By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Japan's Nikkei ends higher, gains capped amid continued concerns over global financial crisis
    Japan’s Nikkei ends higher, gains capped amid continued concerns over global financial crisis
    March 27, 2023
    European Commission VP visits Egypt to discuss education, mobility, and migration issues
    European Commission VP visits Egypt to discuss education, mobility, and migration issues
    March 27, 2023
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    March 27, 2023
    Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
    Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export
    March 27, 2023
    Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
    Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management
    March 27, 2023
  • Politics
    PoliticsShow More
    Germany has delivered Leopard 2 tanks to Ukraine: Scholz
    Ukraine gets first batch of Leopard 2 tanks from Germany
    March 28, 2023
    China’s president Xi met with the King of Saudi Arabia Salman bin Abdulaziz Al-Saud in 2017. Reuters/Alamy
    China’s latest diplomatic move will extend its trade, energy, financial and maritime power
    March 27, 2023
    Saudi Arabia, to the surprise of many, chose China to broker its deal with Iran in March 2023. Chinese Foreign Ministry/Anadolu Agency via Getty Image
    As longterm partnership with US fades, Saudi Arabia seeks to diversify its diplomacy – and recent deals with China, Iran and Russia fit this strategy
    March 27, 2023
    Mass Israel protests after Netanyahu fires defence minister
    Israeli PM calls for calm amid turmoil over government’s judicial overhaul
    March 27, 2023
    Somalia says army kills over 3,000 Al-Shabab militants in 6 months
    Somalia says army kills over 3,000 Al-Shabab militants in 6 months
    March 27, 2023
  • Interviews
    InterviewsShow More
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun
    March 27, 2023
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Real estate expansion creates hospitality, tourism sector investment opportunities: EJB
Share
Notification
Latest News
Germany has delivered Leopard 2 tanks to Ukraine: Scholz
Ukraine gets first batch of Leopard 2 tanks from Germany
Politics
China’s president Xi met with the King of Saudi Arabia Salman bin Abdulaziz Al-Saud in 2017. Reuters/Alamy
China’s latest diplomatic move will extend its trade, energy, financial and maritime power
Opinion Politics World
Saudi Arabia, to the surprise of many, chose China to broker its deal with Iran in March 2023. Chinese Foreign Ministry/Anadolu Agency via Getty Image
As longterm partnership with US fades, Saudi Arabia seeks to diversify its diplomacy – and recent deals with China, Iran and Russia fit this strategy
Opinion Politics
Japan's Nikkei ends higher, gains capped amid continued concerns over global financial crisis
Japan’s Nikkei ends higher, gains capped amid continued concerns over global financial crisis
Stock Market
Mass Israel protests after Netanyahu fires defence minister
Israeli PM calls for calm amid turmoil over government’s judicial overhaul
Politics
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Real estate expansion creates hospitality, tourism sector investment opportunities: EJB
Business

Real estate expansion creates hospitality, tourism sector investment opportunities: EJB

Daily News Egypt
Last updated: 2020/11/05 at 6:36 PM
By Daily News Egypt 4 Min Read
Share
SHARE

Mohamed Kaoud, President of the Egyptian Junior Business Association’s (EJB) Tourism and Aviation Committee, said that the expansion in Egypt’s real estate sector will provide investment opportunities in the hospital and tourism sectors.

The three-day Cityscape Egypt exhibition which is currently underway under the auspices of the Ministry of Housing, Utilities and Urban Communities is hosting leading developers in Egypt. The exhibition aims to provide a wide variety of residential, industrial, hospitality, or other real estate products around the country to buyers looking to invest.

The Egyptian consumer’s shifting demographics and lifestyle plays a crucial role in the growth of a city. Not only is the quality of the apartment or villa important, but it is the basic community elements that complete a society and which are a bonus for buyers. This includes the availability of targeted convenience stores, food and beverage (F&B) venues, medical services, and schools.

Kaoud said, “In reality, the novel coronavirus (COVID-19) has increased the demand and importance of providing social infrastructure in future citations and innovations, offering the environment of ‘live, work and play’ within communities.”

He added, “Although Egypt is creating new cities nationally, and encouraging private-sector commercial investment, the construction of sustainable cities that enable families to move and live in these new destinations remains a challenge.”

To address this challenge, cities that focus on economic growth and encourage job creation need to be planned and built. Egypt’s demographics are continuously evolving and adjusting to new developments in lifestyles.

Younger households are more likely to migrate from more heavily populated neighbourhoods to developments and cities that not only deliver improved building quality, but also critical social infrastructure.

In addition to residential neighbourhoods, the timely completion of these social components is likely to ensure higher occupancy rates relative to stand-alone residential projects that only draw investments that protect against inflation.

Ensuring a healthy residential mix with business elements that foster economic growth would provide several revenue sources for developers, whilst diversifying risk and raise price premiums.

With a growth trend in the hospitality sector and a new wave of high-tech facilities and construction materials available, developers have the means and market conditions required to build better, faster, and to optimise the experience of each guest.

“The introduction of dual-brand and triple-brand hotels in the industry is one of the newer trends in hotel growth,” Kaoud added, “Micro-hotel units, where rooms are very small and effective, and amenities are roomy and accommodating, are another new trend making its way to the market.”

He also said that the hospitality sector is seeing the guest experience grow in new and exciting ways with many new, independent hotel brands breaking into the market.

To be successful in a fast-moving industry, like hospitality, means never standing still. Today’s guest demands are tomorrow’s history, so the clever companies are the ones which constantly peer over the horizon.

You Might Also Like

Japan’s Nikkei ends higher, gains capped amid continued concerns over global financial crisis

European Commission VP visits Egypt to discuss education, mobility, and migration issues

Developers have to offer innovative products, state should provide more facilities to stimulate industry: Kareem Mamoun

Tabarak Holding launches 4 exhibitions in Gulf region for Egyptian property export

Eight Developments, Gaballah Group sign contract with Mission 235 for Revolve Mall management

TAGGED: EJB, hospitality, Investment, Real Estate, tourism
Share this Article
Facebook Twitter Email Print
Previous Article Egypt's Minister of Planning and Economic Development Hala El-Said. Daily News Egypt Planning Ministry announces features of North Sinai’s ‘Citizen Investment Plan’
Next Article GACIC-AHK members express optimism in Egypt business climate
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Germany has delivered Leopard 2 tanks to Ukraine: Scholz
Ukraine gets first batch of Leopard 2 tanks from Germany
Politics
China’s president Xi met with the King of Saudi Arabia Salman bin Abdulaziz Al-Saud in 2017. Reuters/Alamy
China’s latest diplomatic move will extend its trade, energy, financial and maritime power
Opinion Politics World
Saudi Arabia, to the surprise of many, chose China to broker its deal with Iran in March 2023. Chinese Foreign Ministry/Anadolu Agency via Getty Image
As longterm partnership with US fades, Saudi Arabia seeks to diversify its diplomacy – and recent deals with China, Iran and Russia fit this strategy
Opinion Politics
Japan's Nikkei ends higher, gains capped amid continued concerns over global financial crisis
Japan’s Nikkei ends higher, gains capped amid continued concerns over global financial crisis
Stock Market
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?