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Sharm El-Sheikh, Hurghada hotels’ forecasted growth of 29%, 36% respectively in y-o-y RevPAR
While in the Egyptian capital case, Cairo maintained a 9% forecasted RevPAR growth in the same period, the report states.
Supply rise by 9% in KSA, 3% in UAE, 2.1% in Egypt in same period
Group currently operates 30 weekly flights from Cairo to its four hubs in Europe
Hotels in Egypt’s Hurghada and Oman’s Muscat were named touristic hotspots by Colliers International, with a forecasted growth of 13% and 8%, respectively, in revenue per available room (RevPAR), according to Colliers’ MENA Hotel Forecast June 2018 report. The witnessed growth in Hurghada hotels’ RevPAR was boosted by the continuation of a positive perception and …
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 …
Sharm El-Sheikh and Hurghada hotels continued to grow from their low base in the first quarter (Q1) of 2017. The two cities started to regain their position as touristic hotspots, as Sharm El-Sheikh and Hurghada are expected to witness growth of 48% and 27% respectively in revenues per available rooms (RevPAR), Colliers International said in …
Minister of Antiquities Khaled El-Anany announced on Friday launching a new museum in Hurghada governorate, according to a press release issued by the ministry. The announcement was made at the inauguration of a sculpture exhibition that marked the end of the International Sculpture Symposium in Hurghada. The symposium was attended by Ahmed Abdullah, governor of …
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 …
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 …
A forecast conducted by Colliers International for hotels of the Middle East and North Africa (MENA) region, for the three-month period from October to December 2017, has shown that Sharm El-Sheikh and Hurghada are the tourism hotspots of the region in that period. The report mentioned that Sharm El-Sheikh benefitted from higher leisure demand due …
Tender to be offered to launch project mid next year
Arabic version of our report clearly said that the incident was an assault with melee weapons on tourists, motive undetermined, says authority head
We await the reports of the Interior Ministry, foreign offices began to see responses: El Sawy
Suspect deported to Cairo, motive undeclared by authorities
Two female German tourists were killed in an attack on a beach resort Friday in Hurghada. The German embassy in Cairo has quoted its foreign ministry in a statement on Saturday morning confirming that the two victims were German nationals. The embassy further stated that its representatives were present at the crime scene. A man …
Two German tourists were stabbed to death in Hurghada hotel
Egypt’s promotional campaigns abroad remain unsatisfactory, fail to bring significant numbers of tourists from Arab world or other countries
Lars Geweyer, CEO of the Al Dau Development Hotel Division, is a native German with over 25 years of international hotel management experience across four continents.
Company’s losses last year reached EGP 19m, losses expected to decline by the end of FY to EGP 13m
The race was originally to take place in Cairo last week
Although Cairo occupancy rates are forecast to be healthy, a pronounced drop in hotel revenues per available room (RevPAR) is expected as a result of the devaluation of the Egyptian currency in November, according to Colliers International’s “The MENA Hotel Forecasts” February report.
Provision of 5,000 jobs for youth as well as 200 feddans for microprojects
A Russian delegation is set to arrive in Cairo to inspect security measures at airports
Colliers International, a commercial real estate company, published on Thursday its three-month rolling forecast for November until January 2017. The report marked Cairo and Alexandria as tourism hot spots, explaining that Cairo witnessed a 13% increase in revenues per available rooms (RevPAR) because it is a stable corporate tourism destination. The report added that the …
Mini Egypt Park contains to scale model replicas of Egypt’s most well-known landmarks from Aswan to Alexandria
One hotel will be in Sahl Hasheesh and the other in Sharm El-Sheikh, both with about 300 rooms
Colliers International, The Commercial Real Estate Leader published its 3-month rolling forecast for October until December on Wednesday.
Although the heavy rainfall shouldn’t come as a surprise, the government is always late in its efforts to counter the impact of floods, says MP
Owing to market reorientation strategies, Egypt, the United Arab Emirates, and Saudi Arabia see gains ahead of the peak in the tourism season