alam hotels costs $25: Shalaby
Flights should cost less than EGP 2,500-3,000 per person, as one family of four cannot afford to spend EGP 12,000
All Inclusive packages are blamed for service quality decline: Mohsen
Tourists who can have all three meals and drinks at hotels will not leave their rooms, says Mohsen
Hilton Group is negotiating to manage hotels in the New Administrative Capital
Group recently signed management contracts for seven hotels under construction
60 hotels in Nuweiba shut down
Total hotel capacity in Taba, Nuweiba at 15,000 rooms on the coastline of the Gulf of Aqaba with investments of more than EGP 15bn
Bright future for Egyptian hotel market: Colliers International report
In its full year review in 2016 about Egypt, Colliers International, the commercial real-estate leader, said that the hotels’ supply has increased by 3% because of a number of high-profile properties that streamed the market in 2016, which includes the Steigenberger Hotel El Tahrir, Westin Golf Resort, Westin Katameya Dunes, and Nile Ritz-Carlton. The report …
EGOTH hotels occupancy in Luxor and Aswan grows
Company plans to boost investments in the coming FY to EGP 450m, up from EGP 404m this year
CBE initiative set to rescue 50% of hotels nationwide
Initiative will consider promoting local industry by requiring 65% reliance on domestic products in replacement and renewal
Tourism Activation Authority invites companies, hotels to take part in ITB Berlin in March: tourism companies chamber
The fees to participate in the exhibition have not been changed by the organising administration, but pound’s flotation has lead to an increase in the fees on Egyptian companies which may prevent several from taking part as exhibitorsÂ
Hotel revenues per available room forecasted to grow by 8% between December, February in Cairo: ColliersÂ
Cairo hotels continued to show a strong performance despite the recent devaluation of the local currency. The continued surge in revenues per available rooms (RevPAR) is a result of the increasing Average Daily Rates (ADR), according to Colliers International’s MENA Hotel Forecasts December 2016 report. Consequently, hotel profitability rates are expected to further enhance. According …
Tickets for New Year’s Eve celebrations range from EGP 400-15,000
Ticket prices increased by 40% due to flotation and rising prices of services
Red Sea Hotels occupancy to increase to 60% during Christmas: officials
Tourism has suffered greatly since the Russian aeroplane crash in 2015
Revenues increase at hotels in Sharm El-Sheikh, Hurghada: Colliers International
Colliers International, a commercial real estate company, published on Thursday its three-month rolling forecast for November until January 2017. The report marked Cairo and Alexandria as tourism hot spots, explaining that Cairo witnessed a 13% increase in revenues per available rooms (RevPAR) because it is a stable corporate tourism destination. The report added that the …
Hotels start subdued Christmas preparations amid weak bookings
Sector frustrated about low occupancy rates
Sharm El-Sheikh, Hurghada hotels revenues decline: Colliers International
Colliers International, The Commercial Real Estate Leader published its 3-month rolling forecast for October until December on Wednesday.
Ministry of Tourism launches promotional campaigns, but hotels need renovation: investors
Restoration of a 5-star room costs EGP 25,000, 4-star room EGP 20,000, and 3-star needs EGP 15,000
Helnan seeks to increase size of hotel investments in Egypt: chairperson
Two new hotels were added to the company’s management during the current tourism crisis in Egypt, which are Helnan Dreamland in 6th of October City and Landmark in Cairo
Tourism Ministry turns to German TUI group to stimulate hotels to obtain green star
We seek to grant eco-green hotels booking priorities, says energy advisor
Hurghada hotels witness 80-90% occupancy during Eid Al-Adha: Fawzy
High demand on Hurghada over national holiday due to Arab, local tourism turnout at concerts and events organised by hotels, says marketing manager
5 new Hilton hotels in planning in Egypt
A hotel in Damietta and another near the Grand Egyptian Museum will be under the company’s management soon
Domestic tourism saved Sharm El-Sheikh’s hotels from closure, increased occupancy to 75%: Aurora Hospitality Management regional manager
The company runs 4 hotels in Sharm El-Sheikh and Marsa Alam, and is looking to operate hotels in the North Coast and Ain Sokhna, says Ali Saudi
220 hotels shut down as occupancy collapses in tourist areas
Fifty-four hotels have shut their doors in Sharm El-Sheikh, while 34 have closed in Hurghada
Egypt’s Red Sea gem: Sharm El-Sheikh grappling with tourism declineÂ
While domestic and Arab tourism attempts to fill the void left behind by foreign travellers, the Red Sea resort city continues to grapple with the adjustment to tourism’s decline
Cairo hotels’ revenue per available room expected to grow by 22% during June to August y-o-y
Colliers expects that the occupancy rate in Hurghada will be 5% more than that in Sharm El-Sheikh from June to August
Hotels launch offers to attract holidaymakers in summer: tourism experts
Average occupancy rates up to 30% in Cairo, 50% on the Red Sea, 40% in South Sinai, more than 80% in Alexandria and at the North Coast