Latest in Tag: tourism Highlight
Latest in Tag: tourism
NBE, BM, Banque du Caire to cover tourism companies’ expenses for Hajj
The National Bank of Egypt, Banque Misr, and Banque du Caire officials met with representatives of the Ministry of Tourism and the head of the religious tourism committee of the Egyptian Travel Agencies Association (ETAA). During the meeting, they agreed to have the three banks secure the needed Saudi riyals to cover the expenses of …
Low quality of services obstacle to growth of Egyptian tourism: MP Amr Sedky
MP Amr Sedky, member of parliament’s economic committee, is optimistic that the Egyptian tourism sector will be able to recover quickly this year as tourist arrivals increased during the first quarter of this year to 2.3 million tourists, up from 1.7 million last year. Sedky, a former board member of the Egyptian Travel Agencies Association …
Egypt’s tourism revenues do not match existing resources: MP
MP Mohamed Abdo said that tourism revenues in Egypt are still small and do not equate to the industry’s potential and resources. Abdo added that the sector includes many negatives to be solved, especially the congestion at Cairo International Airport, which he said harms the sector at home and abroad. Abdo urged holding a meeting …
Tourism investors present recommendations to parliament’s tourism, civil aviation committee to develop sector
Cairo airport has many disadvantages in services provided to tourists, says Chamber of Tourism Companies, Agencies head
Mohammed Hamaky promotes Egyptian medical tourism in Russia
Superstar to donate his concert income to hepatitis C patient; event aims to support Egypt in World Cup
Tourism sector represents 10% of world’s GDP: UNWTO
Mohammed Al Muhairi, undersecretary for tourism at the UAE Ministry of Economy and chairperson of the Middle East committee of the World Tourism Organisation (UNWTO), said that the tourism sector now accounts for 10% of the world’s gross domestic product (GDP). He added that the tourism sector accounts for 11% of the world’s total labour …
Taba Heights ignites mountains with party lights to revive tourism in turquoise land
Company seeks to attract tourists from European countries through range of promotional activities, says El Trabishy
Egypt’s tourism expected to recover, backed by growth in tourist arrivals: OBG
Improvements in security, currency flotation were main drivers behind rebound
Beltone expects tourism revenues to reach $6.2bn in FY 2017/2018
FY 2017/2018 expected to see reduced CA deficit, normalised portfolio inflows
Greek delegation promotes investment opportunities in tourism, real estate
Total Greek investments in Egypt at €1.3bn
Parliament’s tourism committee holds meetings with investors on unified tourism bill
Parliament’s tourism and aviation committee will start to hold meetings with members of the Tourism Investors Association and the Egyptian Federation of Tourism Chamber to hear their views concerning the unified tourism bill, according to Adel Rady, chairperson of the Tourism Investors Association at Marsa Alam. He told Daily News Egypt that the aim of …
Dahab, the Red Sea’s golden city
Surrounded by sparkling turquoise water on one side, and majestic mountains and desert on the other, the city of Dahab, a small coastal town, with a population of around 15,000, extends along the Red Sea coast in the Sinai Peninsula. At first, you would think that Dahab isn’t the first destination that will pop in …
CBE extends tourism support initiative to December 2018
The Central Bank of Egypt (CBE) decided to extend its tourism support initiative to December 2018, an initiative that was originally launched in December 2015, according to a press statement released by the bank on Thursday. The initiative aims to provide financing facilities to tourism-related activities, including the construction and renovation of hotels and tourist …
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 …
A tourist in your own city: a refreshing yet challenging experience
Why visiting Egypt’s Alexandria during winter is way cooler than in the summer
2018 tourist season strong, occupancy up 20% since year beginning: Hilton
Group plans to add 7 new hotels through 2022, Waldorf Astoria Hotels & Resorts forecasted to find a big market
Sharm El-Sheikh, Hurghada tourism hotspots in MENA: Colliers International
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 …
Tourism growth drives revenues up in first 4 months of 2017/2018
The Antiquities Ministry’s revenues are expected to reach EGP 300m
Emirates NBD-Egypt to host Patrick Kluivert in Pyramids to promote tourism
The bank signed a partnership agreement with FC Barcelona to strengthen CBE’s financial inclusion initiative
JWT plans to promote tourism in Egypt during World Cup 2018
Campaign is not limited to Egyptian team games, and we await draw to choose most popular matches, says El Sawy
High operating costs necessitate increase of accommodation prices in floating hotels: head of Floating Hotels Division
The head of the floating hotel division of the Egyptian Chamber of Hotels, Maha Sharaf, spoke to Daily News Egypt on the government’s decision to liberate the exchange rate in early November and its effect on the operating costs of floating hotels. Sharaf said that the increase of floating hotels’ operating costs necessitate that the …
Japanese tourism inflow to Egypt expected to increase: Deputy Tourism Minister
Japanese tourism to Egypt is one of the most important nationalities wishing to visit the archaeological areas in Luxor and Aswan with a high expenditure rate of more than $80 per night
Thomas Cook to attract 1.5m tourists to Egypt in 2018: El-Shaer
Security stability and continued promotion campaigns bring arrivals to 1.5 million visitors
Number of hotel rooms to increase 300% in 8 years: Marsa Allam Investors Association Study
The city witnessed a revival in the incoming movement during July, increasing by 141% compared to 2016, where the arrival rate registered 2 per minute, while departure registered 7 per minute, with regularity of 8.5%
Balance of Payments marks surplus of $13.7bn in FY 2016/2017: CBE
Exports revenues amount to $21.7bn, imports register $57.1bn, tourism profits at $4.4bn, $4.9bn from Suez Canal
Average expenditure of tourists increased by 7.5% to $88.20
The average expenditure of tourists coming to Egyptian destinations increased to reach $88.20 during the first half of this year. The sub-accounts unit of the Egyptian Ministry of Tourism said that the average expenditure increased by 7.5% ($6.2) this year from $82 in the same half last year. Sources told Daily News Egypt that the …
ETA launches convoy to promote Egypt tourism in 4 German cities next week
The number of German tourists during the first half of this year reached 503,000 tourists, up by 66% y-o-y, spending 5.1 million tourist night, up by 124%, toping the tourism exporting markets to Egypt
Helnan increases its presence in Egypt by adding 8 hotels
We have implemented a rapid crisis plan to deal with the decline in tourist inflows to Egypt, which enabled the company to restore high occupancy rates in its hotels, says Enan Galaly
Russian Transport Ministry believes there is no need for further security checks in Cairo’s airport
Russia doesn’t see any need for additional security check for Egypt airports, a senior Russian official told Tass news agency on Tuesday. “At present, we do not see any need to carry out any additional checks,” Transport Minister Maxim Sokolov told TASS in response to a question. The minister also noted that the report on …
EGOTH profits grow 85% in FY 2016/17 as tourism sector revives
Sherif El Bendary to succeed Samir Hassan as company’s chairperson