Orascom Development Holding (ODH) said the German Ministry of Foreign Affairs’ decision to remove its travel ban restrictions from Germany to Taba International Airport will push more flights to its integrated project there, Taba Heights, Invest-Gate reports.

Restrictions on all German airlines to travel to Taba – imposed in October 2015 – have been removed, according to ODH’s press release on July 1. The decision means that all airlines are reauthorized to fly directly to Taba International Airport, echoing the region’s now-stable security conditions and eventually prompting further countries to follow suit, it added.

The decision is backed by the enhanced structural reforms that are adopted by the Egyptian Ministry of Tourism as well as the strong recovery signals of the country’s tourism industry.

Located in Taba, North Sinai, Taba Heights is a fully self-sufficient resort town that offers five five-star and one four-star hotels, consisting of 2,365 guest rooms, along with a wide range of international-standard facilities such as an international marina port.

The company’s CEO Khaled Bichara commented, “Very positive news for us as a group that would now position our second-largest hotel destination, Taba Heights, on the right track to growth and profitability.”

“Although Taba Heights has almost the same number of rooms as El Gouna, yet El Gouna hotel’s revenues were ten times those of Taba’s in FY 2018, because of the travel restrictions that were imposed by the European countries and the ongoing bans by Russia,” Bichara noted. “Now with the lifting of the restrictions, the potential upside for the destination can be achievable, noting that in 2010, Taba Heights used to generate approximately USD 20 mn of pure EBITDA.”