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 ...
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.
The Central Bank of Egypt (CBE), in cooperation with the finance ministry, will provide EGP 3 bn worth of credit guarantees to the tourism sector, under the EGP 50 bn tourism support program.
After reopening at a quarter of regular capacity in a bid to contain the spread of COVID-19, Egyptian hotels are almost fully booked for domestic tourism, coinciding with the peak season of Eid Al Fitr holiday.
Orascom Development Holding (ODH) will gradually reopen hotels in its Red Sea resort town of El Gouna for domestic tourism as of May 15, with plans to have all on-site hospitality facilities fully operational almo ...
As Egypt seeks relief for the tourism sector, a range of health and safety requirements has been released by the government to be embraced by hoteliers to safely welcome back guests and employees, while also guard ...
Hotels and other businesses in the tourism industry will be getting a three-month extension of their tax deadline, also without any penalties or late fees
Emaar Hospitality, the hospitality arm of UAE's Emaar Properties, said it will suspend bookings at some of its hotels between March 15 and August 31 amidst a general slowdown in the travel industry due to the coro ...
UAE-based developer Miral and Warner Bros. (WB) have uncovered that the world's first WB branded hotel, called "The WB Abu Dhabi," is currently under development in Yas Island, Abu Dhabi, hitting a completion rate ...
Egypt's Mousa Coast Developments has announced the delivery of 110 residential units at its South Sinai beach resort "Mousa Coast," with investments amounted to EGP 100 mn in 2019.
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