Cairo’s Hotel Sector Sees High Occupancy Rates in Q2

Cairo’s Hotel Sector’s occupancy rates climbs to 60% in Q2 2022, almost double the level as compared to the corresponding period of last year which stood at 32%, Invest-Gate reports.

AFg Launches SkyBridge Hotel in NAC

Al-Fath Group (AFG) announces launching its first integrated hotel tower in the New Administrative Capital (NAC), with expected sales exceeding EGP 300 mn

Orascom Development Logs EGP 3bn Sales in Q4

Orascom Development Egypt (ODE) announces its preliminary real estate and hotels KPIs for Q4 2021, Invest-Gate reports.

Al-Borouj Misr Acquires Accor to Manage Mövenpick Hotel in NAC

Al-Borouj Misr signs a contract with the international company, Accor Group, to manage the Mövenpick Hotel in the Sixty Iconic Tower, the first private five-star hotel in the New Administrative Capital (NAC)

ODE Reveals Its Preliminary Real Estate And Hotels KPIs For The 3Q 2021

Orascom Development Egypt (ODE) announces the key performance indicators (KPIs) for Q3 and the first nine months (9M) in 2021, highlighting an increase of 43.4% y-o-y in real estate sales

Al Marasem Development & Marina Way Lagoon Partner with Rotana

Al Marasem Development and Marina Way Lagoon partner with Rotana to manage and operate hotel projects, in a bid to achieve the highest investment returns

Emaar Misr Brings Two New Hotels to Marassi Sidi Abdel Rahman

Emaar Misr announces the establishment of its two new hotels, Address Beach Resort Marassi and Vida Marina Hotel in Marassi Sidi Abdel Rahman. The two luxury properties, which include the first Vida hotels and res ...

Egypt’s Hotels Worst Hit in MENA Region Amid COVID-19: Colliers

Colliers International’s latest MENA Hotels Quarterly Review (Q3 2020) shows that Egyptian hotels have been the region’s worst-hit so far by COVID-19, with occupancy going down at least 50% during this year, despi ...

All Red Sea Hotels to Reopen by Summer’s End: Official

Chairman of the Egyptian Hotels Association in the Red Sea Alaa Akel forecast that all Red Sea hotels are projected to resume operations by next October or November, however, at low occupancy rates.

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