Latest in Tag: Hotels Highlight

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Latest in Tag: Hotels


Egypt is African country with second most major hotels: Knight Frank

Knight Frank, which is a global real estate consultancy company, announced in a report that Egypt has the second highest number of major hotels in Africa after South Africa. The report stated that hotel supply levels vary greatly across Africa, where Morocco ranked third after Egypt with 153 hotels branded or chain hotels. Furthermore, South …

Nihal Samir

Sharm El-Sheikh, Hurghada hotels named touristic hotspots; 45%, 31% forecasted growth respectively: Colliers

Sharm El-Sheikh and Hurghada hotels were named touristic hotspots by Colliers International, with a forecasted growth of 45% and 31% respectively in revenues per available rooms (RevPAR). The surge is a result of an improved security perception and a surge in international leisure demand, according to Colliers’ The MENA Hotel Forecast April 2018 report. On …

Mohamed Samir

Moscow hotels 100% booked during World Cup period

Over 1,300 hotels have received the required credentials for the duration of the 2018 World Cup in Russia, the head of Moscow’s sports and tourism department, Nikolay Golayev, said. The specifications of these hotels conformed to the standards set by the Moscow Municipality. Gulayev’s statements came during his talk about the status of hotels and …

Daily News Egypt

Sharm, Hurghada hotels maintain touristic hotspot status; 84%, 72% forecasted growth respectively: Colliers

Sharm El-Sheikh and Hurghada hotels continued to grow from their low performance in the first quarter of 2017, and maintained their status as touristic hotspots with a forecasted growth of 84% and 72% respectively in revenues per available rooms (RevPAR), according to Colliers International’s The MENA Hotel Forecast January 2018 report. The witnessed rebound is …

Mohamed Samir

Sharm, Hurghada hotels marked as touristic hotspots, 97%, 62%, forecasted growth respectively: Colliers

Sharm El-Sheikh and Hurghada hotels were marked as touristic hotspots with a forecasted growth of 97% and 62%, respectively in revenues per available rooms (RevPAR). The surge is a result of recovering from the effects of the Metrojet incident in 2015, according to Colliers International’s “The MENA Hotel Forecast November 2017” report. Moreover, the report …

Mohamed Samir

Bright future for Egyptian hotel market: Colliers International report

In its full year review in 2016 about Egypt, Colliers International, the commercial real-estate leader, said that the hotels’ supply has increased by 3% because of a number of high-profile properties that streamed the market in 2016, which includes the Steigenberger Hotel El Tahrir, Westin Golf Resort, Westin Katameya Dunes, and Nile Ritz-Carlton. The report …

Hisham Salah