
CBE’s initiative to finance hotel renovation is “mere deceit”: chairperson of Tourism Investors Association
The initiative has not benefited any tourism investor and needs to be implemented on the ground
The initiative has not benefited any tourism investor and needs to be implemented on the ground
The demographics coming from the Gulf states has changed and Egypt must be prepared to welcome a larger share of the Arab market
The hotel capacity in the Red Sea area amounts to 69,000 rooms out of total 225,000 operational rooms in Egypt and represents about 45% of Egypt’s tourism income, according to Egyptian Hotel Association